GSP Automotive Group Wenzhou Co (SHSE:605088) Days Payable : 182.33 (As of Mar. 2024)

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What is GSP Automotive Group Wenzhou Co Days Payable?

GSP Automotive Group Wenzhou Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,107 Mil. GSP Automotive Group Wenzhou Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥554 Mil. Hence, GSP Automotive Group Wenzhou Co's Days Payable for the three months ended in Mar. 2024 was 182.33.

The historical rank and industry rank for GSP Automotive Group Wenzhou Co's Days Payable or its related term are showing as below:

SHSE:605088' s Days Payable Range Over the Past 10 Years
Min: 96.5 Med: 117 Max: 162.34
Current: 157.74

During the past 11 years, GSP Automotive Group Wenzhou Co's highest Days Payable was 162.34. The lowest was 96.50. And the median was 117.00.

SHSE:605088's Days Payable is ranked better than
86.38% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs SHSE:605088: 157.74

GSP Automotive Group Wenzhou Co's Days Payable increased from Mar. 2023 (177.25) to Mar. 2024 (182.33). It may suggest that GSP Automotive Group Wenzhou Co delayed paying its suppliers.

GSP Automotive Group Wenzhou Co Days Payable Historical Data

The historical data trend for GSP Automotive Group Wenzhou 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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GSP Automotive Group Wenzhou Co Days Payable Chart

GSP Automotive Group Wenzhou Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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115.42

152.67

141.94

147.47

162.34

GSP Automotive Group Wenzhou 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															177.25	133.89	175.14	149.34	182.33

Competitive Comparison of GSP Automotive Group Wenzhou Co's Days Payable

For the Auto Parts subindustry, GSP Automotive Group Wenzhou 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.

GSP Automotive Group Wenzhou Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, GSP Automotive Group Wenzhou Co's Days Payable distribution charts can be found below:

* The bar in red indicates where GSP Automotive Group Wenzhou Co's Days Payable falls into.

GSP Automotive Group Wenzhou 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.

GSP Automotive Group Wenzhou 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
=	( (986.333	+	1079.713)	/	2 )	/	2322.648	*	365
=	1033.023					/	2322.648	*	365
=	162.34

GSP Automotive Group Wenzhou 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
=	( (1079.713	+	1135.161)	/	2 )	/	554.236	*	365 / 4
=	1107.437					/	554.236	*	365 / 4
=	182.33

GSP Automotive Group Wenzhou Co Days Payable Related Terms

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GSP Automotive Group Wenzhou Co (SHSE:605088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GSP Automotive Group Wenzhou Co Ltd (SHSE:605088) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1, Gaoxiang Road,, Ouhai High-tech Industrial Park, Zhejiang Province, Wenzhou, CHN, 325006

Website

http://www.gsp.cn

GSP Automotive Group Wenzhou Co Ltd is engaged in the research, development, production and sales of automotive transmission system components. The company produces drive shafts, constant velocity joint kits, hub assemblies wheel bearings and rubber-to-metal components. Its product categories include Drive Shaft; CV Joint; Boot Kits; Hub Assembly; Wheel Bearing; Rubber Mounting; and Steering and Suspension.

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