Hebei Runnong Waterving Technology Co (BJSE:830964) Days Payable : 85.63 (As of Jun. 2024)

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What is Hebei Runnong Waterving Technology Co Days Payable?

Hebei Runnong Waterving Technology Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥120.6 Mil. Hebei Runnong Waterving Technology Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥128.5 Mil. Hence, Hebei Runnong Waterving Technology Co's Days Payable for the three months ended in Jun. 2024 was 85.63.

The historical rank and industry rank for Hebei Runnong Waterving Technology Co's Days Payable or its related term are showing as below:

BJSE:830964' s Days Payable Range Over the Past 10 Years
Min: 54.72 Med: 82.05 Max: 104.67
Current: 74

During the past 12 years, Hebei Runnong Waterving Technology Co's highest Days Payable was 104.67. The lowest was 54.72. And the median was 82.05.

BJSE:830964's Days Payable is ranked better than
51.94% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.915 vs BJSE:830964: 74.00

Hebei Runnong Waterving Technology Co's Days Payable increased from Jun. 2023 (55.03) to Jun. 2024 (85.63). It may suggest that Hebei Runnong Waterving Technology Co delayed paying its suppliers.

Hebei Runnong Waterving Technology Co Days Payable Historical Data

The historical data trend for Hebei Runnong Waterving Technology 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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Hebei Runnong Waterving Technology Co Days Payable Chart

Hebei Runnong Waterving Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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76.88

88.79

86.03

73.39

72.41

Hebei Runnong Waterving Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															55.03	94.26	44.18	103.49	85.63

Competitive Comparison of Hebei Runnong Waterving Technology Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Hebei Runnong Waterving Technology 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.

Hebei Runnong Waterving Technology Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hebei Runnong Waterving Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hebei Runnong Waterving Technology Co's Days Payable falls into.

Hebei Runnong Waterving Technology 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.

Hebei Runnong Waterving Technology 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
=	( (108.141	+	134.5)	/	2 )	/	611.584	*	365
=	121.3205					/	611.584	*	365
=	72.41

Hebei Runnong Waterving Technology Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (106.911	+	134.223)	/	2 )	/	128.48	*	365 / 4
=	120.567					/	128.48	*	365 / 4
=	85.63

Hebei Runnong Waterving Technology Co Days Payable Related Terms

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Hebei Runnong Waterving Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hebei Runnong Water saving Technology Co Ltd (BJSE:830964) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

South side of National Highway 102, Development Zone, Yutian County, Hebei Province, Tangshan, CHN, 064100

Website

http://www.hbrnjs.com

Hebei Runnong Water saving Technology Co Ltd is specializing in research and development, manufacturing, irrigation engineering design, and construction of water-saving irrigation products. The company product includes filter system for water-saving irrigation, automatic fertilization system, water-saving drip irrigation pipe (belt), frequency conversion control cabinet, sprinkler irrigation equipment, and others.

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