Harson Trading (China) Co (SHSE:603958) Days Payable : 68.36 (As of Mar. 2024)

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What is Harson Trading (China) Co Days Payable?

Harson Trading (China) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥81.9 Mil. Harson Trading (China) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥109.4 Mil. Hence, Harson Trading (China) Co's Days Payable for the three months ended in Mar. 2024 was 68.36.

The historical rank and industry rank for Harson Trading (China) Co's Days Payable or its related term are showing as below:

SHSE:603958' s Days Payable Range Over the Past 10 Years
Min: 69.15 Med: 106.68 Max: 127.02
Current: 69.15

During the past 13 years, Harson Trading (China) Co's highest Days Payable was 127.02. The lowest was 69.15. And the median was 106.68.

SHSE:603958's Days Payable is ranked better than
59.7% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.34 vs SHSE:603958: 69.15

Harson Trading (China) Co's Days Payable declined from Mar. 2023 (77.14) to Mar. 2024 (68.36). It may suggest that Harson Trading (China) Co accelerated paying its suppliers.

Harson Trading (China) Co Days Payable Historical Data

The historical data trend for Harson Trading (China) 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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Harson Trading (China) Co Days Payable Chart

Harson Trading (China) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

108.98

127.02

94.46

100.62

94.04

Harson Trading (China) 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															77.14	58.31	96.12	72.44	68.36

Competitive Comparison of Harson Trading (China) Co's Days Payable

For the Footwear & Accessories subindustry, Harson Trading (China) 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.

Harson Trading (China) Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harson Trading (China) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Harson Trading (China) Co's Days Payable falls into.

Harson Trading (China) 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.

Harson Trading (China) 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
=	( (94.442	+	93.835)	/	2 )	/	365.38	*	365
=	94.1385					/	365.38	*	365
=	94.04

Harson Trading (China) 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
=	( (93.835	+	70.013)	/	2 )	/	109.359	*	365 / 4
=	81.924					/	109.359	*	365 / 4
=	68.36

Harson Trading (China) Co Days Payable Related Terms

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Harson Trading (China) Co (SHSE:603958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Harson Trading (China) Co Ltd (SHSE:603958) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1008,Hua'an Road, 6th Floor, Caoan Economic Development Zone, Huaqiao Tow, Kunshan, CHN, 215332

Website

http://www.harsongroup.com

Harson Trading (China) Co Ltd is a China-based firm engaged in the brand operation, product design, production and sales of high-end leather shoes. It produces leather shoes for men and women mainly. Its brands include Harson, Kadina, Cover, Aller-A, AS, Roberta Di Camerino, Harson business, and Pikolinos.

Executives

Wu Xiao Hua	senior management
Huang Jing	Supervisors
Qian Long Bao	senior management

Harson Trading (China) Co (SHSE:603958) Headlines

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