Xiamen Sunrise Group Co (SZSE:002593) Days Payable : 148.80 (As of Mar. 2024)

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What is Xiamen Sunrise Group Co Days Payable?

Xiamen Sunrise Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,098 Mil. Xiamen Sunrise Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥673 Mil. Hence, Xiamen Sunrise Group Co's Days Payable for the three months ended in Mar. 2024 was 148.80.

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

SZSE:002593' s Days Payable Range Over the Past 10 Years
Min: 111.5 Med: 134.77 Max: 167.17
Current: 137.09

During the past 13 years, Xiamen Sunrise Group Co's highest Days Payable was 167.17. The lowest was 111.50. And the median was 134.77.

SZSE:002593's Days Payable is ranked better than
82.86% of 1260 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SZSE:002593: 137.09

Xiamen Sunrise Group Co's Days Payable increased from Mar. 2023 (144.09) to Mar. 2024 (148.80). It may suggest that Xiamen Sunrise Group Co delayed paying its suppliers.

Xiamen Sunrise Group Co Days Payable Historical Data

The historical data trend for Xiamen Sunrise 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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Xiamen Sunrise Group Co Days Payable Chart

Xiamen Sunrise Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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146.36

131.58

122.65

137.96

111.50

Xiamen Sunrise 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															144.09	128.90	166.17	119.91	148.80

Competitive Comparison of Xiamen Sunrise Group Co's Days Payable

For the Auto Parts subindustry, Xiamen Sunrise 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.

Xiamen Sunrise Group Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Xiamen Sunrise Group Co's Days Payable falls into.

Xiamen Sunrise 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.

Xiamen Sunrise 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
=	( (1076.584	+	1118.416)	/	2 )	/	3592.569	*	365
=	1097.5					/	3592.569	*	365
=	111.50

Xiamen Sunrise 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
=	( (1118.416	+	1076.641)	/	2 )	/	673.067	*	365 / 4
=	1097.5285					/	673.067	*	365 / 4
=	148.80

Xiamen Sunrise Group Co Days Payable Related Terms

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Xiamen Sunrise Group Co (SZSE:002593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xiamen Sunrise Group Co Ltd (SZSE:002593) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 30, Xinglin Xingbei Road, Fujian Province, Jimei District, Xiamen, CHN, 361022

Website

http://www.sunrise-ncc.com

Xiamen Sunrise Group Co Ltd is engaged in the research, development, production, and sales of metal products and automotive products. The products of the company include tubeless steel wheels, steel drums, and forged aluminium wheels.

Executives

Wu Xiao Hong	Directors, executives
Wu Zi Wen	Directors, executives
Chen Ming Li	Supervisors
Lan Ri Jin	Supervisors
Wu Zhi Liang	Directors, executives
Zheng Yu Qing	Executives
He Ai Ping	Executives
Huang Xue Cheng	Directors, executives
Zhong Bai An	Directors, executives
Zhang Wen Qing	Supervisors
Wang Yong Dong	Director

Xiamen Sunrise Group Co (SZSE:002593) Headlines

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