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Ningbo Jifeng Auto Parts Co (SHSE:603997) Days Payable : 87.68 (As of Mar. 2024)


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What is Ningbo Jifeng Auto Parts Co Days Payable?

Ningbo Jifeng Auto Parts Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥4,334 Mil. Ningbo Jifeng Auto Parts Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,511 Mil. Hence, Ningbo Jifeng Auto Parts Co's Days Payable for the three months ended in Mar. 2024 was 87.68.

The historical rank and industry rank for Ningbo Jifeng Auto Parts Co's Days Payable or its related term are showing as below:

SHSE:603997' s Days Payable Range Over the Past 10 Years
Min: 60.56   Med: 73   Max: 108.78
Current: 74.96

During the past 13 years, Ningbo Jifeng Auto Parts Co's highest Days Payable was 108.78. The lowest was 60.56. And the median was 73.00.

SHSE:603997's Days Payable is ranked better than
57.22% of 1260 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SHSE:603997: 74.96

Ningbo Jifeng Auto Parts Co's Days Payable increased from Mar. 2023 (61.67) to Mar. 2024 (87.68). It may suggest that Ningbo Jifeng Auto Parts Co delayed paying its suppliers.


Ningbo Jifeng Auto Parts Co Days Payable Historical Data

The historical data trend for Ningbo Jifeng Auto Parts 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.

* Premium members only.

Ningbo Jifeng Auto Parts Co Days Payable Chart

Ningbo Jifeng Auto Parts Co 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 71.45 70.16 60.56 61.03 71.06

Ningbo Jifeng Auto Parts Co 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 61.67 63.89 70.88 78.82 87.68

Competitive Comparison of Ningbo Jifeng Auto Parts Co's Days Payable

For the Auto Parts subindustry, Ningbo Jifeng Auto Parts 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.


Ningbo Jifeng Auto Parts Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Ningbo Jifeng Auto Parts Co's Days Payable falls into.



Ningbo Jifeng Auto Parts 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.

Ningbo Jifeng Auto Parts 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
=( (2881.977 + 4277.612) / 2 ) / 18388.848*365
=3579.7945 / 18388.848*365
=71.06

Ningbo Jifeng Auto Parts Co'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
=( (4277.612 + 4391.214) / 2 ) / 4510.897*365 / 4
=4334.413 / 4510.897*365 / 4
=87.68

* 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.


Ningbo Jifeng Auto Parts Co Days Payable Related Terms

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Ningbo Jifeng Auto Parts Co (SHSE:603997) Business Description

Traded in Other Exchanges
N/A
Address
No.17, Datunhe Road, Beilun District, Zhejiang, Ningbo City, CHN, 315800
Ningbo Jifeng Auto Parts Co Ltd is principally engaged in development, manufacture, and sale of passenger car seat. The company offers automotive seat headrest and armrest assemblies, and headrest and door stems.
Executives
Feng Dian Director
Li Na Director
Wang Hao Director
Zheng Ying Director
Zheng Cheng Wen Supervisors
Xiao Hua Feng senior management
Ma Jin Yan senior management

Ningbo Jifeng Auto Parts Co (SHSE:603997) Headlines

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