Hebei Fangda New Materials Co (BJSE:838163) Days Payable : 95.20 (As of Mar. 2024)

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What is Hebei Fangda New Materials Co Days Payable?

Hebei Fangda New Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥122.8 Mil. Hebei Fangda New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥117.7 Mil. Hence, Hebei Fangda New Materials Co's Days Payable for the three months ended in Mar. 2024 was 95.20.

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

BJSE:838163' s Days Payable Range Over the Past 10 Years
Min: 61.84 Med: 71.82 Max: 81.47
Current: 74.69

During the past 10 years, Hebei Fangda New Materials Co's highest Days Payable was 81.47. The lowest was 61.84. And the median was 71.82.

BJSE:838163's Days Payable is ranked better than
61.43% of 363 companies
in the Packaging & Containers industry
Industry Median: 59.64 vs BJSE:838163: 74.69

Hebei Fangda New Materials Co's Days Payable increased from Mar. 2023 (58.13) to Mar. 2024 (95.20). It may suggest that Hebei Fangda New Materials Co delayed paying its suppliers.

Hebei Fangda New Materials Co Days Payable Historical Data

The historical data trend for Hebei Fangda New 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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Hebei Fangda New Materials Co Days Payable Chart

Hebei Fangda New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.13

75.19

70.97

64.04

72.66

Hebei Fangda New Materials Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															58.13	57.23	59.52	67.68	95.20

Competitive Comparison of Hebei Fangda New Materials Co's Days Payable

For the Packaging & Containers subindustry, Hebei Fangda New 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.

Hebei Fangda New Materials Co's Days Payable Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where Hebei Fangda New Materials Co's Days Payable falls into.

Hebei Fangda New 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.

Hebei Fangda New 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
=	( (58.39	+	103.307)	/	2 )	/	406.123	*	365
=	80.8485					/	406.123	*	365
=	72.66

Hebei Fangda New 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
=	( (103.307	+	142.345)	/	2 )	/	117.728	*	365 / 4
=	122.826					/	117.728	*	365 / 4
=	95.20

Hebei Fangda New Materials Co Days Payable Related Terms

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Hebei Fangda New Materials Co (BJSE:838163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hebei Fangda New Materials Co Ltd (BJSE:838163) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 405, Yuanshi Street, Yuanshi County, Hebei Province, Shijiazhuang, CHN, 051134

Website

http://www.hbfd.cn

Hebei Fangda New Materials Co Ltd is engaged in the production and sales of logistics express packaging as well as research and development of adhesive materials.

Hebei Fangda New Materials Co (BJSE:838163) Headlines

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