Honghua Group (FRA:4HB) Days Payable : 228.69 (As of Jun. 2024)

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What is Honghua Group Days Payable?

Honghua Group's average Accounts Payable for the six months ended in Jun. 2024 was €397.1 Mil. Honghua Group's Cost of Goods Sold for the six months ended in Jun. 2024 was €316.9 Mil. Hence, Honghua Group's Days Payable for the six months ended in Jun. 2024 was 228.69.

The historical rank and industry rank for Honghua Group's Days Payable or its related term are showing as below:

FRA:4HB' s Days Payable Range Over the Past 10 Years
Min: 177.77 Med: 274.79 Max: 661.76
Current: 249.49

During the past 13 years, Honghua Group's highest Days Payable was 661.76. The lowest was 177.77. And the median was 274.79.

FRA:4HB's Days Payable is ranked better than
85.21% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs FRA:4HB: 249.49

Honghua Group's Days Payable declined from Jun. 2023 (293.00) to Jun. 2024 (228.69). It may suggest that Honghua Group accelerated paying its suppliers.

Honghua Group Days Payable Historical Data

The historical data trend for Honghua Group'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.

* Premium members only.

Honghua Group Days Payable Chart

Honghua Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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238.50

297.07

310.67

257.03

240.99

Honghua Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															281.65	218.48	293.00	257.74	228.69

Competitive Comparison of Honghua Group's Days Payable

For the Oil & Gas Equipment & Services subindustry, Honghua Group'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.

Honghua Group's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Honghua Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Honghua Group's Days Payable falls into.

Honghua Group 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.

Honghua Group'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
=	( (433.2	+	403.126)	/	2 )	/	633.336	*	365
=	418.163					/	633.336	*	365
=	240.99

Honghua Group's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (403.126	+	391.002)	/	2 )	/	316.87	*	365 / 2
=	397.064					/	316.87	*	365 / 2
=	228.69

Honghua Group Days Payable Related Terms

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Honghua Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Honghua Group Ltd (FRA:4HB) » Definitions » Days Payable

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Traded in Other Exchanges

00196:Hong Kong

Address

99 East Road, Information Park, Jinniu District, Sichuan, Chengdu, CHN, 610036

Website

http://www.hh-gltd.com

Honghua Group Ltd is engaged in manufacturing drilling rigs, oil and gas exploitation equipment, providing drilling services and fracturing. It manufactures conventional land drilling rigs, digital drilling rigs, accessories for drilling rigs, as well as the parts and components for the drilling rigs or the maintenance of the drilling rigs in operation. Its segments include Land drilling rigs; Parts and components and others; Drilling engineering services; and Fracturing. It derives a majority of revenue from Parts and components and others segment. Geographically it operates in the PRC, Americas, Middle East, Europe and Central Asia, South Asia and South East and Africa, of which prime revenue is derived from the PRC.

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