ADD Industry (Zhejiang) (SHSE:603089) Days Payable : 125.39 (As of Dec. 2024)

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What is ADD Industry (Zhejiang) Days Payable?

ADD Industry (Zhejiang)'s average Accounts Payable for the three months ended in Dec. 2024 was ¥698 Mil. ADD Industry (Zhejiang)'s Cost of Goods Sold for the three months ended in Dec. 2024 was ¥508 Mil. Hence, ADD Industry (Zhejiang)'s Days Payable for the three months ended in Dec. 2024 was 125.39.

The historical rank and industry rank for ADD Industry (Zhejiang)'s Days Payable or its related term are showing as below:

SHSE:603089' s Days Payable Range Over the Past 10 Years
Min: 122.19 Med: 149.86 Max: 178.05
Current: 122.19

During the past 13 years, ADD Industry (Zhejiang)'s highest Days Payable was 178.05. The lowest was 122.19. And the median was 149.86.

SHSE:603089's Days Payable is ranked better than
79.1% of 1287 companies
in the Vehicles & Parts industry
Industry Median: 65.28 vs SHSE:603089: 122.19

ADD Industry (Zhejiang)'s Days Payable increased from Dec. 2023 (110.00) to Dec. 2024 (125.39). It may suggest that ADD Industry (Zhejiang) delayed paying its suppliers.

ADD Industry (Zhejiang) Days Payable Historical Data

The historical data trend for ADD Industry (Zhejiang)'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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ADD Industry (Zhejiang) Days Payable Chart

ADD Industry (Zhejiang) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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145.81

132.53

135.23

128.81

132.31

ADD Industry (Zhejiang) Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															110.00	142.43	111.94	106.55	125.39

Competitive Comparison of ADD Industry (Zhejiang)'s Days Payable

For the Auto Parts subindustry, ADD Industry (Zhejiang)'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.

ADD Industry (Zhejiang)'s Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ADD Industry (Zhejiang)'s Days Payable distribution charts can be found below:

* The bar in red indicates where ADD Industry (Zhejiang)'s Days Payable falls into.

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ADD Industry (Zhejiang) 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.

ADD Industry (Zhejiang)'s Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (494.757	+	772.365)	/	2 )	/	1747.742	*	365
=	633.561					/	1747.742	*	365
=	132.31

ADD Industry (Zhejiang)'s Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (624.193	+	772.365)	/	2 )	/	508.142	*	365 / 4
=	698.279					/	508.142	*	365 / 4
=	125.39

ADD Industry (Zhejiang) Days Payable Related Terms

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ADD Industry (Zhejiang) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ADD Industry (Zhejiang) Corp Ltd (SHSE:603089) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1, Zhengyu Road, Economic Development Zone, Zhejiang Province, Yuhuan, CHN, 317607

Website

http://www.addchina.com

ADD Industry (Zhejiang) Corp Ltd manufactures and sells shock absorbers for vehicle suspension system. It offers twin-tube shock absorbers, strut cartridges, shock absorbers with spring seat, struts, airbag shock absorbers, strut assemblies, steering dampers, adjustable shock absorbers, and cabin dampers for passenger and commercial vehicles.

Executives

Zheng Lian Ping	Director
Liu Yong	Director
Ye Wei Ming	Supervisors
Chen Ling Hui	Directors, senior managers
Zheng Nian Hui	Director

ADD Industry (Zhejiang) Headlines

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