Ningbo Fangzheng Automobile Mould Co (SZSE:300998) Days Payable : 154.83 (As of Mar. 2024)

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What is Ningbo Fangzheng Automobile Mould Co Days Payable?

Ningbo Fangzheng Automobile Mould Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥286.2 Mil. Ningbo Fangzheng Automobile Mould Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥168.7 Mil. Hence, Ningbo Fangzheng Automobile Mould Co's Days Payable for the three months ended in Mar. 2024 was 154.83.

The historical rank and industry rank for Ningbo Fangzheng Automobile Mould Co's Days Payable or its related term are showing as below:

SZSE:300998' s Days Payable Range Over the Past 10 Years
Min: 139.96 Med: 225.38 Max: 287.57
Current: 139.96

During the past 8 years, Ningbo Fangzheng Automobile Mould Co's highest Days Payable was 287.57. The lowest was 139.96. And the median was 225.38.

SZSE:300998's Days Payable is ranked better than
83.62% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SZSE:300998: 139.96

Ningbo Fangzheng Automobile Mould Co's Days Payable declined from Mar. 2023 (185.11) to Mar. 2024 (154.83). It may suggest that Ningbo Fangzheng Automobile Mould Co accelerated paying its suppliers.

Ningbo Fangzheng Automobile Mould Co Days Payable Historical Data

The historical data trend for Ningbo Fangzheng Automobile Mould 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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Ningbo Fangzheng Automobile Mould Co Days Payable Chart

Ningbo Fangzheng Automobile Mould Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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225.70

225.06

200.83

183.39

148.71

Ningbo Fangzheng Automobile Mould Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															185.11	209.28	124.59	113.20	154.83

Competitive Comparison of Ningbo Fangzheng Automobile Mould Co's Days Payable

For the Auto Parts subindustry, Ningbo Fangzheng Automobile Mould 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.

Ningbo Fangzheng Automobile Mould Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo Fangzheng Automobile Mould Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Fangzheng Automobile Mould Co's Days Payable falls into.

Ningbo Fangzheng Automobile Mould 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.

Ningbo Fangzheng Automobile Mould 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
=	( (346.673	+	319.333)	/	2 )	/	817.361	*	365
=	333.003					/	817.361	*	365
=	148.71

Ningbo Fangzheng Automobile Mould 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
=	( (319.333	+	253.104)	/	2 )	/	168.686	*	365 / 4
=	286.2185					/	168.686	*	365 / 4
=	154.83

Ningbo Fangzheng Automobile Mould Co Days Payable Related Terms

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Ningbo Fangzheng Automobile Mould Co (SZSE:300998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Fangzheng Automobile Mould Co Ltd (SZSE:300998) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1, Sanshen Middle Road, Meilin Street, Zhejiang Province, Ninghai, CHN, 315609

Website

http://www.fzmould.com

Ningbo Fangzheng Automobile Mould Co Ltd is engaged in research and development, design, manufacturing and sales of automotive plastic molds. It offers automobile parts, molds, inspection tools, and plastic products. The company is also engaged in research and development, manufacturing, processing, sales, technical consulting, and after-sales service.

Ningbo Fangzheng Automobile Mould Co (SZSE:300998) Headlines

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