Hezong Science and Technology Co (SZSE:300477) Days Payable : 320.00 (As of Mar. 2024)

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What is Hezong Science and Technology Co Days Payable?

Hezong Science and Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,256 Mil. Hezong Science and Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥643 Mil. Hence, Hezong Science and Technology Co's Days Payable for the three months ended in Mar. 2024 was 320.00.

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

SZSE:300477' s Days Payable Range Over the Past 10 Years
Min: 230.37 Med: 286.62 Max: 439.2
Current: 247.64

During the past 13 years, Hezong Science and Technology Co's highest Days Payable was 439.20. The lowest was 230.37. And the median was 286.62.

SZSE:300477's Days Payable is ranked better than
92.23% of 2934 companies
in the Industrial Products industry
Industry Median: 76.415 vs SZSE:300477: 247.64

Hezong Science and Technology Co's Days Payable declined from Mar. 2023 (344.09) to Mar. 2024 (320.00). It may suggest that Hezong Science and Technology Co accelerated paying its suppliers.

Hezong Science and Technology Co Days Payable Historical Data

The historical data trend for Hezong Science and Technology 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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Hezong Science and Technology Co Days Payable Chart

Hezong Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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346.30

439.20

301.38

246.83

271.85

Hezong Science and Technology 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															344.09	201.91	243.87	252.80	320.00

Competitive Comparison of Hezong Science and Technology Co's Days Payable

For the Electrical Equipment & Parts subindustry, Hezong Science and Technology 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.

Hezong Science and Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hezong Science and Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hezong Science and Technology Co's Days Payable falls into.

Hezong Science and Technology 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.

Hezong Science and Technology 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
=	( (1471.354	+	2451.634)	/	2 )	/	2633.571	*	365
=	1961.494					/	2633.571	*	365
=	271.85

Hezong Science and Technology 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
=	( (2451.634	+	2060.736)	/	2 )	/	643.358	*	365 / 4
=	2256.185					/	643.358	*	365 / 4
=	320.00

Hezong Science and Technology Co Days Payable Related Terms

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Hezong Science and Technology Co (SZSE:300477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hezong Science and Technology Co Ltd (SZSE:300477) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

D-1211, Jiahua Building, Shangdi Sanjie, Haidian District, Beijing, CHN, 100085

Website

http://www.hezong-tech.com

Hezong Science and Technology Co Ltd is a high tech company providing technological solutions to their customers of power distribution and control equipment in the power industry. It is one-stop solution provider of power distribution systems in China, they offer products ranging from gas insulated ring main units, MV/LV air insulated switchgear, prefabricated substation, pole-mounted switches, distribution automation terminals (FTU/DTU), distribution transformers, to cable branching switchgear.

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