Henan Chicheng Electric Co (BJSE:834407) Days Payable : 186.45 (As of Mar. 2024)

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What is Henan Chicheng Electric Co Days Payable?

Henan Chicheng Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥34.5 Mil. Henan Chicheng Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥16.9 Mil. Hence, Henan Chicheng Electric Co's Days Payable for the three months ended in Mar. 2024 was 186.45.

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

BJSE:834407' s Days Payable Range Over the Past 10 Years
Min: 81.03 Med: 117.61 Max: 141.29
Current: 113.45

During the past 11 years, Henan Chicheng Electric Co's highest Days Payable was 141.29. The lowest was 81.03. And the median was 117.61.

BJSE:834407's Days Payable is ranked better than
66.81% of 1606 companies
in the Construction industry
Industry Median: 76.71 vs BJSE:834407: 113.45

Henan Chicheng Electric Co's Days Payable increased from Mar. 2023 (122.19) to Mar. 2024 (186.45). It may suggest that Henan Chicheng Electric Co delayed paying its suppliers.

Henan Chicheng Electric Co Days Payable Historical Data

The historical data trend for Henan Chicheng 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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Henan Chicheng Electric Co Days Payable Chart

Henan Chicheng Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

124.92

135.41

141.29

120.71

126.97

Henan Chicheng Electric Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															122.19	101.66	95.82	105.19	186.45

Competitive Comparison of Henan Chicheng Electric Co's Days Payable

For the Building Products & Equipment subindustry, Henan Chicheng 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.

Henan Chicheng Electric Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Henan Chicheng Electric Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Henan Chicheng Electric Co's Days Payable falls into.

Henan Chicheng 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.

Henan Chicheng Electric 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
=	( (31.831	+	37.099)	/	2 )	/	99.074	*	365
=	34.465					/	99.074	*	365
=	126.97

Henan Chicheng Electric 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
=	( (37.099	+	31.953)	/	2 )	/	16.897	*	365 / 4
=	34.526					/	16.897	*	365 / 4
=	186.45

Henan Chicheng Electric Co Days Payable Related Terms

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Henan Chicheng Electric Co (BJSE:834407) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

No. 11, Changchun Road, Floor 17, Building B, Building 5, National University Science and Technology Park, High-tech Zone, Henan Province, Zhengzhou City, CHN, 450000

Website

https://www.cce-china.com

Henan Chicheng Electric Co Ltd is an enterprise integrating product research and development, manufacturing, marketing, and customer service. It is a manufacturer and supplier of gas safety products and system solutions. Its main products are: gas Detection and alarm instruments, alarm control systems and supporting equipment, intelligent sensors, safety and environmental protection analysis instruments and systems, safety monitoring software systems, smart cloud platforms, etc., which are widely used in electric power, electronics, metallurgy, chemical industry, petroleum, coal, mining, railways, medicine, and scientific research institutions.

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