United Faith Auto Engineering Co (SZSE:301112) Days Payable : 100.03 (As of Mar. 2024)

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What is United Faith Auto Engineering Co Days Payable?

United Faith Auto Engineering Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥58.6 Mil. United Faith Auto Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥53.4 Mil. Hence, United Faith Auto Engineering Co's Days Payable for the three months ended in Mar. 2024 was 100.03.

The historical rank and industry rank for United Faith Auto Engineering Co's Days Payable or its related term are showing as below:

SZSE:301112' s Days Payable Range Over the Past 10 Years
Min: 40.06 Med: 54.81 Max: 71.95
Current: 66.92

During the past 7 years, United Faith Auto Engineering Co's highest Days Payable was 71.95. The lowest was 40.06. And the median was 54.81.

SZSE:301112's Days Payable is ranked better than
50.56% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SZSE:301112: 66.92

United Faith Auto Engineering Co's Days Payable increased from Mar. 2023 (72.91) to Mar. 2024 (100.03). It may suggest that United Faith Auto Engineering Co delayed paying its suppliers.

United Faith Auto Engineering Co Days Payable Historical Data

The historical data trend for United Faith Auto Engineering 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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United Faith Auto Engineering Co Days Payable Chart

United Faith Auto Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.75

45.64

57.72

71.95

67.69

United Faith Auto Engineering Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														72.91	65.51	72.57	46.09	100.03

Competitive Comparison of United Faith Auto Engineering Co's Days Payable

For the Auto Parts subindustry, United Faith Auto Engineering 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.

United Faith Auto Engineering Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, United Faith Auto Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where United Faith Auto Engineering Co's Days Payable falls into.

United Faith Auto Engineering 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.

United Faith Auto Engineering 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
=	( (81.36	+	60.114)	/	2 )	/	381.405	*	365
=	70.737					/	381.405	*	365
=	67.69

United Faith Auto Engineering 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
=	( (60.114	+	56.992)	/	2 )	/	53.413	*	365 / 4
=	58.553					/	53.413	*	365 / 4
=	100.03

United Faith Auto Engineering Co Days Payable Related Terms

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United Faith Auto Engineering Co (SZSE:301112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » United Faith Auto Engineering Co Ltd (SZSE:301112) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

North side of Checheng Avenue, Auto City, Huadu District, Guangdong Province, Guangzhou, CHN, 510800

Website

http://www.uf.com.cn

United Faith Auto Engineering Co Ltd is engaged in the research and development, Design, manufacturing, assembly and sales of automotive intelligence, automated production lines and complete sets of equipment.

United Faith Auto Engineering Co (SZSE:301112) Headlines

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