Hengtong Optic-Electric Co (SHSE:600487) Days Payable : 91.34 (As of Sep. 2023)

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What is Hengtong Optic-Electric Co Days Payable?

Hengtong Optic-Electric Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥9,862 Mil. Hengtong Optic-Electric Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥9,853 Mil. Hence, Hengtong Optic-Electric Co's Days Payable for the three months ended in Sep. 2023 was 91.34.

The historical rank and industry rank for Hengtong Optic-Electric Co's Days Payable or its related term are showing as below:

SHSE:600487' s Days Payable Range Over the Past 10 Years
Min: 77.62 Med: 91.65 Max: 112.36
Current: 97.04

During the past 13 years, Hengtong Optic-Electric Co's highest Days Payable was 112.36. The lowest was 77.62. And the median was 91.65.

SHSE:600487's Days Payable is ranked better than
68.55% of 2420 companies
in the Hardware industry
Industry Median: 67.965 vs SHSE:600487: 97.04

Hengtong Optic-Electric Co's Days Payable declined from Sep. 2022 (100.35) to Sep. 2023 (91.34). It may suggest that Hengtong Optic-Electric Co accelerated paying its suppliers.

Hengtong Optic-Electric Co Days Payable Historical Data

The historical data trend for Hengtong Optic-Electric 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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Hengtong Optic-Electric Co Days Payable Chart

Hengtong Optic-Electric Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

92.59

112.36

106.15

89.85

90.71

Hengtong Optic-Electric Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															100.35	91.51	109.72	96.75	91.34

Competitive Comparison of Hengtong Optic-Electric Co's Days Payable

For the Communication Equipment subindustry, Hengtong Optic-Electric 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.

Hengtong Optic-Electric Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hengtong Optic-Electric Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hengtong Optic-Electric Co's Days Payable falls into.

Hengtong Optic-Electric 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.

Hengtong Optic-Electric Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (9514.522	+	10307.354)	/	2 )	/	39879.387	*	365
=	9910.938					/	39879.387	*	365
=	90.71

Hengtong Optic-Electric Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (9780.823	+	9943.393)	/	2 )	/	9852.582	*	365 / 4
=	9862.108					/	9852.582	*	365 / 4
=	91.34

Hengtong Optic-Electric Co Days Payable Related Terms

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Hengtong Optic-Electric Co (SHSE:600487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengtong Optic-Electric Co Ltd (SHSE:600487) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

100 Hangheng Road, Wujiang Economic Development Zone, Jiangsu Province, Suzhou, CHN, 215200

Website

http://www.htgd.com.cn

Hengtong Optic-Electric Co Ltd provides fiber optic communication products in China and internationally. It offers optical rod, optical fiber, optical cable, optical device, an optical network, and ocean optical network products; data communication products; power transmission products; and ocean engineering, quantum security communications, and big data, as well as rail transit and smart city products.

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