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ADD Industry (Zhejiang) (SHSE:603089) Days Payable : 142.43 (As of Mar. 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 Mar. 2024 was ¥482 Mil. ADD Industry (Zhejiang)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ¥309 Mil. Hence, ADD Industry (Zhejiang)'s Days Payable for the three months ended in Mar. 2024 was 142.43.

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: 112.98   Med: 155.03   Max: 178.05
Current: 112.98

During the past 12 years, ADD Industry (Zhejiang)'s highest Days Payable was 178.05. The lowest was 112.98. And the median was 155.03.

SHSE:603089's Days Payable is ranked better than
77.11% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SHSE:603089: 112.98

ADD Industry (Zhejiang)'s Days Payable declined from Mar. 2023 (161.28) to Mar. 2024 (142.43). It may suggest that ADD Industry (Zhejiang) accelerated 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.

* Premium members only.

ADD Industry (Zhejiang) Days Payable Chart

ADD Industry (Zhejiang) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 172.50 145.81 132.53 135.23 129.29

ADD Industry (Zhejiang) 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 161.28 101.41 107.80 111.43 142.43

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.



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. 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
=( (445.047 + 494.757) / 2 ) / 1326.538*365
=469.902 / 1326.538*365
=129.29

ADD Industry (Zhejiang)'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
=( (494.757 + 468.705) / 2 ) / 308.624*365 / 4
=481.731 / 308.624*365 / 4
=142.43

* 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.


ADD Industry (Zhejiang) Days Payable Related Terms

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ADD Industry (Zhejiang) (SHSE:603089) Business Description

Traded in Other Exchanges
N/A
Address
38-88 shuanggang road, Zhejiang Province, Yuhuan County, CHN, 317600
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) (SHSE:603089) Headlines

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