Jiangxi Hengda Hi-tech Co (SZSE:002591) Days Payable : 107.90 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Jiangxi Hengda Hi-tech Co Days Payable?

Jiangxi Hengda Hi-tech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥109.5 Mil. Jiangxi Hengda Hi-tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥92.6 Mil. Hence, Jiangxi Hengda Hi-tech Co's Days Payable for the three months ended in Mar. 2024 was 107.90.

The historical rank and industry rank for Jiangxi Hengda Hi-tech Co's Days Payable or its related term are showing as below:

SZSE:002591' s Days Payable Range Over the Past 10 Years
Min: 46.91 Med: 66.94 Max: 114.35
Current: 106.47

During the past 13 years, Jiangxi Hengda Hi-tech Co's highest Days Payable was 114.35. The lowest was 46.91. And the median was 66.94.

SZSE:002591's Days Payable is ranked better than
78.68% of 1501 companies
in the Chemicals industry
Industry Median: 60.59 vs SZSE:002591: 106.47

Jiangxi Hengda Hi-tech Co's Days Payable declined from Mar. 2023 (161.16) to Mar. 2024 (107.90). It may suggest that Jiangxi Hengda Hi-tech Co accelerated paying its suppliers.

Jiangxi Hengda Hi-tech Co Days Payable Historical Data

The historical data trend for Jiangxi Hengda Hi-tech 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.

* Premium members only.

Jiangxi Hengda Hi-tech Co Days Payable Chart

Jiangxi Hengda Hi-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

62.99

114.35

87.70

101.78

86.30

Jiangxi Hengda Hi-tech 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															161.16	126.70	127.04	83.84	107.90

Competitive Comparison of Jiangxi Hengda Hi-tech Co's Days Payable

For the Specialty Chemicals subindustry, Jiangxi Hengda Hi-tech 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.

Jiangxi Hengda Hi-tech Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangxi Hengda Hi-tech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangxi Hengda Hi-tech Co's Days Payable falls into.

Jiangxi Hengda Hi-tech 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.

Jiangxi Hengda Hi-tech 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
=	( (69.46	+	93.282)	/	2 )	/	344.167	*	365
=	81.371					/	344.167	*	365
=	86.30

Jiangxi Hengda Hi-tech 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
=	( (93.282	+	125.641)	/	2 )	/	92.574	*	365 / 4
=	109.4615					/	92.574	*	365 / 4
=	107.90

Jiangxi Hengda Hi-tech Co Days Payable Related Terms

Thank you for viewing the detailed overview of Jiangxi Hengda Hi-tech Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangxi Hengda Hi-tech Co (SZSE:002591) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Hengda Hi-tech Co Ltd (SZSE:002591) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 88 Jinlu North Road, High-tech Development Zone, Jiangxi, Nanchang, CHN, 330096

Website

http://www.heng-da.com

Jiangxi Hengda Hi-tech Co Ltd is engaged in the anti-wear and anti-corrosion business and internet marketing business. The products developed by the company are HDS anti-wear anti-corrosion coating wire protection, KM high temperature anti-corrosion coating protection, and MT wear resistant resist ceramic sheet protection.

Executives

Shao Ying Ping	Executives
Chen Sui Zhong	Director
Zhou Xiao Gen	Directors, executives
Wan Jian Ying	Executives
Nie Zheng	Executives
Cai Yun	Securities Affairs Representative
Hu En Xue	Directors, executives
Tang Ming Rong	Directors, executives
Peng Wei Hong	Directors, executives
Deng Guo Chang	Supervisors
Li Jian Min	Executives
Zhu Xing He	Director

Jiangxi Hengda Hi-tech Co (SZSE:002591) Headlines

No Headlines