Jiangsu NanFang Precision Co (SZSE:002553) Days Payable : 91.02 (As of Mar. 2024)

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What is Jiangsu NanFang Precision Co Days Payable?

Jiangsu NanFang Precision Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥107.9 Mil. Jiangsu NanFang Precision Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥108.2 Mil. Hence, Jiangsu NanFang Precision Co's Days Payable for the three months ended in Mar. 2024 was 91.02.

The historical rank and industry rank for Jiangsu NanFang Precision Co's Days Payable or its related term are showing as below:

SZSE:002553' s Days Payable Range Over the Past 10 Years
Min: 71.34 Med: 84.23 Max: 98.31
Current: 81.29

During the past 13 years, Jiangsu NanFang Precision Co's highest Days Payable was 98.31. The lowest was 71.34. And the median was 84.23.

SZSE:002553's Days Payable is ranked better than
61.37% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 66.61 vs SZSE:002553: 81.29

Jiangsu NanFang Precision Co's Days Payable declined from Mar. 2023 (93.20) to Mar. 2024 (91.02). It may suggest that Jiangsu NanFang Precision Co accelerated paying its suppliers.

Jiangsu NanFang Precision Co Days Payable Historical Data

The historical data trend for Jiangsu NanFang Precision 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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Jiangsu NanFang Precision Co Days Payable Chart

Jiangsu NanFang Precision Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

91.14

98.31

85.83

86.92

87.84

Jiangsu NanFang Precision 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															93.20	80.80	78.46	79.14	91.02

Competitive Comparison of Jiangsu NanFang Precision Co's Days Payable

For the Auto Parts subindustry, Jiangsu NanFang Precision 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.

Jiangsu NanFang Precision Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Jiangsu NanFang Precision Co's Days Payable falls into.

Jiangsu NanFang Precision 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.

Jiangsu NanFang Precision 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
=	( (99.531	+	112.599)	/	2 )	/	440.707	*	365
=	106.065					/	440.707	*	365
=	87.84

Jiangsu NanFang Precision 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
=	( (112.599	+	103.196)	/	2 )	/	108.176	*	365 / 4
=	107.8975					/	108.176	*	365 / 4
=	91.02

Jiangsu NanFang Precision Co Days Payable Related Terms

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Jiangsu NanFang Precision Co (SZSE:002553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangsu NanFang Precision Co Ltd (SZSE:002553) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 9 Longxiang Road, Wujin High-Tech Development Zone, Jiangsu, Changzhou, CHN, 213164

Website

https://www.nf-precision.com

Jiangsu NanFang Precision Co Ltd is engaged in the manufacturing and research and development of bearings and related parts in the transmission field. Its products include Needle Bearing, One-way Clutch, OAP, and Precision Machined Parts for automobile and motorcycle, and Industry.

Executives

Xu Wei Nan	Director
Zhu Chen	Supervisors
Zhou Xiao Yan	Supervisors
Zhou Xue Gang	Directors, executives
Wei Dong	Director
Cai Wei Dong	Secretary Dong
Shi Yan Min	Executives
Shi Jian Wei	Directors, executives
Jiang Xu Feng	Directors, executives
Shi Juan Hua	Director

Jiangsu NanFang Precision Co (SZSE:002553) Headlines

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