Hwaxin Environmental Co (SZSE:301265) Days Payable : 36.80 (As of Mar. 2024)

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What is Hwaxin Environmental Co Days Payable?

Hwaxin Environmental Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥24.9 Mil. Hwaxin Environmental Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥61.7 Mil. Hence, Hwaxin Environmental Co's Days Payable for the three months ended in Mar. 2024 was 36.80.

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

SZSE:301265' s Days Payable Range Over the Past 10 Years
Min: 21.06 Med: 30.91 Max: 51.83
Current: 21.51

During the past 7 years, Hwaxin Environmental Co's highest Days Payable was 51.83. The lowest was 21.06. And the median was 30.91.

SZSE:301265's Days Payable is ranked worse than
86.28% of 226 companies
in the Waste Management industry
Industry Median: 72.98 vs SZSE:301265: 21.51

Hwaxin Environmental Co's Days Payable increased from Mar. 2023 (30.06) to Mar. 2024 (36.80). It may suggest that Hwaxin Environmental Co delayed paying its suppliers.

Hwaxin Environmental Co Days Payable Historical Data

The historical data trend for Hwaxin Environmental 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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Hwaxin Environmental Co Days Payable Chart

Hwaxin Environmental Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.91

37.74

26.52

25.28

21.06

Hwaxin Environmental Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													30.06	20.93	20.28	16.52	36.80

Competitive Comparison of Hwaxin Environmental Co's Days Payable

For the Waste Management subindustry, Hwaxin Environmental 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.

Hwaxin Environmental Co's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Hwaxin Environmental Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hwaxin Environmental Co's Days Payable falls into.

Hwaxin Environmental 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.

Hwaxin Environmental 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
=	( (36.876	+	26.18)	/	2 )	/	546.297	*	365
=	31.528					/	546.297	*	365
=	21.06

Hwaxin Environmental 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
=	( (26.18	+	23.553)	/	2 )	/	61.667	*	365 / 4
=	24.8665					/	61.667	*	365 / 4
=	36.80

Hwaxin Environmental Co Days Payable Related Terms

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Hwaxin Environmental Co (SZSE:301265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hwaxin Environmental Co Ltd (SZSE:301265) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 3-9, No. 4, Jingsheng North 1st Street, Jinqiao Science and Technology Industrial Base, Tongzhou Park, Zhongguancun Science and Technology, Tongzhou District, Beijing, CHN, 101102

Website

http://www.hxepd.com

Hwaxin Environmental Co Ltd is a high-tech environmental protection enterprise specializing in the recycling and disposal of solid waste. Its main business includes electronic waste dismantling, scrapped motor vehicle dismantling, waste electronic equipment recycling Utilization and disposal of hazardous waste and others.

Hwaxin Environmental Co (SZSE:301265) Headlines

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