Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Days Payable : 53.32 (As of Mar. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Shandong Hualu-hengsheng Chemical Co Days Payable?

Shandong Hualu-hengsheng Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,641 Mil. Shandong Hualu-hengsheng Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6,232 Mil. Hence, Shandong Hualu-hengsheng Chemical Co's Days Payable for the three months ended in Mar. 2024 was 53.32.

The historical rank and industry rank for Shandong Hualu-hengsheng Chemical Co's Days Payable or its related term are showing as below:

SHSE:600426' s Days Payable Range Over the Past 10 Years
Min: 32.41 Med: 42.25 Max: 52.99
Current: 43.91

During the past 13 years, Shandong Hualu-hengsheng Chemical Co's highest Days Payable was 52.99. The lowest was 32.41. And the median was 42.25.

SHSE:600426's Days Payable is ranked worse than
67.18% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs SHSE:600426: 43.91

Shandong Hualu-hengsheng Chemical Co's Days Payable increased from Mar. 2023 (37.37) to Mar. 2024 (53.32). It may suggest that Shandong Hualu-hengsheng Chemical Co delayed paying its suppliers.

Shandong Hualu-hengsheng Chemical Co Days Payable Historical Data

The historical data trend for Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical Co Days Payable Chart

Shandong Hualu-hengsheng Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

42.63

40.39

38.57

32.41

45.94

Shandong Hualu-hengsheng Chemical 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															37.37	46.60	44.98	44.16	53.32

Competitive Comparison of Shandong Hualu-hengsheng Chemical Co's Days Payable

For the Chemicals subindustry, Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shandong Hualu-hengsheng Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Hualu-hengsheng Chemical Co's Days Payable falls into.

Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical 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
=	( (1624.115	+	3807.28)	/	2 )	/	21575.6	*	365
=	2715.6975					/	21575.6	*	365
=	45.94

Shandong Hualu-hengsheng Chemical 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
=	( (3807.28	+	3475.181)	/	2 )	/	6231.754	*	365 / 4
=	3641.2305					/	6231.754	*	365 / 4
=	53.32

Shandong Hualu-hengsheng Chemical Co Days Payable Related Terms

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

Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Hualu-hengsheng Chemical Co Ltd (SHSE:600426) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Number 24 Tianqu West Road, Decheng District, Shandong, Dezhou, CHN, 253024

Website

http://www.hl-hengsheng.com

Shandong Hualu-hengsheng Chemical Co Ltd manufactures and sells chemical materials and chemical fertilizers worldwide. The company offers chemical fertilizers, such as compound fertilizers, urea, ammonium bicarbonate, ammonium sulfate, and liquid fertilizers; DMF and organic amine products, including DMF, monomethylamine, dimethylamine, and trimethylamine; and acetic acid and acetic anhydride. It also provides new chemical materials comprising ethylene glycol, adipic acid, cyclohexanone, butyl alcohol, butanal, octyl alcohol, and melamine; basic chemicals that include nitric acid, methanol, liquid ammonia, and sulfur; and industrial gases, such as liquid oxygen, nitrogen, and argon.

Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Headlines

No Headlines