$NIO Inc (NIO.US)$ 300 Days Payables As a small business ow...
$NIO Inc (NIO.US)$ 300 Days Payables
As a small business owner when I heard NIO was paying it’s vendors in 300 days after invoicing, I immediately sold my shares as this is a clear sign that NIO isn’t capitized correctly which will eventually lead to bankruptcy.
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Teck Wang Pang PaPa : maybe they spread fake news...and you are one of the victims easily manipulated by those buying your shares at low?
70552586 OP Teck Wang Pang PaPa : What are you talking about, just analyze NIO’s quarterly financial statements. The numbers don’t lie.
Teck Wang Pang PaPa 70552586 OP : you mentioned ,NIO was paying it’s vendors in 300 days?
WayneTheBoon : Well so is BYD
102332870 : 300 days correct. But Chinese big buyers also drag payments. 180 days is a minimum
CTradingWallet : Go Tesla LOL
103263621 : If someone agrees to offer u 300 days credit terms, r u going to tell the supplier “hey, don’t do this, u r humiliating me
”?
103263621 : Biz is all about consensus from both parties. There is no default in payment
安安稳稳过日子 : LOL this is such a silly comment. Pay in 300 days mean they are big enough to command that payment term. This means NIO can have more working cash flow to play around with its money. It’s actually a positive sign.
70552586 OP 安安稳稳过日子 : That’s not correct, paying your vendors close to 10 months after service is criminal. No one the Chinese economy is in the shitters. Just Crazy
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