Huazhong In-Vehicle Holdings Co (HKSE:06830) Days Payable : 212.57 (As of Dec. 2023)

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What is Huazhong In-Vehicle Holdings Co Days Payable?

Huazhong In-Vehicle Holdings Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$899 Mil. Huazhong In-Vehicle Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$772 Mil. Hence, Huazhong In-Vehicle Holdings Co's Days Payable for the six months ended in Dec. 2023 was 212.57.

The historical rank and industry rank for Huazhong In-Vehicle Holdings Co's Days Payable or its related term are showing as below:

HKSE:06830' s Days Payable Range Over the Past 10 Years
Min: 175.86 Med: 207.56 Max: 235.41
Current: 224.87

During the past 13 years, Huazhong In-Vehicle Holdings Co's highest Days Payable was 235.41. The lowest was 175.86. And the median was 207.56.

HKSE:06830's Days Payable is ranked better than
94.28% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.87 vs HKSE:06830: 224.87

Huazhong In-Vehicle Holdings Co's Days Payable increased from Dec. 2022 (174.81) to Dec. 2023 (212.57). It may suggest that Huazhong In-Vehicle Holdings Co delayed paying its suppliers.

Huazhong In-Vehicle Holdings Co Days Payable Historical Data

The historical data trend for Huazhong In-Vehicle Holdings 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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Huazhong In-Vehicle Holdings Co Days Payable Chart

Huazhong In-Vehicle Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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199.39

226.16

235.01

235.41

233.34

Huazhong In-Vehicle Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															207.34	294.65	174.81	229.49	212.57

Competitive Comparison of Huazhong In-Vehicle Holdings Co's Days Payable

For the Auto Parts subindustry, Huazhong In-Vehicle Holdings 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.

Huazhong In-Vehicle Holdings Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Huazhong In-Vehicle Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Huazhong In-Vehicle Holdings Co's Days Payable falls into.

Huazhong In-Vehicle Holdings 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.

Huazhong In-Vehicle Holdings 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
=	( (929.941	+	957.7)	/	2 )	/	1476.37	*	365
=	943.8205					/	1476.37	*	365
=	233.34

Huazhong In-Vehicle Holdings Co'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
=	( (841.112	+	957.7)	/	2 )	/	772.163	*	365 / 2
=	899.406					/	772.163	*	365 / 2
=	212.57

Huazhong In-Vehicle Holdings Co Days Payable Related Terms

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Huazhong In-Vehicle Holdings Co (HKSE:06830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Huazhong In-Vehicle Holdings Co Ltd (HKSE:06830) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 104 Zhenan Road, Xiangshan County, Zhejiang Province, Xizhou, CHN

Website

https://www.cn-huazhong.com

Huazhong In-Vehicle Holdings Co Ltd is an investment holding company, which acts as a supplier of automobile body parts. The business activity of the group includes manufacturing and sale of decorative and structural automobile parts, molds and tooling, casing, and the liquid tank of air conditioning or heater units and other non-automobile products. Geographically it operates through the region of China and derives revenue from the sale of automobile body parts.

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