Highway Holdings (Highway Holdings) Days Payable : 40.58 (As of Dec. 2023)

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What is Highway Holdings Days Payable?

Highway Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $1.44 Mil. Highway Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.23 Mil. Hence, Highway Holdings's Days Payable for the three months ended in Dec. 2023 was 40.58.

The historical rank and industry rank for Highway Holdings's Days Payable or its related term are showing as below:

HIHO' s Days Payable Range Over the Past 10 Years
Min: 30.97 Med: 40.15 Max: 68.85
Current: 68.85

During the past 13 years, Highway Holdings's highest Days Payable was 68.85. The lowest was 30.97. And the median was 40.15.

HIHO's Days Payable is ranked worse than
55.56% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs HIHO: 68.85

Highway Holdings's Days Payable increased from Sep. 2022 (37.01) to Dec. 2023 (40.58). It may suggest that Highway Holdings delayed paying its suppliers.

Highway Holdings Days Payable Historical Data

The historical data trend for Highway Holdings'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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Highway Holdings Days Payable Chart

Highway Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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35.16

46.86

46.61

31.45

45.13

Highway Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															37.01	31.05	43.84	62.32	40.58

Competitive Comparison of Highway Holdings's Days Payable

For the Metal Fabrication subindustry, Highway Holdings'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.

Highway Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Highway Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Highway Holdings's Days Payable falls into.

Highway Holdings 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.

Highway Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.828	+	0.928)	/	2 )	/	7.101	*	365
=	0.878					/	7.101	*	365
=	45.13

Highway Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.397	+	2.477)	/	2 )	/	3.231	*	365 / 4
=	1.437					/	3.231	*	365 / 4
=	40.58

Highway Holdings Days Payable Related Terms

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Highway Holdings (Highway Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Highway Holdings Ltd (NAS:HIHO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 18, Landmark North 39 Lung Sum Avenue, Suite No.1801, Sheung Shui, New Territories, Hong Kong, HKG

Website

https://www.highwayholdings.com

Highway Holdings Ltd is a holding company. The company is a manufacturer of metal, plastic, electric and electronic components for original equipment manufacturers (OEM) and contract manufacturers. Its operating segment includes Metal stamping and mechanical OEM and Electric OEM. The metal stamping segment focuses on the manufacturing and sale of metal parts and components. The company generates maximum revenue from the Metal stamping and mechanical OEM segment. Geographically, it derives a majority of its revenue from Europe and also has a presence in Hong Kong and China, North America, and Other Asian countries.

Executives

Zeff Capital, Lp

10 percent owner

400 S. MCCADDEN PL., LOS ANGELES CA 90020