Zhejiang Taotao Vehicles Co (SZSE:301345) Days Payable : 120.17 (As of Mar. 2024)

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What is Zhejiang Taotao Vehicles Co Days Payable?

Zhejiang Taotao Vehicles Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥428 Mil. Zhejiang Taotao Vehicles Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥325 Mil. Hence, Zhejiang Taotao Vehicles Co's Days Payable for the three months ended in Mar. 2024 was 120.17.

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

SZSE:301345' s Days Payable Range Over the Past 10 Years
Min: 90.66 Med: 107.73 Max: 178.12
Current: 90.66

During the past 7 years, Zhejiang Taotao Vehicles Co's highest Days Payable was 178.12. The lowest was 90.66. And the median was 107.73.

SZSE:301345's Days Payable is ranked better than
68.12% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 66.48 vs SZSE:301345: 90.66

Zhejiang Taotao Vehicles Co's Days Payable declined from Mar. 2023 (126.29) to Mar. 2024 (120.17). It may suggest that Zhejiang Taotao Vehicles Co accelerated paying its suppliers.

Zhejiang Taotao Vehicles Co Days Payable Historical Data

The historical data trend for Zhejiang Taotao Vehicles 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 Taotao Vehicles Co Days Payable Chart

Zhejiang Taotao Vehicles Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

141.03

103.16

96.88

107.73

95.93

Zhejiang Taotao Vehicles Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											126.29	105.63	94.04	64.45	120.17

Competitive Comparison of Zhejiang Taotao Vehicles Co's Days Payable

For the Auto Manufacturers subindustry, Zhejiang Taotao Vehicles 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 Taotao Vehicles Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Zhejiang Taotao Vehicles Co's Days Payable falls into.

Zhejiang Taotao Vehicles 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 Taotao Vehicles 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
=	( (294.335	+	408.991)	/	2 )	/	1337.993	*	365
=	351.663					/	1337.993	*	365
=	95.93

Zhejiang Taotao Vehicles 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
=	( (408.991	+	447.221)	/	2 )	/	325.067	*	365 / 4
=	428.106					/	325.067	*	365 / 4
=	120.17

Zhejiang Taotao Vehicles Co Days Payable Related Terms

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Zhejiang Taotao Vehicles Co (SZSE:301345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Taotao Vehicles Co Ltd (SZSE:301345) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Xinyuan Road, Xinbi Street, Jinyun County, Zhejiang Province, Lishui, CHN, 321403

Website

http://www.taotaoatv.com

Zhejiang Taotao Vehicles Co Ltd is engaged in the research and development, production and sales of automobiles, electric vehicles and their accessories and supplies for outdoor leisure and entertainment with the function of short-distance transportation.

Zhejiang Taotao Vehicles Co (SZSE:301345) Headlines

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