Jiangyin Pivot Automotive Products Co (SZSE:301181) Days Payable : 166.70 (As of Mar. 2024)

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What is Jiangyin Pivot Automotive Products Co Days Payable?

Jiangyin Pivot Automotive Products Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥149.0 Mil. Jiangyin Pivot Automotive Products Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥81.6 Mil. Hence, Jiangyin Pivot Automotive Products Co's Days Payable for the three months ended in Mar. 2024 was 166.70.

The historical rank and industry rank for Jiangyin Pivot Automotive Products Co's Days Payable or its related term are showing as below:

SZSE:301181' s Days Payable Range Over the Past 10 Years
Min: 80.21 Med: 121.18 Max: 138.22
Current: 135.27

During the past 7 years, Jiangyin Pivot Automotive Products Co's highest Days Payable was 138.22. The lowest was 80.21. And the median was 121.18.

SZSE:301181's Days Payable is ranked better than
82.3% of 1260 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SZSE:301181: 135.27

Jiangyin Pivot Automotive Products Co's Days Payable increased from Mar. 2023 (139.33) to Mar. 2024 (166.70). It may suggest that Jiangyin Pivot Automotive Products Co delayed paying its suppliers.

Jiangyin Pivot Automotive Products Co Days Payable Historical Data

The historical data trend for Jiangyin Pivot Automotive Products 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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Jiangyin Pivot Automotive Products Co Days Payable Chart

Jiangyin Pivot Automotive Products Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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116.63

130.48

137.64

121.18

138.22

Jiangyin Pivot Automotive Products Co Quarterly Data
	Dec17	Dec18	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															139.33	135.13	132.79	117.74	166.70

Competitive Comparison of Jiangyin Pivot Automotive Products Co's Days Payable

For the Auto Parts subindustry, Jiangyin Pivot Automotive Products 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.

Jiangyin Pivot Automotive Products Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Jiangyin Pivot Automotive Products Co's Days Payable falls into.

Jiangyin Pivot Automotive Products 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.

Jiangyin Pivot Automotive Products 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
=	( (126.999	+	154.541)	/	2 )	/	371.736	*	365
=	140.77					/	371.736	*	365
=	138.22

Jiangyin Pivot Automotive Products 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
=	( (154.541	+	143.449)	/	2 )	/	81.558	*	365 / 4
=	148.995					/	81.558	*	365 / 4
=	166.70

Jiangyin Pivot Automotive Products Co Days Payable Related Terms

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Jiangyin Pivot Automotive Products Co (SZSE:301181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangyin Pivot Automotive Products Co Ltd (SZSE:301181) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1, Mengna Road, Huaxi Jiu Village, Huashi Town, Jiangsu Province, iangyin City, CHN, 214421

Website

http://www.pivotautomotive.com

Jiangyin Pivot Automotive Products Co Ltd is engaged in the research and development, production and sales of automotive nylon pipes and connectors and other products.

Jiangyin Pivot Automotive Products Co (SZSE:301181) Headlines

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