Weihaishi Honglin Electronic Co (SZSE:301439) Days Payable : 134.29 (As of Mar. 2024)

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What is Weihaishi Honglin Electronic Co Days Payable?

Weihaishi Honglin Electronic Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥815 Mil. Weihaishi Honglin Electronic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥554 Mil. Hence, Weihaishi Honglin Electronic Co's Days Payable for the three months ended in Mar. 2024 was 134.29.

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

SZSE:301439' s Days Payable Range Over the Past 10 Years
Min: 99.85 Med: 121.74 Max: 170.29
Current: 120.84

During the past 7 years, Weihaishi Honglin Electronic Co's highest Days Payable was 170.29. The lowest was 99.85. And the median was 121.74.

SZSE:301439's Days Payable is ranked better than
69.81% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs SZSE:301439: 120.84

Weihaishi Honglin Electronic Co's Days Payable increased from Mar. 2023 (95.07) to Mar. 2024 (134.29). It may suggest that Weihaishi Honglin Electronic Co delayed paying its suppliers.

Weihaishi Honglin Electronic Co Days Payable Historical Data

The historical data trend for Weihaishi Honglin Electronic 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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Weihaishi Honglin Electronic Co Days Payable Chart

Weihaishi Honglin Electronic Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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121.74

113.02

99.85

111.24

128.84

Weihaishi Honglin Electronic 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													95.07	95.68	117.04	153.66	134.29

Competitive Comparison of Weihaishi Honglin Electronic Co's Days Payable

For the Electrical Equipment & Parts subindustry, Weihaishi Honglin Electronic 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.

Weihaishi Honglin Electronic Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Weihaishi Honglin Electronic Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Weihaishi Honglin Electronic Co's Days Payable falls into.

Weihaishi Honglin Electronic 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.

Weihaishi Honglin Electronic 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
=	( (553.778	+	933.082)	/	2 )	/	2106.072	*	365
=	743.43					/	2106.072	*	365
=	128.84

Weihaishi Honglin Electronic 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
=	( (933.082	+	697.584)	/	2 )	/	554.019	*	365 / 4
=	815.333					/	554.019	*	365 / 4
=	134.29

Weihaishi Honglin Electronic Co Days Payable Related Terms

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Weihaishi Honglin Electronic Co (SZSE:301439) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weihaishi Honglin Electronic Co Ltd (SZSE:301439) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

9-10 Pudong Road, Weihai Economic and Technological Zone, Shandong Province, Weihai, CHN, 264205

Website

https://www.honglinpowertech.com

Weihaishi Honglin Electronic Co Ltd is engaged in the research and development, production and sales of power cord assemblies and special cables.

Weihaishi Honglin Electronic Co (SZSE:301439) Headlines

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