Hengxin Shambala Culture Co (SZSE:300081) Days Payable : 489.73 (As of Mar. 2024)

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What is Hengxin Shambala Culture Co Days Payable?

Hengxin Shambala Culture Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥351.2 Mil. Hengxin Shambala Culture Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥65.4 Mil. Hence, Hengxin Shambala Culture Co's Days Payable for the three months ended in Mar. 2024 was 489.73.

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

SZSE:300081' s Days Payable Range Over the Past 10 Years
Min: 15.79 Med: 56.67 Max: 350.85
Current: 259.09

During the past 13 years, Hengxin Shambala Culture Co's highest Days Payable was 350.85. The lowest was 15.79. And the median was 56.67.

SZSE:300081's Days Payable is ranked better than
94.3% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs SZSE:300081: 259.09

Hengxin Shambala Culture Co's Days Payable increased from Mar. 2023 (221.30) to Mar. 2024 (489.73). It may suggest that Hengxin Shambala Culture Co delayed paying its suppliers.

Hengxin Shambala Culture Co Days Payable Historical Data

The historical data trend for Hengxin Shambala Culture 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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Hengxin Shambala Culture Co Days Payable Chart

Hengxin Shambala Culture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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105.20

124.87

71.00

143.09

350.85

Hengxin Shambala Culture 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															221.30	178.43	181.85	203.98	489.73

Competitive Comparison of Hengxin Shambala Culture Co's Days Payable

For the Communication Equipment subindustry, Hengxin Shambala Culture 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.

Hengxin Shambala Culture Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hengxin Shambala Culture Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hengxin Shambala Culture Co's Days Payable falls into.

Hengxin Shambala Culture 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.

Hengxin Shambala Culture 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
=	( (246.925	+	351.779)	/	2 )	/	311.424	*	365
=	299.352					/	311.424	*	365
=	350.85

Hengxin Shambala Culture 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
=	( (351.779	+	350.522)	/	2 )	/	65.429	*	365 / 4
=	351.1505					/	65.429	*	365 / 4
=	489.73

Hengxin Shambala Culture Co Days Payable Related Terms

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Hengxin Shambala Culture Co (SZSE:300081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengxin Shambala Culture Co Ltd (SZSE:300081) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.39, Tianshan Street, Development Zone, Hebei Province, Shijiazhuang, CHN, 050035

Website

http://www.hxgro.com

Hengxin Shambala Culture Co Ltd sells and services mobile information products for individual and industry customers in China. It offers mobile information products, such as customized terminal products; engages in the contract sales of mobile phone products; operates as an agent to carrier mobile video projects; and provides mobile e-commerce and technical support services.

Executives

Pan Chao	Directors, executives
Chen Wei	Executives
Wang Bing	Director
Fu Wei	Executives
Li Xiao Bo	Executives
Meng Xian Min	Directors, executives
Wen Jian Feng	Executives
Pei Jun	Directors, executives
Zhou Xiao Qi	Supervisors
Liu Xiao Jun	Supervisors
Xu Ze Min	Director
Dong Fang	Executives
You Wen Qin	Supervisors
Chen Liang	Executives
Qi Jian	Director

Hengxin Shambala Culture Co (SZSE:300081) Headlines

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