Chongqing Hong Xi Technology Co (BJSE:871857) Days Payable : 122.22 (As of Mar. 2024)

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What is Chongqing Hong Xi Technology Co Days Payable?

Chongqing Hong Xi Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥129.5 Mil. Chongqing Hong Xi Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥96.6 Mil. Hence, Chongqing Hong Xi Technology Co's Days Payable for the three months ended in Mar. 2024 was 122.22.

The historical rank and industry rank for Chongqing Hong Xi Technology Co's Days Payable or its related term are showing as below:

BJSE:871857' s Days Payable Range Over the Past 10 Years
Min: 103.27 Med: 109.82 Max: 127.62
Current: 113.5

During the past 9 years, Chongqing Hong Xi Technology Co's highest Days Payable was 127.62. The lowest was 103.27. And the median was 109.82.

BJSE:871857's Days Payable is ranked better than
75.68% of 2426 companies
in the Hardware industry
Industry Median: 68.08 vs BJSE:871857: 113.50

Chongqing Hong Xi Technology Co's Days Payable increased from Mar. 2023 (89.97) to Mar. 2024 (122.22). It may suggest that Chongqing Hong Xi Technology Co delayed paying its suppliers.

Chongqing Hong Xi Technology Co Days Payable Historical Data

The historical data trend for Chongqing Hong Xi Technology 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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Chongqing Hong Xi Technology Co Days Payable Chart

Chongqing Hong Xi Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

123.76

117.60

109.82

108.14

103.51

Chongqing Hong Xi Technology Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															89.97	99.72	109.41	130.81	122.22

Competitive Comparison of Chongqing Hong Xi Technology Co's Days Payable

For the Electronic Components subindustry, Chongqing Hong Xi Technology 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.

Chongqing Hong Xi Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chongqing Hong Xi Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Hong Xi Technology Co's Days Payable falls into.

Chongqing Hong Xi Technology 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.

Chongqing Hong Xi Technology 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
=	( (74.285	+	129.421)	/	2 )	/	359.145	*	365
=	101.853					/	359.145	*	365
=	103.51

Chongqing Hong Xi Technology 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
=	( (129.421	+	129.484)	/	2 )	/	96.649	*	365 / 4
=	129.4525					/	96.649	*	365 / 4
=	122.22

Chongqing Hong Xi Technology Co Days Payable Related Terms

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Chongqing Hong Xi Technology Co (BJSE:871857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chongqing Hong Xi Technology Co Ltd (BJSE:871857) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 2868 Puti East Road, Changshou District, Chongqing, CHN, 401220

Website

http://www.hong-xi.cn

Chongqing Hong Xi Technology Co Ltd engages in the design, research and development, production, and sales of high-precision electronic wire components and miniature electroacoustic devices. The company's products mainly include extremely fine coaxial lines, very fine Teflon lines, and electronic wire, the company's products are mainly used in notebook computers, communications, digital and other products.

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