China Automotive Engineering Research Institute Co (SHSE:601965) Days Payable : 159.78 (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is China Automotive Engineering Research Institute Co Days Payable?

China Automotive Engineering Research Institute Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥911 Mil. China Automotive Engineering Research Institute Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥520 Mil. Hence, China Automotive Engineering Research Institute Co's Days Payable for the three months ended in Mar. 2024 was 159.78.

The historical rank and industry rank for China Automotive Engineering Research Institute Co's Days Payable or its related term are showing as below:

SHSE:601965' s Days Payable Range Over the Past 10 Years
Min: 56.05 Med: 81.98 Max: 124.06
Current: 123.16

During the past 13 years, China Automotive Engineering Research Institute Co's highest Days Payable was 124.06. The lowest was 56.05. And the median was 81.98.

SHSE:601965's Days Payable is ranked better than
80.3% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.87 vs SHSE:601965: 123.16

China Automotive Engineering Research Institute Co's Days Payable increased from Mar. 2023 (149.65) to Mar. 2024 (159.78). It may suggest that China Automotive Engineering Research Institute Co delayed paying its suppliers.

China Automotive Engineering Research Institute Co Days Payable Historical Data

The historical data trend for China Automotive Engineering Research Institute 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.

* Premium members only.

China Automotive Engineering Research Institute Co Days Payable Chart

China Automotive Engineering Research Institute Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

102.85

87.81

76.14

119.20

124.06

China Automotive Engineering Research Institute 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															149.65	118.85	156.53	87.14	159.78

Competitive Comparison of China Automotive Engineering Research Institute Co's Days Payable

For the Auto Manufacturers subindustry, China Automotive Engineering Research Institute 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.

China Automotive Engineering Research Institute Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Automotive Engineering Research Institute Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Automotive Engineering Research Institute Co's Days Payable falls into.

China Automotive Engineering Research Institute 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.

China Automotive Engineering Research Institute 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
=	( (663.413	+	890.192)	/	2 )	/	2285.531	*	365
=	776.8025					/	2285.531	*	365
=	124.06

China Automotive Engineering Research Institute 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
=	( (890.192	+	931.109)	/	2 )	/	520.063	*	365 / 4
=	910.6505					/	520.063	*	365 / 4
=	159.78

China Automotive Engineering Research Institute Co Days Payable Related Terms

Thank you for viewing the detailed overview of China Automotive Engineering Research Institute Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

China Automotive Engineering Research Institute Co (SHSE:601965) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Engineering Research Institute Co Ltd (SHSE:601965) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Jin Yu Avenue, North District, Economic Development Zone, Chongqing, CHN

Website

http://www.caeri.com.cn

China Automotive Engineering Research Institute Co Ltd is an automobile company based in China. It is mainly engaged in the technical service for automobile and manufacturing operations of automobile including the development of various products, the technical consulting, test and the quality inspection and authentication. In addition, the company is specialized in research and development, manufacturing and marketing of special vehicles, with main products involving 5 types and 200-odd models including engineering dump trucks, concrete mixers, sanitation vehicles, logistics transport vehicles and integration vehicles.

China Automotive Engineering Research Institute Co (SHSE:601965) Headlines

No Headlines