Jiangsu Hengli Hydraulic Co (SHSE:601100) Days Payable : 84.50 (As of Mar. 2024)

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What is Jiangsu Hengli Hydraulic Co Days Payable?

Jiangsu Hengli Hydraulic Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,310 Mil. Jiangsu Hengli Hydraulic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,415 Mil. Hence, Jiangsu Hengli Hydraulic Co's Days Payable for the three months ended in Mar. 2024 was 84.50.

The historical rank and industry rank for Jiangsu Hengli Hydraulic Co's Days Payable or its related term are showing as below:

SHSE:601100' s Days Payable Range Over the Past 10 Years
Min: 79.88 Med: 86.36 Max: 94.11
Current: 92.5

During the past 13 years, Jiangsu Hengli Hydraulic Co's highest Days Payable was 94.11. The lowest was 79.88. And the median was 86.36.

SHSE:601100's Days Payable is ranked better than
59.12% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs SHSE:601100: 92.50

Jiangsu Hengli Hydraulic Co's Days Payable declined from Mar. 2023 (87.25) to Mar. 2024 (84.50). It may suggest that Jiangsu Hengli Hydraulic Co accelerated paying its suppliers.

Jiangsu Hengli Hydraulic Co Days Payable Historical Data

The historical data trend for Jiangsu Hengli Hydraulic 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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Jiangsu Hengli Hydraulic Co Days Payable Chart

Jiangsu Hengli Hydraulic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.29

79.88

81.19

94.04

91.58

Jiangsu Hengli Hydraulic Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															87.25	96.47	107.62	81.92	84.50

Competitive Comparison of Jiangsu Hengli Hydraulic Co's Days Payable

For the Specialty Industrial Machinery subindustry, Jiangsu Hengli Hydraulic 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.

Jiangsu Hengli Hydraulic Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Hengli Hydraulic Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Hengli Hydraulic Co's Days Payable falls into.

Jiangsu Hengli Hydraulic 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.

Jiangsu Hengli Hydraulic 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
=	( (1322.801	+	1296.654)	/	2 )	/	5219.982	*	365
=	1309.7275					/	5219.982	*	365
=	91.58

Jiangsu Hengli Hydraulic 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
=	( (1296.654	+	1323.511)	/	2 )	/	1414.692	*	365 / 4
=	1310.0825					/	1414.692	*	365 / 4
=	84.50

Jiangsu Hengli Hydraulic Co Days Payable Related Terms

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Jiangsu Hengli Hydraulic Co (SHSE:601100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Hengli Hydraulic Co Ltd (SHSE:601100) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.99 Longqian Road, Wujin District, Changzhou, CHN, 213167

Website

http://www.henglihydraulic.com

Hengli Hydraulic is a leading Chinese hydraulic component company. It designs, manufactures, and sells hydraulic cylinder, pump, valve, and motor products. Hengli's products are widely used in heavy machinery. It is the largest supplier of excavator hydraulic cylinders in the world with about 30% market share globally.

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