Differ Group Auto (HKSE:06878) Days Payable : 92.47 (As of Jun. 2023)

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What is Differ Group Auto Days Payable?

Differ Group Auto's average Accounts Payable for the six months ended in Jun. 2023 was HK$426 Mil. Differ Group Auto's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$841 Mil. Hence, Differ Group Auto's Days Payable for the six months ended in Jun. 2023 was 92.47.

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

HKSE:06878' s Days Payable Range Over the Past 10 Years
Min: 32.26 Med: 202.28 Max: 903.35
Current: 111.66

During the past 11 years, Differ Group Auto's highest Days Payable was 903.35. The lowest was 32.26. And the median was 202.28.

HKSE:06878's Days Payable is ranked better than
69.12% of 285 companies
in the Credit Services industry
Industry Median: 48.78 vs HKSE:06878: 111.66

Differ Group Auto's Days Payable declined from Jun. 2022 (247.79) to Jun. 2023 (92.47). It may suggest that Differ Group Auto accelerated paying its suppliers.

Differ Group Auto Days Payable Historical Data

The historical data trend for Differ Group Auto'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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Differ Group Auto Days Payable Chart

Differ Group Auto Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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217.65

89.49

32.26

202.28

178.51

Differ Group Auto Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															413.70	126.18	247.79	137.06	92.47

Competitive Comparison of Differ Group Auto's Days Payable

For the Credit Services subindustry, Differ Group Auto'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.

Differ Group Auto's Days Payable Distribution in the Credit Services Industry

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

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

Differ Group Auto 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.

Differ Group Auto's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (503.371	+	441.972)	/	2 )	/	966.452	*	365
=	472.6715					/	966.452	*	365
=	178.51

Differ Group Auto's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (441.972	+	410.624)	/	2 )	/	841.308	*	365 / 2
=	426.298					/	841.308	*	365 / 2
=	92.47

Differ Group Auto Days Payable Related Terms

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Differ Group Auto (HKSE:06878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Differ Group Auto Ltd (HKSE:06878) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 503 Gaolin Middle Road, 33th Floor, Differ Fortune Centre, Huli District, Fujian Province, Xiamen, CHN

Website

http://www.dfh.cn

Differ Group Auto Ltd, formerly Differ Group Holding Co Ltd provides finance leases to corporate customers, which are mainly small and medium enterprises, incorporated and operating in Mainland China. The reportable segments of the Group are, Financial services segment includes the provision of guarantee services, express loan services, consultancy services, finance lease services, financial securities services, and assets management in the PRC and Hong Kong; Property development and investment segment includes property development projects and property investment activities in the PRC; Trading of commodities segment includes trading of commodities in the PRC; and Automobile e-commerce includes online e-commerce platform in the automobile industry in the PRC.

Executives

Expert Corporate Limited
Hong Mingxian
Shi Hongjiao
Tianjin Binhai Rural Commercial Bank Corporation	2106 Person having a security interest in shares
Ng Chi Chung	2201 Interest of corporation controlled by you
Ting Pui Shan	2202 Interest of your spouse
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Ever Ultimate Limited	2101 Beneficial owner
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you

Differ Group Auto (HKSE:06878) Headlines

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