Luxin Venture Capital Group Co (SHSE:600783) Days Payable : 62.94 (As of Mar. 2024)

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What is Luxin Venture Capital Group Co Days Payable?

Luxin Venture Capital Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥7.54 Mil. Luxin Venture Capital Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥10.93 Mil. Hence, Luxin Venture Capital Group Co's Days Payable for the three months ended in Mar. 2024 was 62.94.

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

SHSE:600783' s Days Payable Range Over the Past 10 Years
Min: 53.2 Med: 67.62 Max: 92.91
Current: 58.59

During the past 13 years, Luxin Venture Capital Group Co's highest Days Payable was 92.91. The lowest was 53.20. And the median was 67.62.

SHSE:600783's Days Payable is ranked worse than
62.64% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs SHSE:600783: 58.59

Luxin Venture Capital Group Co's Days Payable declined from Mar. 2023 (64.05) to Mar. 2024 (62.94). It may suggest that Luxin Venture Capital Group Co accelerated paying its suppliers.

Luxin Venture Capital Group Co Days Payable Historical Data

The historical data trend for Luxin Venture Capital Group Co'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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Luxin Venture Capital Group Co Days Payable Chart

Luxin Venture Capital Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.20

67.06

54.15

59.57

63.49

Luxin Venture Capital Group Co 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															64.05	50.23	22.17	-	62.94

Competitive Comparison of Luxin Venture Capital Group Co's Days Payable

For the Specialty Industrial Machinery subindustry, Luxin Venture Capital Group Co'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.

Luxin Venture Capital Group Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Luxin Venture Capital Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Luxin Venture Capital Group Co's Days Payable falls into.

Luxin Venture Capital Group Co 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.

Luxin Venture Capital Group Co'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
=	( (10.699	+	5.923)	/	2 )	/	47.782	*	365
=	8.311					/	47.782	*	365
=	63.49

Luxin Venture Capital Group Co'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
=	( (5.923	+	9.153)	/	2 )	/	10.929	*	365 / 4
=	7.538					/	10.929	*	365 / 4
=	62.94

Luxin Venture Capital Group Co Days Payable Related Terms

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Luxin Venture Capital Group Co (SHSE:600783) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Luxin Venture Capital Group Co Ltd (SHSE:600783) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

9999 Jingshi Road, Golden Times Square, 4th Floor, Block C, Jinan, CHN, 250101

Website

http://www.600783.cn

Luxin Venture Capital Group Co Ltd is a China-based venture capital company. It is engaged in the investment in industries such as advanced manufacturing, modern agriculture, and marine economy; strategic emerging industries such as information technology, energy conservation and environmental protection, new energy, new materials, biotechnology and high-end equipment manufacturing. It is also involved in the fund management business which includes government-managed investment funds and market-oriented self-investment funds.

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