Guangdong Lvtong New Energy Electric Vehicle Technology Co (SZSE:301322) Days Payable : 70.93 (As of Mar. 2024)

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What is Guangdong Lvtong New Energy Electric Vehicle Technology Co Days Payable?

Guangdong Lvtong New Energy Electric Vehicle Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥88.7 Mil. Guangdong Lvtong New Energy Electric Vehicle Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥114.1 Mil. Hence, Guangdong Lvtong New Energy Electric Vehicle Technology Co's Days Payable for the three months ended in Mar. 2024 was 70.93.

The historical rank and industry rank for Guangdong Lvtong New Energy Electric Vehicle Technology Co's Days Payable or its related term are showing as below:

SZSE:301322' s Days Payable Range Over the Past 10 Years
Min: 52.79 Med: 73.89 Max: 88.5
Current: 61.34

During the past 6 years, Guangdong Lvtong New Energy Electric Vehicle Technology Co's highest Days Payable was 88.50. The lowest was 52.79. And the median was 73.89.

SZSE:301322's Days Payable is ranked worse than
53.29% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.81 vs SZSE:301322: 61.34

Guangdong Lvtong New Energy Electric Vehicle Technology Co's Days Payable increased from Mar. 2023 (65.97) to Mar. 2024 (70.93). It may suggest that Guangdong Lvtong New Energy Electric Vehicle Technology Co delayed paying its suppliers.

Guangdong Lvtong New Energy Electric Vehicle Technology Co Days Payable Historical Data

The historical data trend for Guangdong Lvtong New Energy Electric Vehicle 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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Guangdong Lvtong New Energy Electric Vehicle Technology Co Days Payable Chart

Guangdong Lvtong New Energy Electric Vehicle Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

73.75

88.50

74.02

52.79

52.98

Guangdong Lvtong New Energy Electric Vehicle Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												65.97	58.01	61.94	55.79	70.93

Competitive Comparison of Guangdong Lvtong New Energy Electric Vehicle Technology Co's Days Payable

For the Auto Manufacturers subindustry, Guangdong Lvtong New Energy Electric Vehicle 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.

Guangdong Lvtong New Energy Electric Vehicle Technology Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Guangdong Lvtong New Energy Electric Vehicle Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Lvtong New Energy Electric Vehicle Technology Co's Days Payable falls into.

Guangdong Lvtong New Energy Electric Vehicle 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.

Guangdong Lvtong New Energy Electric Vehicle 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
=	( (113.644	+	95.188)	/	2 )	/	719.407	*	365
=	104.416					/	719.407	*	365
=	52.98

Guangdong Lvtong New Energy Electric Vehicle 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
=	( (95.188	+	82.203)	/	2 )	/	114.102	*	365 / 4
=	88.6955					/	114.102	*	365 / 4
=	70.93

Guangdong Lvtong New Energy Electric Vehicle Technology Co Days Payable Related Terms

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Guangdong Lvtong New Energy Electric Vehicle Technology Co (SZSE:301322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guangdong Lvtong New Energy Electric Vehicle Technology Co Ltd (SZSE:301322) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hexi Industrial Zone, Hongmei Town, Guangdong Province, Dongguan, CHN, 523161

Website

http://www.lvtong.com.cn

Guangdong Lvtong New Energy Electric Vehicle Technology Co Ltd is engaged in the research and development, production and sales of field electric vehicles. The company has a series of products such as electric patrol cars, electric fire trucks, electric classic cars, electric antique cars, sightseeing cars, golf sightseeing cars, electric trucks, electric special vehicles which are widely used in domestic scenic spots, golf courses, factories, Real estate, hotels, police patrols, cargo transportation and other places.

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