Shanghai Haixin Group Co (SHSE:600851) Days Payable : 31.94 (As of Dec. 2023)

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What is Shanghai Haixin Group Co Days Payable?

Shanghai Haixin Group Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥44 Mil. Shanghai Haixin Group Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥125 Mil. Hence, Shanghai Haixin Group Co's Days Payable for the three months ended in Dec. 2023 was 31.94.

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

SHSE:600851' s Days Payable Range Over the Past 10 Years
Min: 33.96 Med: 53.72 Max: 70.94
Current: 34.02

During the past 13 years, Shanghai Haixin Group Co's highest Days Payable was 70.94. The lowest was 33.96. And the median was 53.72.

SHSE:600851's Days Payable is ranked worse than
76.33% of 469 companies
in the Conglomerates industry
Industry Median: 58.24 vs SHSE:600851: 34.02

Shanghai Haixin Group Co's Days Payable increased from Dec. 2022 (27.92) to Dec. 2023 (31.94). It may suggest that Shanghai Haixin Group Co delayed paying its suppliers.

Shanghai Haixin Group Co Days Payable Historical Data

The historical data trend for Shanghai Haixin Group 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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Shanghai Haixin Group Co Days Payable Chart

Shanghai Haixin Group Co Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.86

70.94

42.18

38.63

33.96

Shanghai Haixin Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															27.92	45.58	31.25	29.02	31.94

Competitive Comparison of Shanghai Haixin Group Co's Days Payable

For the Conglomerates subindustry, Shanghai Haixin Group 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.

Shanghai Haixin Group Co's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Shanghai Haixin Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Haixin Group Co's Days Payable falls into.

Shanghai Haixin Group 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.

Shanghai Haixin Group 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
=	( (77.929	+	39.605)	/	2 )	/	631.575	*	365
=	58.767					/	631.575	*	365
=	33.96

Shanghai Haixin Group Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (47.65	+	39.605)	/	2 )	/	124.658	*	365 / 4
=	43.6275					/	124.658	*	365 / 4
=	31.94

Shanghai Haixin Group Co Days Payable Related Terms

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Shanghai Haixin Group Co (SHSE:600851) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanghai Haixin Group Co Ltd (SHSE:600851) » Definitions » Days Payable

Traded in Other Exchanges

900917:China

Address

688 Changxing Road, Dongjing Songjiang, Shanghai, CHN, 201619

Website

http://www.haixin.com.cn

Shanghai Haixin Group Co Ltd is a China-based company engaged in the pharmaceuticals business. The Pharmaceutical segment is mainly engaged in the manufacture and sales of pharmaceutical products. Further, it is also involved in financial investment, industrial plant rental management, and textile products business. Geographically, the activities are carried out through China.

Shanghai Haixin Group Co (SHSE:600851) Headlines

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