Hubei Hongyu New Packaging Materials Co (BJSE:837174) Days Payable : 104.40 (As of Mar. 2024)

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What is Hubei Hongyu New Packaging Materials Co Days Payable?

Hubei Hongyu New Packaging Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥154.0 Mil. Hubei Hongyu New Packaging Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥134.6 Mil. Hence, Hubei Hongyu New Packaging Materials Co's Days Payable for the three months ended in Mar. 2024 was 104.40.

The historical rank and industry rank for Hubei Hongyu New Packaging Materials Co's Days Payable or its related term are showing as below:

BJSE:837174' s Days Payable Range Over the Past 10 Years
Min: 68.82 Med: 108.11 Max: 143.18
Current: 106.93

During the past 11 years, Hubei Hongyu New Packaging Materials Co's highest Days Payable was 143.18. The lowest was 68.82. And the median was 108.11.

BJSE:837174's Days Payable is ranked better than
82.14% of 364 companies
in the Packaging & Containers industry
Industry Median: 59.95 vs BJSE:837174: 106.93

Hubei Hongyu New Packaging Materials Co's Days Payable declined from Mar. 2023 (120.10) to Mar. 2024 (104.40). It may suggest that Hubei Hongyu New Packaging Materials Co accelerated paying its suppliers.

Hubei Hongyu New Packaging Materials Co Days Payable Historical Data

The historical data trend for Hubei Hongyu New Packaging Materials 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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Hubei Hongyu New Packaging Materials Co Days Payable Chart

Hubei Hongyu New Packaging Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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124.37

143.18

137.71

123.03

110.42

Hubei Hongyu New Packaging Materials Co Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															120.10	115.44	119.14	91.33	104.40

Competitive Comparison of Hubei Hongyu New Packaging Materials Co's Days Payable

For the Packaging & Containers subindustry, Hubei Hongyu New Packaging Materials 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.

Hubei Hongyu New Packaging Materials Co's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hubei Hongyu New Packaging Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hubei Hongyu New Packaging Materials Co's Days Payable falls into.

Hubei Hongyu New Packaging Materials 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.

Hubei Hongyu New Packaging Materials 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
=	( (188.666	+	160.003)	/	2 )	/	576.269	*	365
=	174.3345					/	576.269	*	365
=	110.42

Hubei Hongyu New Packaging Materials 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
=	( (160.003	+	148.022)	/	2 )	/	134.612	*	365 / 4
=	154.0125					/	134.612	*	365 / 4
=	104.40

Hubei Hongyu New Packaging Materials Co Days Payable Related Terms

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Hubei Hongyu New Packaging Materials Co (BJSE:837174) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hubei Hongyu New Packaging Materials Co Ltd (BJSE:837174) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Juxiang Avenue, Yaqueling Town, Yiling, Hubei, Yichang, CHN, 443113

Website

http://www.hybaocai.com

Hubei Hongyu New Packaging Materials Co Ltd is engaged in research & development, production and sales of color printing composite packaging products, injection molding products and blown film products. The company's leading products include high-barrier aluminum foil packaging, stand-up pouches, penguin pouches, high-temperature retort pouches, condiment anti-media packaging, cold drinks and frozen food packaging, snack food packaging, cup lid series functional packaging, pharmaceutical packaging, daily chemical washing products packaging, Pet food packaging, electronic product packaging, paper-plastic composite packaging, two-dimensional code traceable labels, medical breathable film, infant health packaging materials, food-grade injection molding containers, etc.

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