Hillstone Networks Co (SHSE:688030) Days Payable : 266.52 (As of Mar. 2024)

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What is Hillstone Networks Co Days Payable?

Hillstone Networks Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥124.0 Mil. Hillstone Networks Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥42.5 Mil. Hence, Hillstone Networks Co's Days Payable for the three months ended in Mar. 2024 was 266.52.

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

SHSE:688030' s Days Payable Range Over the Past 10 Years
Min: 101.32 Med: 152.14 Max: 234.38
Current: 158.64

During the past 8 years, Hillstone Networks Co's highest Days Payable was 234.38. The lowest was 101.32. And the median was 152.14.

SHSE:688030's Days Payable is ranked better than
79.37% of 2526 companies
in the Software industry
Industry Median: 50.42 vs SHSE:688030: 158.64

Hillstone Networks Co's Days Payable declined from Mar. 2023 (271.59) to Mar. 2024 (266.52). It may suggest that Hillstone Networks Co accelerated paying its suppliers.

Hillstone Networks Co Days Payable Historical Data

The historical data trend for Hillstone Networks 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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Hillstone Networks Co Days Payable Chart

Hillstone Networks Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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111.53

195.66

234.38

228.47

184.49

Hillstone Networks 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															271.59	114.07	94.43	558.18	266.52

Competitive Comparison of Hillstone Networks Co's Days Payable

For the Software - Infrastructure subindustry, Hillstone Networks 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.

Hillstone Networks Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Hillstone Networks Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hillstone Networks Co's Days Payable falls into.

Hillstone Networks 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.

Hillstone Networks 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
=	( (160.608	+	136.559)	/	2 )	/	293.964	*	365
=	148.5835					/	293.964	*	365
=	184.49

Hillstone Networks 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
=	( (136.559	+	111.421)	/	2 )	/	42.451	*	365 / 4
=	123.99					/	42.451	*	365 / 4
=	266.52

Hillstone Networks Co Days Payable Related Terms

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Hillstone Networks Co (SHSE:688030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hillstone Networks Co Ltd (SHSE:688030) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Jingrun Road, Science and Technology Town, Suzhou, CHN, 215000

Website

https://www.hillstonenet.com

Hillstone Networks Co Ltd is a provider of enterprise network security and risk management solutions. Its customers include financial and educational institutions, government and service providers. The company offers visibility, intelligence and protection to ensure enterprises can comprehensively see, thoroughly understand and rapidly act against cyber-threats.

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