Hangzhou Iron & Steel Co (SHSE:600126) Days Payable : 36.31 (As of Mar. 2024)

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What is Hangzhou Iron & Steel Co Days Payable?

Hangzhou Iron & Steel Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥6,311 Mil. Hangzhou Iron & Steel Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥15,861 Mil. Hence, Hangzhou Iron & Steel Co's Days Payable for the three months ended in Mar. 2024 was 36.31.

The historical rank and industry rank for Hangzhou Iron & Steel Co's Days Payable or its related term are showing as below:

SHSE:600126' s Days Payable Range Over the Past 10 Years
Min: 31.13 Med: 42.3 Max: 72.17
Current: 41.3

During the past 13 years, Hangzhou Iron & Steel Co's highest Days Payable was 72.17. The lowest was 31.13. And the median was 42.30.

SHSE:600126's Days Payable is ranked worse than
50.17% of 586 companies
in the Steel industry
Industry Median: 41.305 vs SHSE:600126: 41.30

Hangzhou Iron & Steel Co's Days Payable declined from Mar. 2023 (43.57) to Mar. 2024 (36.31). It may suggest that Hangzhou Iron & Steel Co accelerated paying its suppliers.

Hangzhou Iron & Steel Co Days Payable Historical Data

The historical data trend for Hangzhou Iron & Steel 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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Hangzhou Iron & Steel Co Days Payable Chart

Hangzhou Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.11

40.34

31.13

42.93

37.53

Hangzhou Iron & Steel Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															43.57	46.55	47.20	37.64	36.31

Competitive Comparison of Hangzhou Iron & Steel Co's Days Payable

For the Steel subindustry, Hangzhou Iron & Steel 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.

Hangzhou Iron & Steel Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hangzhou Iron & Steel Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Iron & Steel Co's Days Payable falls into.

Hangzhou Iron & Steel 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.

Hangzhou Iron & Steel 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
=	( (5167.699	+	6139.991)	/	2 )	/	54983.999	*	365
=	5653.845					/	54983.999	*	365
=	37.53

Hangzhou Iron & Steel 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
=	( (6139.991	+	6482.193)	/	2 )	/	15860.784	*	365 / 4
=	6311.092					/	15860.784	*	365 / 4
=	36.31

Hangzhou Iron & Steel Co Days Payable Related Terms

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Hangzhou Iron & Steel Co (SHSE:600126) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hangzhou Iron & Steel Co Ltd (SHSE:600126) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 178, Banshan Road, Gongshu District, Zhejiang Province, Hangzhou, CHN, 310022

Website

http://www.hzsteel.com

Hangzhou Iron & Steel Co Ltd is a China-based company primarily engaged in the manufacture and sale of steel products. Through its subsidiaries, the company produces hot-rolled coils and its products are carbon structural steels, low-alloy structural steels, cold-rolled or deep-drawn low-carbon steels, pipeline steels, automotive structural steels, container steels, shipbuilding steels, bridge steels, diamond plates, and other steels. The company is also engaged in providing environmental protection services, including sewage treatment services.

Hangzhou Iron & Steel Co (SHSE:600126) Headlines

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