Yixin Group (HKSE:02858) Days Payable : 75.71 (As of Dec. 2023)

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What is Yixin Group Days Payable?

Yixin Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$916 Mil. Yixin Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,207 Mil. Hence, Yixin Group's Days Payable for the six months ended in Dec. 2023 was 75.71.

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

HKSE:02858' s Days Payable Range Over the Past 10 Years
Min: 71 Med: 103.8 Max: 454.39
Current: 89.63

During the past 10 years, Yixin Group's highest Days Payable was 454.39. The lowest was 71.00. And the median was 103.80.

HKSE:02858's Days Payable is ranked better than
64.44% of 284 companies
in the Credit Services industry
Industry Median: 48.93 vs HKSE:02858: 89.63

Yixin Group's Days Payable declined from Dec. 2022 (102.51) to Dec. 2023 (75.71). It may suggest that Yixin Group accelerated paying its suppliers.

Yixin Group Days Payable Historical Data

The historical data trend for Yixin 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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Yixin Group Days Payable Chart

Yixin Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.00

78.50

89.89

112.89

93.43

Yixin Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial													88.25	88.57	102.51	104.81	75.71

Competitive Comparison of Yixin Group's Days Payable

For the Credit Services subindustry, Yixin 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.

Yixin Group's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Yixin Group's Days Payable distribution charts can be found below:

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

Yixin 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.

Yixin 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
=	( (939.549	+	986.027)	/	2 )	/	3761.312	*	365
=	962.788					/	3761.312	*	365
=	93.43

Yixin Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (845.427	+	986.027)	/	2 )	/	2207.341	*	365 / 2
=	915.727					/	2207.341	*	365 / 2
=	75.71

Yixin Group Days Payable Related Terms

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Yixin Group (HKSE:02858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yixin Group Ltd (HKSE:02858) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1YX:Germany

Address

No. 365 Linhong Road, 1 North, Zhongguancun Hongqiao Innovation Center, Changning District, Shanghai, CHN

Website

http://www.yixincars.com

Yixin Group Ltd is an online automobile retail transaction platform in China. The company operates in two segments namely Transaction platform services and Self-operated financing business. The transaction platform segment is comprised of facilitation and value-added services, and advertising and subscription services. Self-operated financing segment comprises financing lease services and operating lease services. The company generates a majority of its revenue from the Self-operated financing business.

Yixin Group (HKSE:02858) Headlines

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