Beijing, December 4th (Xinhua) -- Recently, a new energy vehicle manufacturer's information that the payment cycle of the supply chain has been further shortened compared to last year has sparked heated discussions online. Xinhua Finance has compiled relevant data and found that Xiaopeng Motors has the highest accounts payable turnover days among the new forces in domestic car manufacturing.
Accounts payable turnover days, also known as average payment period, are an indicator of how long it takes for a company to pay off its supplier debts.
According to last year's annual report, the top three new car manufacturers with the highest accounts payable turnover days were Xiaopeng, NIO, and Leapmotor, with accounts payable turnover days of 216.97 days, 188.3 days, and 171.01 days, respectively.
According to this year's third quarter report, Xiaopeng Motors, NIO, and Ideal Automobile ranked among the top three, with accounts payable turnover days of 248.35 days, 193.46 days, and 176.39 days, respectively.
It can be seen that Xiaopeng Motors' accounts payable turnover days are significantly higher than other vehicle manufacturers, and there has been an increase in the first three quarters of this year compared to the end of last year.
From the perspective of accounts payable, in the first three quarters of this year, the accounts payable and bill amount of Xiaopeng Motors was 16.86 billion yuan, which continued to increase from 16.57 billion yuan in the same period of 2023. In the same period of 2022 and 2021, the accounts payable and bill amount of Xiaopeng Motors were 15 billion yuan and 8.841 billion yuan, respectively.
Xinhua Finance contacted Xiaopeng Motors regarding issues such as significantly higher accounts payable turnover days compared to other companies, but as of the time of writing, no response has been received.