Qingling Motors Co (HKSE:01122) Days Payable : 168.43 (As of Dec. 2023)

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What is Qingling Motors Co Days Payable?

Qingling Motors Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,622 Mil. Qingling Motors Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,758 Mil. Hence, Qingling Motors Co's Days Payable for the six months ended in Dec. 2023 was 168.43.

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

HKSE:01122' s Days Payable Range Over the Past 10 Years
Min: 132.3 Med: 151.14 Max: 197.92
Current: 164.81

During the past 13 years, Qingling Motors Co's highest Days Payable was 197.92. The lowest was 132.30. And the median was 151.14.

HKSE:01122's Days Payable is ranked better than
87.53% of 1267 companies
in the Vehicles & Parts industry
Industry Median: 66.62 vs HKSE:01122: 164.81

Qingling Motors Co's Days Payable declined from Dec. 2022 (222.52) to Dec. 2023 (168.43). It may suggest that Qingling Motors Co accelerated paying its suppliers.

Qingling Motors Co Days Payable Historical Data

The historical data trend for Qingling Motors Co'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.

Qingling Motors Co Days Payable Chart

Qingling Motors Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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165.71

145.47

148.65

197.92

166.35

Qingling Motors Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															170.49	181.93	222.52	160.05	168.43

Competitive Comparison of Qingling Motors Co's Days Payable

For the Auto Manufacturers subindustry, Qingling Motors Co'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.

Qingling Motors Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Qingling Motors Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingling Motors Co's Days Payable falls into.

Qingling Motors Co 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.

Qingling Motors Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1753.767	+	1609.349)	/	2 )	/	3689.514	*	365
=	1681.558					/	3689.514	*	365
=	166.35

Qingling Motors Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1634.793	+	1609.349)	/	2 )	/	1757.597	*	365 / 2
=	1622.071					/	1757.597	*	365 / 2
=	168.43

Qingling Motors Co Days Payable Related Terms

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Qingling Motors Co (HKSE:01122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingling Motors Co Ltd (HKSE:01122) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

QGLHF:USA QIN:Germany

Address

1 Xiexing Cun, Zhongliangshan, Jiulongpo District, Chongqing, CHN, 400052

Website

https://www.qingling.com.cn

Qingling Motors Co Ltd is a Chinese company which is engaged in the production and sale of Isuzu light, medium and heavy-duty trucks, pick-up trucks, multi-purpose vehicles and diesel and petrol engines. It also focuses on the manufacturing and sales of automobile parts and accessories. The company organizes its business into five segments namely Light-duty trucks and chassis; Pickup trucks and chassis; Medium and heavy-duty trucks and chassis; and Automobile parts, accessories and others. It also focuses on research and development activity for product, material, mould and process and fixtures. The company earns the majority of its revenue from the sale of trucks and vehicles in the People's Republic of China.

Qingling Motors Co (HKSE:01122) Headlines

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