Huadi International Group Co (Huadi International Group Co) Days Payable : 31.24 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Huadi International Group Co Days Payable?

Huadi International Group Co's average Accounts Payable for the six months ended in Sep. 2023 was $6.81 Mil. Huadi International Group Co's Cost of Goods Sold for the six months ended in Sep. 2023 was $39.75 Mil. Hence, Huadi International Group Co's Days Payable for the six months ended in Sep. 2023 was 31.24.

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

HUDI' s Days Payable Range Over the Past 10 Years
Min: 8.27 Med: 11.14 Max: 28.69
Current: 28.69

During the past 6 years, Huadi International Group Co's highest Days Payable was 28.69. The lowest was 8.27. And the median was 11.14.

HUDI's Days Payable is ranked worse than
67.01% of 588 companies
in the Steel industry
Industry Median: 39.7 vs HUDI: 28.69

Huadi International Group Co's Days Payable increased from Sep. 2022 (19.04) to Sep. 2023 (31.24). It may suggest that Huadi International Group Co delayed paying its suppliers.

Huadi International Group Co Days Payable Historical Data

The historical data trend for Huadi International Group 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.

* Premium members only.

Huadi International Group Co Days Payable Chart

Huadi International Group Co Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

Get a 7-Day Free Trial

8.27

11.22

11.05

14.19

26.59

Huadi International Group Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial						7.99	16.36	19.04	27.88	31.24

Competitive Comparison of Huadi International Group Co's Days Payable

For the Steel subindustry, Huadi International Group 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.

Huadi International Group Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Huadi International Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Huadi International Group Co's Days Payable falls into.

Huadi International Group 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.

Huadi International Group Co's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (3.359	+	7.126)	/	2 )	/	71.976	*	365
=	5.2425					/	71.976	*	365
=	26.59

Huadi International Group Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (6.486	+	7.126)	/	2 )	/	39.754	*	365 / 2
=	6.806					/	39.754	*	365 / 2
=	31.24

Huadi International Group Co Days Payable Related Terms

Thank you for viewing the detailed overview of Huadi International Group Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Huadi International Group Co (Huadi International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huadi International Group Co Ltd (NAS:HUDI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1688 Tianzhong Street, Longwan District, Zhejiang Province, Wenzhou, CHN, 325025

Website

http://www.huadigroup.com

Huadi International Group Co Ltd is a manufacturer of industrial stainless steel seamless pipes and tubes products. Its products are used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, automobile and naval architecture, paper mill and mechanical industries. Products are exported to the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Geographically, majority revenue is generated from China.