Xiamen King Long Motor Group Co (SHSE:600686) Days Payable : 331.35 (As of Mar. 2024)

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What is Xiamen King Long Motor Group Co Days Payable?

Xiamen King Long Motor Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥12,619 Mil. Xiamen King Long Motor Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,475 Mil. Hence, Xiamen King Long Motor Group Co's Days Payable for the three months ended in Mar. 2024 was 331.35.

The historical rank and industry rank for Xiamen King Long Motor Group Co's Days Payable or its related term are showing as below:

SHSE:600686' s Days Payable Range Over the Past 10 Years
Min: 210.2 Med: 283.59 Max: 344.38
Current: 279.06

During the past 13 years, Xiamen King Long Motor Group Co's highest Days Payable was 344.38. The lowest was 210.20. And the median was 283.59.

SHSE:600686's Days Payable is ranked better than
96.2% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 65.86 vs SHSE:600686: 279.06

Xiamen King Long Motor Group Co's Days Payable declined from Mar. 2023 (368.81) to Mar. 2024 (331.35). It may suggest that Xiamen King Long Motor Group Co accelerated paying its suppliers.

Xiamen King Long Motor Group Co Days Payable Historical Data

The historical data trend for Xiamen King Long Motor Group 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.

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Xiamen King Long Motor Group Co Days Payable Chart

Xiamen King Long Motor Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

291.45

344.38

291.91

282.01

277.72

Xiamen King Long Motor Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															368.81	246.09	303.20	257.98	331.35

Competitive Comparison of Xiamen King Long Motor Group Co's Days Payable

For the Auto Manufacturers subindustry, Xiamen King Long Motor Group 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.

Xiamen King Long Motor Group Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Xiamen King Long Motor Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xiamen King Long Motor Group Co's Days Payable falls into.

Xiamen King Long Motor Group 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.

Xiamen King Long Motor Group 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
=	( (13431.555	+	12676.754)	/	2 )	/	17156.479	*	365
=	13054.1545					/	17156.479	*	365
=	277.72

Xiamen King Long Motor Group Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (12676.754	+	12561.053)	/	2 )	/	3475.128	*	365 / 4
=	12618.9035					/	3475.128	*	365 / 4
=	331.35

Xiamen King Long Motor Group Co Days Payable Related Terms

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Xiamen King Long Motor Group Co (SHSE:600686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xiamen King Long Motor Group Co Ltd (SHSE:600686) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 31, Donggang North Road, Huli Street, Huli District, Xiamen, CHN, 361012

Website

http://www.xmklm.com.cn

Xiamen King Long Motor Group Co Ltd is a China-based global bus manufacturing group. The Company's products mainly include large-size, medium-size and light passenger buses, which are widely used in passenger, tourism, public transportation, group and special vehicles markets.

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