Hi-Great Group Holding Co (Hi-Great Group Holding Co) Days Payable : 492.75 (As of Mar. 2024)

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What is Hi-Great Group Holding Co Days Payable?

Hi-Great Group Holding Co's average Accounts Payable for the three months ended in Mar. 2024 was $0.03 Mil. Hi-Great Group Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.01 Mil. Hence, Hi-Great Group Holding Co's Days Payable for the three months ended in Mar. 2024 was 492.75.

The historical rank and industry rank for Hi-Great Group Holding Co's Days Payable or its related term are showing as below:

HIGR' s Days Payable Range Over the Past 10 Years
Min: 88.1 Med: 96.9 Max: 138.94
Current: 115.7

During the past 3 years, Hi-Great Group Holding Co's highest Days Payable was 138.94. The lowest was 88.10. And the median was 96.90.

HIGR's Days Payable is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 46.105 vs HIGR: 115.70

Hi-Great Group Holding Co's Days Payable increased from Mar. 2023 (8.30) to Mar. 2024 (492.75). It may suggest that Hi-Great Group Holding Co delayed paying its suppliers.

Hi-Great Group Holding Co Days Payable Historical Data

The historical data trend for Hi-Great Group Holding 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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Hi-Great Group Holding Co Days Payable Chart

Hi-Great Group Holding Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

138.94

96.90

88.10

Hi-Great Group Holding Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial					8.30	25.55	77.83	326.98	492.75

Competitive Comparison of Hi-Great Group Holding Co's Days Payable

For the Packaged Foods subindustry, Hi-Great Group Holding 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.

Hi-Great Group Holding Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hi-Great Group Holding Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hi-Great Group Holding Co's Days Payable falls into.

Hi-Great Group Holding 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.

Hi-Great Group Holding 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
=	( (0.001	+	0.027)	/	2 )	/	0.058	*	365
=	0.014					/	0.058	*	365
=	88.10

Hi-Great Group Holding 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
=	( (0.027	+	0.027)	/	2 )	/	0.005	*	365 / 4
=	0.027					/	0.005	*	365 / 4
=	492.75

Hi-Great Group Holding Co Days Payable Related Terms

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Hi-Great Group Holding Co (Hi-Great Group Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hi-Great Group Holding Co (OTCPK:HIGR) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

http://www.asia-great.com

Hi-Great Group Holding Co is a development stage company that engages in sale of herbal supplements.

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