Grand Baoxin Auto Group (HKSE:01293) Days Payable : 5.69 (As of Dec. 2023)

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What is Grand Baoxin Auto Group Days Payable?

Grand Baoxin Auto Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$530 Mil. Grand Baoxin Auto Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$17,008 Mil. Hence, Grand Baoxin Auto Group's Days Payable for the six months ended in Dec. 2023 was 5.69.

The historical rank and industry rank for Grand Baoxin Auto Group's Days Payable or its related term are showing as below:

HKSE:01293' s Days Payable Range Over the Past 10 Years
Min: 1.62 Med: 4.21 Max: 5.91
Current: 5.5

During the past 13 years, Grand Baoxin Auto Group's highest Days Payable was 5.91. The lowest was 1.62. And the median was 4.21.

HKSE:01293's Days Payable is ranked worse than
98.26% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs HKSE:01293: 5.50

Grand Baoxin Auto Group's Days Payable increased from Dec. 2022 (4.25) to Dec. 2023 (5.69). It may suggest that Grand Baoxin Auto Group delayed paying its suppliers.

Grand Baoxin Auto Group Days Payable Historical Data

The historical data trend for Grand Baoxin Auto Group'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.

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Grand Baoxin Auto Group Days Payable Chart

Grand Baoxin Auto Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3.84

4.26

4.14

4.69

5.91

Grand Baoxin Auto Group 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															4.42	5.39	4.25	4.89	5.69

Competitive Comparison of Grand Baoxin Auto Group's Days Payable

For the Auto & Truck Dealerships subindustry, Grand Baoxin Auto Group'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.

Grand Baoxin Auto Group's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Grand Baoxin Auto Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Grand Baoxin Auto Group's Days Payable falls into.

Grand Baoxin Auto Group 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.

Grand Baoxin Auto Group'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
=	( (453.278	+	630.249)	/	2 )	/	33483.16	*	365
=	541.7635					/	33483.16	*	365
=	5.91

Grand Baoxin Auto Group'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
=	( (430.385	+	630.249)	/	2 )	/	17008.301	*	365 / 2
=	530.317					/	17008.301	*	365 / 2
=	5.69

Grand Baoxin Auto Group Days Payable Related Terms

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Grand Baoxin Auto Group (HKSE:01293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Grand Baoxin Auto Group Ltd (HKSE:01293) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GBXXY:USA

Address

No. 3998 Hongxin Road, Grand Baoxin Building, Minhang District, Shanghai, CHN

Website

http://www.klbaoxin.com

Grand Baoxin Auto Group Ltd is an automobile sales and service group which focuses on mid-and-high end brands as well as luxury and ultra-luxury brands. It has only one reportable segment being the Sale of Motor Vehicles and the Provision of Related Services. The company offers a full range of integrated services, providing a range of services including new car sales, after-sales maintenance, auto beauty modification, used car sales, auto insurance business, auto parts sales, and other automotive-related product sales. The company's car brand portfolio comprises of Audi, Jaguar Land Rover, Volvo, Cadillac, Chrysler, Alfa Romeo, Porsche, Rolls Royce, and others. The company operates in Mainland China.

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