Ningbo Yibin Electronic Technology Co (SZSE:001278) Days Payable : 291.62 (As of Mar. 2024)

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What is Ningbo Yibin Electronic Technology Co Days Payable?

Ningbo Yibin Electronic Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,185 Mil. Ningbo Yibin Electronic Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥371 Mil. Hence, Ningbo Yibin Electronic Technology Co's Days Payable for the three months ended in Mar. 2024 was 291.62.

The historical rank and industry rank for Ningbo Yibin Electronic Technology Co's Days Payable or its related term are showing as below:

SZSE:001278' s Days Payable Range Over the Past 10 Years
Min: 230.7 Med: 271.67 Max: 287.27
Current: 230.7

During the past 6 years, Ningbo Yibin Electronic Technology Co's highest Days Payable was 287.27. The lowest was 230.70. And the median was 271.67.

SZSE:001278's Days Payable is ranked better than
94.22% of 1264 companies
in the Vehicles & Parts industry
Industry Median: 66.61 vs SZSE:001278: 230.70

Ningbo Yibin Electronic Technology Co's Days Payable increased from Mar. 2023 (286.59) to Mar. 2024 (291.62). It may suggest that Ningbo Yibin Electronic Technology Co delayed paying its suppliers.

Ningbo Yibin Electronic Technology Co Days Payable Historical Data

The historical data trend for Ningbo Yibin Electronic 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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Ningbo Yibin Electronic Technology Co Days Payable Chart

Ningbo Yibin Electronic Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

287.27

269.00

274.33

237.24

249.74

Ningbo Yibin Electronic Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									286.59	209.13	228.19	200.68	291.62

Competitive Comparison of Ningbo Yibin Electronic Technology Co's Days Payable

For the Auto Parts subindustry, Ningbo Yibin Electronic 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.

Ningbo Yibin Electronic Technology Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Ningbo Yibin Electronic Technology Co's Days Payable falls into.

Ningbo Yibin Electronic 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.

Ningbo Yibin Electronic 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
=	( (1022.542	+	1192.096)	/	2 )	/	1618.338	*	365
=	1107.319					/	1618.338	*	365
=	249.74

Ningbo Yibin Electronic Technology 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
=	( (1192.096	+	1178.867)	/	2 )	/	370.942	*	365 / 4
=	1185.4815					/	370.942	*	365 / 4
=	291.62

Ningbo Yibin Electronic Technology Co Days Payable Related Terms

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Ningbo Yibin Electronic Technology Co (SZSE:001278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Yibin Electronic Technology Co Ltd (SZSE:001278) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Industrial Park on the East Side of Xingye North Road, Zhouxiang Town, Zhejiang Province, Cixi, CHN, 315324

Website

https://www.iyu-china.com

Ningbo Yibin Electronic Technology Co Ltd is engaged in the parts supporting field for passenger car market.

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