Nanjing Chervon Auto Precision Technology Co (SHSE:603982) Days Payable : 71.97 (As of Sep. 2024)

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What is Nanjing Chervon Auto Precision Technology Co Days Payable?

Nanjing Chervon Auto Precision Technology Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥435 Mil. Nanjing Chervon Auto Precision Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥551 Mil. Hence, Nanjing Chervon Auto Precision Technology Co's Days Payable for the three months ended in Sep. 2024 was 71.97.

The historical rank and industry rank for Nanjing Chervon Auto Precision Technology Co's Days Payable or its related term are showing as below:

SHSE:603982' s Days Payable Range Over the Past 10 Years
Min: 56.53 Med: 83.04 Max: 108.7
Current: 87.22

During the past 10 years, Nanjing Chervon Auto Precision Technology Co's highest Days Payable was 108.70. The lowest was 56.53. And the median was 83.04.

SHSE:603982's Days Payable is ranked better than
66.69% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 66.34 vs SHSE:603982: 87.22

Nanjing Chervon Auto Precision Technology Co's Days Payable declined from Sep. 2023 (105.55) to Sep. 2024 (71.97). It may suggest that Nanjing Chervon Auto Precision Technology Co accelerated paying its suppliers.

Nanjing Chervon Auto Precision Technology Co Days Payable Historical Data

The historical data trend for Nanjing Chervon Auto Precision Technology 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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Nanjing Chervon Auto Precision Technology Co Days Payable Chart

Nanjing Chervon Auto Precision Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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94.36

108.70

100.23

105.70

94.46

Nanjing Chervon Auto Precision Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															105.55	95.74	92.12	77.00	71.97

Competitive Comparison of Nanjing Chervon Auto Precision Technology Co's Days Payable

For the Auto Parts subindustry, Nanjing Chervon Auto Precision Technology 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.

Nanjing Chervon Auto Precision Technology Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nanjing Chervon Auto Precision Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nanjing Chervon Auto Precision Technology Co's Days Payable falls into.

Nanjing Chervon Auto Precision Technology 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.

Nanjing Chervon Auto Precision Technology 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
=	( (565.775	+	539.854)	/	2 )	/	2136.21	*	365
=	552.8145					/	2136.21	*	365
=	94.46

Nanjing Chervon Auto Precision Technology Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (400.093	+	469.187)	/	2 )	/	551.103	*	365 / 4
=	434.64					/	551.103	*	365 / 4
=	71.97

Nanjing Chervon Auto Precision Technology Co Days Payable Related Terms

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Nanjing Chervon Auto Precision Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nanjing Chervon Auto Precision Technology Co Ltd (SHSE:603982) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 159, Jiangjun Avenue, Fuling Street, Jiangning District, Jiangsu, Nanjing, CHN, 210006

Website

http://www.chervonauto.com

Nanjing Chervon Auto Precision Technology Co Ltd is a China based company operates in automotive business. It is engaged in research, development, production and sales of key automotive components.

Executives

Zhang Lin Hu	senior management
Liu Zhi Wen	senior management

Nanjing Chervon Auto Precision Technology Co Headlines

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