Ningbo Joyson Electronic (SHSE:600699) Days Payable : 77.57 (As of Mar. 2024)

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What is Ningbo Joyson Electronic Days Payable?

Ningbo Joyson Electronic's average Accounts Payable for the three months ended in Mar. 2024 was ¥9,536 Mil. Ningbo Joyson Electronic's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥11,218 Mil. Hence, Ningbo Joyson Electronic's Days Payable for the three months ended in Mar. 2024 was 77.57.

The historical rank and industry rank for Ningbo Joyson Electronic's Days Payable or its related term are showing as below:

SHSE:600699' s Days Payable Range Over the Past 10 Years
Min: 58.95 Med: 68.37 Max: 79.48
Current: 72.68

During the past 13 years, Ningbo Joyson Electronic's highest Days Payable was 79.48. The lowest was 58.95. And the median was 68.37.

SHSE:600699's Days Payable is ranked better than
55.59% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs SHSE:600699: 72.68

Ningbo Joyson Electronic's Days Payable increased from Mar. 2023 (70.19) to Mar. 2024 (77.57). It may suggest that Ningbo Joyson Electronic delayed paying its suppliers.

Ningbo Joyson Electronic Days Payable Historical Data

The historical data trend for Ningbo Joyson Electronic'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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Ningbo Joyson Electronic Days Payable Chart

Ningbo Joyson Electronic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.16

78.67

69.19

67.32

71.86

Ningbo Joyson Electronic Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															70.19	69.05	71.17	75.52	77.57

Competitive Comparison of Ningbo Joyson Electronic's Days Payable

For the Auto Parts subindustry, Ningbo Joyson Electronic'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.

Ningbo Joyson Electronic's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo Joyson Electronic's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Joyson Electronic's Days Payable falls into.

Ningbo Joyson Electronic 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.

Ningbo Joyson Electronic'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
=	( (8921.462	+	9710.411)	/	2 )	/	47319.215	*	365
=	9315.9365					/	47319.215	*	365
=	71.86

Ningbo Joyson Electronic's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (9710.411	+	9362.102)	/	2 )	/	11218.176	*	365 / 4
=	9536.2565					/	11218.176	*	365 / 4
=	77.57

Ningbo Joyson Electronic Days Payable Related Terms

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Ningbo Joyson Electronic (SHSE:600699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Joyson Electronic Corp (SHSE:600699) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1266 Road, Zhejiang Province, High-tech Zone, Ningbo, CHN, 136200

Website

http://www.joyson.cn

Ningbo Joyson Electronic Corp is an automotive supplier. Some of the products that the company caters to the global automotive industry are - Driver controls, Climate control, Sensor systems, Electronic control units, Car connect, Active safety, Passive safety, Air Intake systems, Washer systems, Air management systems, Mirror systems, Front griller, Fuel tank door, and Steering wheel.

Ningbo Joyson Electronic (SHSE:600699) Headlines

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