Hangzhou Refromer Holding Co (BJSE:833030) Days Payable : 299.22 (As of Mar. 2024)

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What is Hangzhou Refromer Holding Co Days Payable?

Hangzhou Refromer Holding Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥83.3 Mil. Hangzhou Refromer Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥25.4 Mil. Hence, Hangzhou Refromer Holding Co's Days Payable for the three months ended in Mar. 2024 was 299.22.

The historical rank and industry rank for Hangzhou Refromer Holding Co's Days Payable or its related term are showing as below:

BJSE:833030' s Days Payable Range Over the Past 10 Years
Min: 61.63 Med: 104.24 Max: 346.9
Current: 346.9

During the past 11 years, Hangzhou Refromer Holding Co's highest Days Payable was 346.90. The lowest was 61.63. And the median was 104.24.

BJSE:833030's Days Payable is ranked better than
96.79% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs BJSE:833030: 346.90

Hangzhou Refromer Holding Co's Days Payable increased from Dec. 2022 (0.00) to Mar. 2024 (299.22). It may suggest that Hangzhou Refromer Holding Co delayed paying its suppliers.

Hangzhou Refromer Holding Co Days Payable Historical Data

The historical data trend for Hangzhou Refromer Holding 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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Hangzhou Refromer Holding Co Days Payable Chart

Hangzhou Refromer Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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117.68

146.66

152.79

159.43

153.56

Hangzhou Refromer Holding Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															-	339.73	118.69	-	299.22

Competitive Comparison of Hangzhou Refromer Holding Co's Days Payable

For the Specialty Industrial Machinery subindustry, Hangzhou Refromer Holding 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.

Hangzhou Refromer Holding Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hangzhou Refromer Holding Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Refromer Holding Co's Days Payable falls into.

Hangzhou Refromer Holding 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.

Hangzhou Refromer Holding 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
=	( (105.078	+	89.965)	/	2 )	/	231.799	*	365
=	97.5215					/	231.799	*	365
=	153.56

Hangzhou Refromer Holding 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
=	( (89.965	+	76.579)	/	2 )	/	25.395	*	365 / 4
=	83.272					/	25.395	*	365 / 4
=	299.22

Hangzhou Refromer Holding Co Days Payable Related Terms

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Hangzhou Refromer Holding Co (BJSE:833030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Refromer Holding Co Ltd (BJSE:833030) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 780 Wen'er West Road, Building C, Xixi Ginza, Xihu, Zhejiang, Hangzhou, CHN, 310012

Website

https://www.reformer.com.cn

Hangzhou Refromer Holding Co Ltd is the country's leading smart IoT solution provider and operation service provider with identification technology as its core. Based on IoT technology, It provides equipment systems and operation services for smart parking, access control channels and safety emergency, as well as a complete set of solutions.

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