Harbin VITI Electronic Co (SHSE:603023) Days Payable : 78.87 (As of Jun. 2024)

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What is Harbin VITI Electronic Co Days Payable?

Harbin VITI Electronic Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥9.60 Mil. Harbin VITI Electronic Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥11.11 Mil. Hence, Harbin VITI Electronic Co's Days Payable for the three months ended in Jun. 2024 was 78.87.

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

SHSE:603023' s Days Payable Range Over the Past 10 Years
Min: 71.11 Med: 175.16 Max: 204.96
Current: 71.11

During the past 13 years, Harbin VITI Electronic Co's highest Days Payable was 204.96. The lowest was 71.11. And the median was 175.16.

SHSE:603023's Days Payable is ranked better than
53.91% of 1280 companies
in the Vehicles & Parts industry
Industry Median: 65.905 vs SHSE:603023: 71.11

Harbin VITI Electronic Co's Days Payable declined from Jun. 2023 (107.37) to Jun. 2024 (78.87). It may suggest that Harbin VITI Electronic Co accelerated paying its suppliers.

Harbin VITI Electronic Co Days Payable Historical Data

The historical data trend for Harbin VITI Electronic 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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Harbin VITI Electronic Co Days Payable Chart

Harbin VITI Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

195.52

175.48

137.40

174.83

150.44

Harbin VITI Electronic Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															107.37	74.14	77.07	57.27	78.87

Competitive Comparison of Harbin VITI Electronic Co's Days Payable

For the Auto Parts subindustry, Harbin VITI Electronic 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.

Harbin VITI Electronic Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Harbin VITI Electronic Co's Days Payable falls into.

Harbin VITI Electronic 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.

Harbin VITI Electronic 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
=	( (25.887	+	7.323)	/	2 )	/	40.287	*	365
=	16.605					/	40.287	*	365
=	150.44

Harbin VITI Electronic Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (9.528	+	9.68)	/	2 )	/	11.112	*	365 / 4
=	9.604					/	11.112	*	365 / 4
=	78.87

Harbin VITI Electronic Co Days Payable Related Terms

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Harbin VITI Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Harbin VITI Electronic Co Ltd (SHSE:603023) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 11 West Haping Road, High-tech Development District, Heilongjiang Province, Harbin, CHN, 150060

Website

http://www.viti.net.cn

Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.

Executives

Wu Peng Cheng	senior management
Cui Jian Min	senior management
Chen Zhen Hua	Directors, senior managers
Yu Qiong	senior management
Bai Zhe Song	Director
Zhou Bao Tian	Supervisors
Liu Guo Ping	Director
Lv You Gang	senior management

Harbin VITI Electronic Co Headlines

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