Wuxi Xinan Technology Co (SZSE:301170) Days Payable : 75.98 (As of Mar. 2024)

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What is Wuxi Xinan Technology Co Days Payable?

Wuxi Xinan Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥179 Mil. Wuxi Xinan Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥215 Mil. Hence, Wuxi Xinan Technology Co's Days Payable for the three months ended in Mar. 2024 was 75.98.

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

SZSE:301170' s Days Payable Range Over the Past 10 Years
Min: 77.78 Med: 87.15 Max: 107.79
Current: 77.78

During the past 6 years, Wuxi Xinan Technology Co's highest Days Payable was 107.79. The lowest was 77.78. And the median was 87.15.

SZSE:301170's Days Payable is ranked better than
59.08% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 66.66 vs SZSE:301170: 77.78

Wuxi Xinan Technology Co's Days Payable declined from Mar. 2023 (76.22) to Mar. 2024 (75.98). It may suggest that Wuxi Xinan Technology Co accelerated paying its suppliers.

Wuxi Xinan Technology Co Days Payable Historical Data

The historical data trend for Wuxi Xinan 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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Wuxi Xinan Technology Co Days Payable Chart

Wuxi Xinan Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

90.91

91.66

83.39

81.56

80.53

Wuxi Xinan Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										76.22	85.15	80.76	77.50	75.98

Competitive Comparison of Wuxi Xinan Technology Co's Days Payable

For the Auto Parts subindustry, Wuxi Xinan 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.

Wuxi Xinan Technology Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Wuxi Xinan Technology Co's Days Payable falls into.

Wuxi Xinan 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.

Wuxi Xinan 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
=	( (164.58	+	193.002)	/	2 )	/	810.362	*	365
=	178.791					/	810.362	*	365
=	80.53

Wuxi Xinan 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
=	( (193.002	+	164.272)	/	2 )	/	214.538	*	365 / 4
=	178.637					/	214.538	*	365 / 4
=	75.98

Wuxi Xinan Technology Co Days Payable Related Terms

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Wuxi Xinan Technology Co (SZSE:301170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wuxi Xinan Technology Co Ltd (SZSE:301170) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Xutian Wisdom Park, Room 10-501, Binhu, Jiangsu, Wuxi, CHN, 214000

Website

http://www.xinan-technology.com

Wuxi Xinan Technology Co Ltd is deeply involved in the auto parts business for more than 20 years, and the company's leading business is aluminum alloy auto parts. The current turbocharger compressor housing is the core product, and it is focusing on the research and development and production of key components for new energy vehicles such as hydrogen fuel power and hybrid vehicles. The company's products are widely used in terminal OEM customers such as Volkswagen, Audi, Mercedes-Benz, BMW, GM, Ford, Toyota, and Honda.

Wuxi Xinan Technology Co (SZSE:301170) Headlines

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