CAR (HKSE:00699) Days Payable : 4.92 (As of Dec. 2020)

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What is CAR Days Payable?

CAR's average Accounts Payable for the six months ended in Dec. 2020 was HK$93 Mil. CAR's Cost of Goods Sold for the six months ended in Dec. 2020 was HK$3,439 Mil. Hence, CAR's Days Payable for the six months ended in Dec. 2020 was 4.92.

The historical rank and industry rank for CAR's Days Payable or its related term are showing as below:

HKSE:00699's Days Payable is not ranked ^*
in the Business Services industry.
Industry Median: 47.92
* Ranked among companies with meaningful Days Payable only.

CAR's Days Payable declined from Dec. 2019 (27.75) to Dec. 2020 (4.92). It may suggest that CAR accelerated paying its suppliers.

CAR Days Payable Historical Data

The historical data trend for CAR's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CAR Days Payable Chart

CAR Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

Get a 7-Day Free Trial

3.98

4.77

8.28

6.28

4.75

CAR Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Days Payable	Get a 7-Day Free Trial										7.41	35.89	27.75	6.06	4.92

Competitive Comparison of CAR's Days Payable

For the Rental & Leasing Services subindustry, CAR's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CAR's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CAR's Days Payable distribution charts can be found below:

* The bar in red indicates where CAR's Days Payable falls into.

CAR Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

CAR's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (96.534	+	79.118)	/	2 )	/	6744.701	*	365
=	87.826					/	6744.701	*	365
=	4.75

CAR's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

	Days Payable (Q: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2020 )	+	Accounts Payable (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (106.267	+	79.118)	/	2 )	/	3439.34	*	365 / 2
=	92.6925					/	3439.34	*	365 / 2
=	4.92

CAR Days Payable Related Terms

Thank you for viewing the detailed overview of CAR's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

CAR (HKSE:00699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CAR Inc (HKSE:00699) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2A Zhonghuan South Road, 3rd Floor, Block B, Lead International, Wangjing, Chaoyang District, Beijing, CHN, 100102

Website

https://www.zuche.com

CAR Inc is engaged in providing car rental services. Its businesses include the provision of long-term and short-term car rental services, finance lease and the sales of used rental vehicles, among others. The company is engaged in vehicle parking management, processing and manufacture of auto parts, the provision of auto repair services, as well as the provision of information technology (IT) services. It also offers other services including accident coverage packages, GPS ( Global Positioning System) navigation systems, 24/7 roadside assistance, and others.

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