Lonking Holdings (Lonking Holdings) Days Payable : 165.23 (As of Dec. 2023)

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What is Lonking Holdings Days Payable?

Lonking Holdings's average Accounts Payable for the six months ended in Dec. 2023 was $494 Mil. Lonking Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $546 Mil. Hence, Lonking Holdings's Days Payable for the six months ended in Dec. 2023 was 165.23.

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

LONKF' s Days Payable Range Over the Past 10 Years
Min: 65.67 Med: 143.16 Max: 167.3
Current: 153.35

During the past 13 years, Lonking Holdings's highest Days Payable was 167.30. The lowest was 65.67. And the median was 143.16.

LONKF's Days Payable is ranked better than
76.1% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.84 vs LONKF: 153.35

Lonking Holdings's Days Payable increased from Dec. 2022 (163.21) to Dec. 2023 (165.23). It may suggest that Lonking Holdings delayed paying its suppliers.

Lonking Holdings Days Payable Historical Data

The historical data trend for Lonking Holdings'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.

* Premium members only.

Lonking Holdings Days Payable Chart

Lonking Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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147.58

153.53

147.43

167.14

163.08

Lonking Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	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															190.77	142.85	163.21	135.34	165.23

Competitive Comparison of Lonking Holdings's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Lonking Holdings'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.

Lonking Holdings's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lonking Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Lonking Holdings's Days Payable falls into.

Lonking Holdings 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.

Lonking Holdings'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
=	( (544.124	+	541.893)	/	2 )	/	1215.365	*	365
=	543.0085					/	1215.365	*	365
=	163.08

Lonking Holdings'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
=	( (446.198	+	541.893)	/	2 )	/	545.68	*	365 / 2
=	494.0455					/	545.68	*	365 / 2
=	165.23

Lonking Holdings Days Payable Related Terms

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Lonking Holdings (Lonking Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lonking Holdings Ltd (OTCPK:LONKF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

03339:Hong Kong C9IB:Germany

Address

No. 26 Mingyi Road, Xinqiao, Songjiang Industrial, Shanghai, CHN, 201612

Website

https://www.lonking.cn

Lonking Holdings Ltd is a construction and logistics machinery manufacturers in China. It produces wheel loaders, excavators, road rollers, forklifts, and other heavy equipment. In addition, the company supplies individual components, including gearboxes, converters, axles, and hydraulic components. Lonking Holdings has three operating segments: Sale of construction machinery (majority of total revenue), Finance lease of construction machinery, and Financial investment. Used equipment and leasing solutions help extend offerings and pinpoint the correct solution for each customer. Trained technicians provide aftermarket services and parts to maximize equipment efficiency. The majority of sales are derived from China.

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