Longhorn Auto Co (SZSE:301488) Days Payable : 211.40 (As of Jun. 2024)

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What is Longhorn Auto Co Days Payable?

Longhorn Auto Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥576 Mil. Longhorn Auto Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥249 Mil. Hence, Longhorn Auto Co's Days Payable for the three months ended in Jun. 2024 was 211.40.

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

SZSE:301488' s Days Payable Range Over the Past 10 Years
Min: 190.42 Med: 232.44 Max: 244.76
Current: 190.42

During the past 6 years, Longhorn Auto Co's highest Days Payable was 244.76. The lowest was 190.42. And the median was 232.44.

SZSE:301488's Days Payable is ranked better than
90.99% of 1277 companies
in the Vehicles & Parts industry
Industry Median: 65.91 vs SZSE:301488: 190.42

Longhorn Auto Co's Days Payable increased from Jun. 2023 (182.12) to Jun. 2024 (211.40). It may suggest that Longhorn Auto Co delayed paying its suppliers.

Longhorn Auto Co Days Payable Historical Data

The historical data trend for Longhorn Auto 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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Longhorn Auto Co Days Payable Chart

Longhorn Auto Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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244.76

242.10

225.72

222.92

Longhorn Auto Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial												182.12	154.78	174.15	243.86	211.40

Competitive Comparison of Longhorn Auto Co's Days Payable

For the Auto Parts subindustry, Longhorn Auto 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.

Longhorn Auto Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Longhorn Auto Co's Days Payable falls into.

Longhorn Auto 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.

Longhorn Auto 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
=	( (519.697	+	611.09)	/	2 )	/	925.76	*	365
=	565.3935					/	925.76	*	365
=	222.92

Longhorn Auto Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (579.949	+	571.436)	/	2 )	/	248.5	*	365 / 4
=	575.6925					/	248.5	*	365 / 4
=	211.40

Longhorn Auto Co Days Payable Related Terms

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Longhorn Auto Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Longhorn Auto Co Ltd (SZSE:301488) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Dalang Street, Tongsheng Community, Floor 1, Floor 3, Building A, Building B, Tongfuyu Third Functional Zone, Longhua, Guangdong, Shenzhen, CHN, 518109

Website

http://www.longhorn-auto.com

Longhorn Auto Co Ltd is engaged in Research & development, design, manufacture and sales of automotive intelligent driving perception systems. Its products include technical development of reversing radar, tire pressure gauge, mold, HUD, portable TV, rear view system, electronic body stabilization system, vehicle multimedia, and anti-collision radar.

Longhorn Auto Co Headlines

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