Heatking Induction Technology (Shiyan) Co (BJSE:838670) Days Payable : 97.86 (As of Mar. 2024)

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What is Heatking Induction Technology (Shiyan) Co Days Payable?

Heatking Induction Technology (Shiyan) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥9.12 Mil. Heatking Induction Technology (Shiyan) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥8.50 Mil. Hence, Heatking Induction Technology (Shiyan) Co's Days Payable for the three months ended in Mar. 2024 was 97.86.

The historical rank and industry rank for Heatking Induction Technology (Shiyan) Co's Days Payable or its related term are showing as below:

BJSE:838670' s Days Payable Range Over the Past 10 Years
Min: 36.12 Med: 82.24 Max: 125.84
Current: 120.43

During the past 10 years, Heatking Induction Technology (Shiyan) Co's highest Days Payable was 125.84. The lowest was 36.12. And the median was 82.24.

BJSE:838670's Days Payable is ranked better than
69.68% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs BJSE:838670: 120.43

Heatking Induction Technology (Shiyan) Co's Days Payable declined from Mar. 2023 (194.49) to Mar. 2024 (97.86). It may suggest that Heatking Induction Technology (Shiyan) Co accelerated paying its suppliers.

Heatking Induction Technology (Shiyan) Co Days Payable Historical Data

The historical data trend for Heatking Induction Technology (Shiyan) 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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Heatking Induction Technology (Shiyan) Co Days Payable Chart

Heatking Induction Technology (Shiyan) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.79

82.76

96.70

81.72

125.84

Heatking Induction Technology (Shiyan) Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															194.49	176.60	134.86	106.37	97.86

Competitive Comparison of Heatking Induction Technology (Shiyan) Co's Days Payable

For the Specialty Industrial Machinery subindustry, Heatking Induction Technology (Shiyan) 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.

Heatking Induction Technology (Shiyan) Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Heatking Induction Technology (Shiyan) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Heatking Induction Technology (Shiyan) Co's Days Payable falls into.

Heatking Induction Technology (Shiyan) 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.

Heatking Induction Technology (Shiyan) 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
=	( (14.216	+	10.864)	/	2 )	/	36.371	*	365
=	12.54					/	36.371	*	365
=	125.84

Heatking Induction Technology (Shiyan) 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
=	( (10.864	+	7.372)	/	2 )	/	8.502	*	365 / 4
=	9.118					/	8.502	*	365 / 4
=	97.86

Heatking Induction Technology (Shiyan) Co Days Payable Related Terms

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Heatking Induction Technology (Shiyan) Co (BJSE:838670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Heatking Induction Technology (Shiyan) Co Ltd (BJSE:838670) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Pulin 1st Road, Pulin Industrial Park, Hubei Province, Shiyan City, CHN, 442000

Website

http://www.syheatking.com

Heatking Induction Technology (Shiyan) Co Ltd engages in research and development, production, sales, and technical services of medium and high-end CNC induction heat treatment complete sets of equipment and key functional components. Its products comprise induction heating, machine workpiece, automotive workpiece, wind power workpiece, Heating Industry, Military Workpiece, Standard Equipment, Heat Treatment, Cooling System, Monitoring System, Power Switch, Heating Transformer, and Heating Coils & Inductors.

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