Zhejiang Jinfei Kaida Wheel Co (SZSE:002863) Days Payable : 73.05 (As of Mar. 2024)

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What is Zhejiang Jinfei Kaida Wheel Co Days Payable?

Zhejiang Jinfei Kaida Wheel Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥641 Mil. Zhejiang Jinfei Kaida Wheel Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥801 Mil. Hence, Zhejiang Jinfei Kaida Wheel Co's Days Payable for the three months ended in Mar. 2024 was 73.05.

The historical rank and industry rank for Zhejiang Jinfei Kaida Wheel Co's Days Payable or its related term are showing as below:

SZSE:002863' s Days Payable Range Over the Past 10 Years
Min: 71.89 Med: 111.78 Max: 149.17
Current: 94.85

During the past 12 years, Zhejiang Jinfei Kaida Wheel Co's highest Days Payable was 149.17. The lowest was 71.89. And the median was 111.78.

SZSE:002863's Days Payable is ranked better than
70.21% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 66.79 vs SZSE:002863: 94.85

Zhejiang Jinfei Kaida Wheel Co's Days Payable declined from Mar. 2023 (127.72) to Mar. 2024 (73.05). It may suggest that Zhejiang Jinfei Kaida Wheel Co accelerated paying its suppliers.

Zhejiang Jinfei Kaida Wheel Co Days Payable Historical Data

The historical data trend for Zhejiang Jinfei Kaida Wheel 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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Zhejiang Jinfei Kaida Wheel Co Days Payable Chart

Zhejiang Jinfei Kaida Wheel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

112.72

110.84

91.65

96.02

71.89

Zhejiang Jinfei Kaida Wheel 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															127.72	123.02	112.92	71.83	73.05

Competitive Comparison of Zhejiang Jinfei Kaida Wheel Co's Days Payable

For the Auto Parts subindustry, Zhejiang Jinfei Kaida Wheel 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.

Zhejiang Jinfei Kaida Wheel Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Jinfei Kaida Wheel Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Jinfei Kaida Wheel Co's Days Payable falls into.

Zhejiang Jinfei Kaida Wheel 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.

Zhejiang Jinfei Kaida Wheel 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
=	( (1043.202	+	478.828)	/	2 )	/	3863.611	*	365
=	761.015					/	3863.611	*	365
=	71.89

Zhejiang Jinfei Kaida Wheel 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
=	( (478.828	+	803.18)	/	2 )	/	800.72	*	365 / 4
=	641.004					/	800.72	*	365 / 4
=	73.05

Zhejiang Jinfei Kaida Wheel Co Days Payable Related Terms

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Zhejiang Jinfei Kaida Wheel Co (SZSE:002863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Jinfei Kaida Wheel Co Ltd (SZSE:002863) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

800 Xianhua South Street, Jinhua Industrial Park, Zhejiang Province, Jinhua, CHN, 321016

Website

http://www.jfkd.com.cn

Zhejiang Jinfei Kaida Wheel Co Ltd is a Chinese aluminium alloy auto wheel manufacturer. Its manufactures motorcycle wheels, automobile wheels, bicycle rims, motorcycle rims, and e-motorcycle wheels. The company's products cover varieties of coating wheel, bright sliver wheel, bright black wheel, and vacuum evaporation wheel, electroplating wheel and hardcover wheel. It sells its products in China, and also exports it to various other countries including USA, Japan, UK, Southeast Asia and Middle East.

Executives

Yi Chang Ying	Supervisors
Lou Guo Xing	Executives
Yang Zhi Cheng	Executives

Zhejiang Jinfei Kaida Wheel Co (SZSE:002863) Headlines

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