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Harden Technologies (Harden Technologies) Days Payable : 78.65 (As of Jun. 2023)


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What is Harden Technologies Days Payable?

Harden Technologies's average Accounts Payable for the six months ended in Jun. 2023 was $3.97 Mil. Harden Technologies's Cost of Goods Sold for the six months ended in Jun. 2023 was $9.20 Mil. Hence, Harden Technologies's Days Payable for the six months ended in Jun. 2023 was 78.65.

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

HAHA' s Days Payable Range Over the Past 10 Years
Min: 64.8   Med: 66.57   Max: 95.28
Current: 76.63

During the past 3 years, Harden Technologies's highest Days Payable was 95.28. The lowest was 64.80. And the median was 66.57.

HAHA's Days Payable is ranked better than
50.03% of 2928 companies
in the Industrial Products industry
Industry Median: 76.5 vs HAHA: 76.63

Harden Technologies's Days Payable declined from Jun. 2022 (83.63) to Jun. 2023 (78.65). It may suggest that Harden Technologies accelerated paying its suppliers.

Harden Technologies Days Payable Historical Data

The historical data trend for Harden Technologies'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.

Harden Technologies Days Payable Chart

Harden Technologies Annual Data
Trend Dec20 Dec21 Dec22
Days Payable
95.28 64.80 66.57

Harden Technologies Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Days Payable Get a 7-Day Free Trial 89.12 51.28 83.63 71.94 78.65

Competitive Comparison of Harden Technologies's Days Payable

For the Specialty Industrial Machinery subindustry, Harden Technologies'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.

Harden Technologies's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harden Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Harden Technologies's Days Payable falls into.


Harden Technologies 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.

Harden Technologies's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (3.967 + 3.999) / 2 ) / 21.839*365
=3.983 / 21.839*365
=66.57

Harden Technologies's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2022 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (3.999 + 3.933) / 2 ) / 9.203*365 / 2
=3.966 / 9.203*365 / 2
=78.65

* 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.

Harden Technologies Days Payable Related Terms

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Harden Technologies (Harden Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harden Technologies Inc (BATS:HAHA) » Definitions » Days Payable
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Traded in Other Exchanges
N/A
Address
No. 6 Jingye Road, Building 8, Torch Development Zone, Zhongshan, CHN, 528400
Website
https://www.siruide.com
Harden Technologies Inc is a waste management equipment and recycling equipment manufacturer in China, specializing in the manufacture of customized industrial shredders and material sorting machines and production lines.

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