HG Technologies Co (SZSE:300847) Days Payable : 36.27 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is HG Technologies Co Days Payable?

HG Technologies Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥88 Mil. HG Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥220 Mil. Hence, HG Technologies Co's Days Payable for the three months ended in Mar. 2024 was 36.27.

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

SZSE:300847' s Days Payable Range Over the Past 10 Years
Min: 34.45 Med: 60.36 Max: 78.2
Current: 35.46

During the past 13 years, HG Technologies Co's highest Days Payable was 78.20. The lowest was 34.45. And the median was 60.36.

SZSE:300847's Days Payable is ranked worse than
75.17% of 1502 companies
in the Chemicals industry
Industry Median: 60.55 vs SZSE:300847: 35.46

HG Technologies Co's Days Payable increased from Mar. 2023 (35.98) to Mar. 2024 (36.27). It may suggest that HG Technologies Co delayed paying its suppliers.

HG Technologies Co Days Payable Historical Data

The historical data trend for HG Technologies 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.

HG Technologies Co Days Payable Chart

HG Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

63.65

58.36

46.15

34.52

34.45

HG Technologies 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															35.98	37.55	37.76	30.87	36.27

Competitive Comparison of HG Technologies Co's Days Payable

For the Specialty Chemicals subindustry, HG Technologies 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.

HG Technologies Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, HG Technologies Co's Days Payable distribution charts can be found below:

* The bar in red indicates where HG Technologies Co's Days Payable falls into.

HG Technologies 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.

HG Technologies 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
=	( (79.887	+	83.759)	/	2 )	/	866.817	*	365
=	81.823					/	866.817	*	365
=	34.45

HG Technologies 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
=	( (83.759	+	91.354)	/	2 )	/	220.295	*	365 / 4
=	87.5565					/	220.295	*	365 / 4
=	36.27

HG Technologies Co Days Payable Related Terms

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

HG Technologies Co (SZSE:300847) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HG Technologies Co Ltd (SZSE:300847) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.12 Century Avenue, Development Zone, Hebei Province, Handan, CHN, 056000

Website

http://www.hg-oa.com

HG Technologies Co Ltd is engaged in production and sales of printing and copying electrostatic imaging consumables and imaging equipment. The company specialized in developing and manufacturing drums and toner for laser printers and copiers. It produces, and sells organic photoconductor drums, toners, toner cartridges, and parts; copiers, printers, fax machines, multifunction machines, and consumable materials and parts.

HG Technologies Co (SZSE:300847) Headlines

No Headlines