China Automotive Systems (STU:RYV) Days Payable : 120.87 (As of Mar. 2024)

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What is China Automotive Systems Days Payable?

China Automotive Systems's average Accounts Payable for the three months ended in Mar. 2024 was €140.5 Mil. China Automotive Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was €106.1 Mil. Hence, China Automotive Systems's Days Payable for the three months ended in Mar. 2024 was 120.87.

The historical rank and industry rank for China Automotive Systems's Days Payable or its related term are showing as below:

STU:RYV' s Days Payable Range Over the Past 10 Years
Min: 114.66 Med: 125.43 Max: 135.56
Current: 114.66

During the past 13 years, China Automotive Systems's highest Days Payable was 135.56. The lowest was 114.66. And the median was 125.43.

STU:RYV's Days Payable is ranked better than
77.2% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 66.92 vs STU:RYV: 114.66

China Automotive Systems's Days Payable increased from Mar. 2023 (111.34) to Mar. 2024 (120.87). It may suggest that China Automotive Systems delayed paying its suppliers.

China Automotive Systems Days Payable Historical Data

The historical data trend for China Automotive Systems'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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China Automotive Systems Days Payable Chart

China Automotive Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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120.39

137.47

120.32

117.60

121.86

China Automotive Systems 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															111.34	111.60	114.77	114.66	120.87

Competitive Comparison of China Automotive Systems's Days Payable

For the Auto Parts subindustry, China Automotive Systems'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.

China Automotive Systems's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Automotive Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where China Automotive Systems's Days Payable falls into.

China Automotive Systems 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.

China Automotive Systems'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
=	( (142.145	+	147.225)	/	2 )	/	433.377	*	365
=	144.685					/	433.377	*	365
=	121.86

China Automotive Systems'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
=	( (147.225	+	133.861)	/	2 )	/	106.099	*	365 / 4
=	140.543					/	106.099	*	365 / 4
=	120.87

China Automotive Systems Days Payable Related Terms

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China Automotive Systems (STU:RYV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Systems Inc (STU:RYV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CAAS:USA RYV:Germany

Address

No. 1 Henglong Road, Yu Qiao Development Zone, Shashi District, Hubei Province, Jing Zhou, CHN, 434000

Website

http://www.caasauto.com

China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 310 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of revenue from China.

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