Cheche Group (Cheche Group) Days Payable : 27.01 (As of Dec. 2022)

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What is Cheche Group Days Payable?

Cheche Group's average Accounts Payable for the six months ended in Dec. 2022 was $30.6 Mil. Cheche Group's Cost of Goods Sold for the six months ended in Dec. 2022 was $206.8 Mil. Hence, Cheche Group's Days Payable for the six months ended in Dec. 2022 was 27.01.

The historical rank and industry rank for Cheche Group's Days Payable or its related term are showing as below:

CCG' s Days Payable Range Over the Past 10 Years
Min: 30.54 Med: 31.72 Max: 39.77
Current: 37.92

During the past 3 years, Cheche Group's highest Days Payable was 39.77. The lowest was 30.54. And the median was 31.72.

CCG's Days Payable is ranked worse than
63.82% of 434 companies
in the Interactive Media industry
Industry Median: 62.09 vs CCG: 37.92

Cheche Group's Days Payable declined from Dec. 2021 (33.99) to Dec. 2022 (27.01). It may suggest that Cheche Group accelerated paying its suppliers.

Cheche Group Days Payable Historical Data

The historical data trend for Cheche Group'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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Cheche Group Days Payable Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

39.77

30.54

31.72

Cheche Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
Days Payable	-	33.99	31.77	27.01	-

Competitive Comparison of Cheche Group's Days Payable

For the Internet Content & Information subindustry, Cheche Group'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.

Cheche Group's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Cheche Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Cheche Group's Days Payable falls into.

Cheche Group 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.

Cheche Group'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
=	( (32.583	+	44.378)	/	2 )	/	442.732	*	365
=	38.4805					/	442.732	*	365
=	31.72

Cheche Group's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (28.63	+	32.583)	/	2 )	/	206.81	*	365 / 2
=	30.6065					/	206.81	*	365 / 2
=	27.01

Cheche Group Days Payable Related Terms

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Cheche Group (Cheche Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

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