Lisheng Sports (Shanghai) Co (SZSE:002858) Days Payable : 57.71 (As of Mar. 2024)

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What is Lisheng Sports (Shanghai) Co Days Payable?

Lisheng Sports (Shanghai) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥43.0 Mil. Lisheng Sports (Shanghai) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥68.0 Mil. Hence, Lisheng Sports (Shanghai) Co's Days Payable for the three months ended in Mar. 2024 was 57.71.

The historical rank and industry rank for Lisheng Sports (Shanghai) Co's Days Payable or its related term are showing as below:

SZSE:002858' s Days Payable Range Over the Past 10 Years
Min: 43.14 Med: 63.54 Max: 126.61
Current: 43.14

During the past 13 years, Lisheng Sports (Shanghai) Co's highest Days Payable was 126.61. The lowest was 43.14. And the median was 63.54.

SZSE:002858's Days Payable is ranked worse than
69.21% of 932 companies
in the Media - Diversified industry
Industry Median: 79.485 vs SZSE:002858: 43.14

Lisheng Sports (Shanghai) Co's Days Payable declined from Mar. 2023 (75.91) to Mar. 2024 (57.71). It may suggest that Lisheng Sports (Shanghai) Co accelerated paying its suppliers.

Lisheng Sports (Shanghai) Co Days Payable Historical Data

The historical data trend for Lisheng Sports (Shanghai) 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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Lisheng Sports (Shanghai) Co Days Payable Chart

Lisheng Sports (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

69.00

126.61

78.23

76.52

57.31

Lisheng Sports (Shanghai) 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															75.91	51.45	39.61	34.04	57.71

Competitive Comparison of Lisheng Sports (Shanghai) Co's Days Payable

For the Entertainment subindustry, Lisheng Sports (Shanghai) 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.

Lisheng Sports (Shanghai) Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Lisheng Sports (Shanghai) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Lisheng Sports (Shanghai) Co's Days Payable falls into.

Lisheng Sports (Shanghai) 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.

Lisheng Sports (Shanghai) 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
=	( (53.423	+	45.962)	/	2 )	/	316.489	*	365
=	49.6925					/	316.489	*	365
=	57.31

Lisheng Sports (Shanghai) 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
=	( (45.962	+	40.059)	/	2 )	/	68.012	*	365 / 4
=	43.0105					/	68.012	*	365 / 4
=	57.71

Lisheng Sports (Shanghai) Co Days Payable Related Terms

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Lisheng Sports (Shanghai) Co (SZSE:002858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Lisheng Sports (Shanghai) Co Ltd (SZSE:002858) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3000 Shenzhuan Road, Sheshan Town, Songjiang District, Shanghai, CHN, 200335

Website

http://www.lsracing.cn

Lisheng Sports (Shanghai) Co Ltd operates as car sports and racing culture media company. Its business activities include planning, organizing, and operation of events; operation of various types of motorsports venues; racing team; racing training center; and provides customers with marketing strategies and solutions.

Executives

Lin Chao Yang	Director
Xia Qing	Director
Cao Chuan De	Director
Chen Ping	Executives
Gong Lei	Director

Lisheng Sports (Shanghai) Co (SZSE:002858) Headlines

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