Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Days Payable : 86.85 (As of Jun. 2024)

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What is Shanghai Automobile Air-Conditioner Accessories Co Days Payable?

Shanghai Automobile Air-Conditioner Accessories Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥418 Mil. Shanghai Automobile Air-Conditioner Accessories Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥439 Mil. Hence, Shanghai Automobile Air-Conditioner Accessories Co's Days Payable for the three months ended in Jun. 2024 was 86.85.

The historical rank and industry rank for Shanghai Automobile Air-Conditioner Accessories Co's Days Payable or its related term are showing as below:

SHSE:603107' s Days Payable Range Over the Past 10 Years
Min: 96.38 Med: 103.65 Max: 117.52
Current: 96.43

During the past 7 years, Shanghai Automobile Air-Conditioner Accessories Co's highest Days Payable was 117.52. The lowest was 96.38. And the median was 103.65.

SHSE:603107's Days Payable is ranked better than
71.1% of 1277 companies
in the Vehicles & Parts industry
Industry Median: 65.91 vs SHSE:603107: 96.43

Shanghai Automobile Air-Conditioner Accessories Co's Days Payable declined from Jun. 2023 (93.45) to Jun. 2024 (86.85). It may suggest that Shanghai Automobile Air-Conditioner Accessories Co accelerated paying its suppliers.

Shanghai Automobile Air-Conditioner Accessories Co Days Payable Historical Data

The historical data trend for Shanghai Automobile Air-Conditioner Accessories 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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Shanghai Automobile Air-Conditioner Accessories Co Days Payable Chart

Shanghai Automobile Air-Conditioner Accessories Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

103.65

117.52

102.71

109.35

116.53

Shanghai Automobile Air-Conditioner Accessories Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial										93.45	93.15	101.67	116.55	86.85

Competitive Comparison of Shanghai Automobile Air-Conditioner Accessories Co's Days Payable

For the Auto Parts subindustry, Shanghai Automobile Air-Conditioner Accessories 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.

Shanghai Automobile Air-Conditioner Accessories Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Automobile Air-Conditioner Accessories Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Automobile Air-Conditioner Accessories Co's Days Payable falls into.

Shanghai Automobile Air-Conditioner Accessories 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.

Shanghai Automobile Air-Conditioner Accessories 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
=	( (441.364	+	524.159)	/	2 )	/	1512.178	*	365
=	482.7615					/	1512.178	*	365
=	116.53

Shanghai Automobile Air-Conditioner Accessories 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
=	( (430.57	+	405.696)	/	2 )	/	439.314	*	365 / 4
=	418.133					/	439.314	*	365 / 4
=	86.85

Shanghai Automobile Air-Conditioner Accessories Co Days Payable Related Terms

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Shanghai Automobile Air-Conditioner Accessories Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Automobile Air-Conditioner Accessories Co Ltd (SHSE:603107) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1188, Lianxi Road, Pudong New Area, Shanghai, CHN, 201204

Website

Shanghai Automobile Air-Conditioner Accessories Co Ltd is engaged in research & development, production and sales of automobile parts such as air conditioning pipes and fuel distribution pipes.

Shanghai Automobile Air-Conditioner Accessories Co Headlines

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