Jiangxi Hongdu Aviation Industry Co (SHSE:600316) Days Payable : 1,651.96 (As of Mar. 2024)

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What is Jiangxi Hongdu Aviation Industry Co Days Payable?

Jiangxi Hongdu Aviation Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥4,666 Mil. Jiangxi Hongdu Aviation Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥258 Mil. Hence, Jiangxi Hongdu Aviation Industry Co's Days Payable for the three months ended in Mar. 2024 was 1,651.96.

The historical rank and industry rank for Jiangxi Hongdu Aviation Industry Co's Days Payable or its related term are showing as below:

SHSE:600316' s Days Payable Range Over the Past 10 Years
Min: 173.44 Med: 248.17 Max: 552.77
Current: 456.75

During the past 13 years, Jiangxi Hongdu Aviation Industry Co's highest Days Payable was 552.77. The lowest was 173.44. And the median was 248.17.

SHSE:600316's Days Payable is ranked better than
95.3% of 298 companies
in the Aerospace & Defense industry
Industry Median: 75.38 vs SHSE:600316: 456.75

Jiangxi Hongdu Aviation Industry Co's Days Payable declined from Mar. 2023 (3,871.66) to Mar. 2024 (1,651.96). It may suggest that Jiangxi Hongdu Aviation Industry Co accelerated paying its suppliers.

Jiangxi Hongdu Aviation Industry Co Days Payable Historical Data

The historical data trend for Jiangxi Hongdu Aviation Industry 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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Jiangxi Hongdu Aviation Industry Co Days Payable Chart

Jiangxi Hongdu Aviation Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

173.44

227.05

234.89

297.95

552.77

Jiangxi Hongdu Aviation Industry 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															3,871.66	283.48	2,577.48	236.33	1,651.96

Competitive Comparison of Jiangxi Hongdu Aviation Industry Co's Days Payable

For the Aerospace & Defense subindustry, Jiangxi Hongdu Aviation Industry 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.

Jiangxi Hongdu Aviation Industry Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Jiangxi Hongdu Aviation Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangxi Hongdu Aviation Industry Co's Days Payable falls into.

Jiangxi Hongdu Aviation Industry 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.

Jiangxi Hongdu Aviation Industry 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
=	( (6133.65	+	4762.772)	/	2 )	/	3597.536	*	365
=	5448.211					/	3597.536	*	365
=	552.77

Jiangxi Hongdu Aviation Industry 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
=	( (4762.772	+	4568.72)	/	2 )	/	257.723	*	365 / 4
=	4665.746					/	257.723	*	365 / 4
=	1,651.96

Jiangxi Hongdu Aviation Industry Co Days Payable Related Terms

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Jiangxi Hongdu Aviation Industry Co (SHSE:600316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Jiangxi Hongdu Aviation Industry Co Ltd (SHSE:600316) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinxi Bridge, Jiangxi province, Nanchang, CHN, 330024

Website

http://www.hongdu-aviation.com

Jiangxi Hongdu Aviation Industry Co Ltd engages in the manufacture and sale of aviation products, motorcycles, and engines. The company operates through Trainer Business, Subcontract Production Business, and General Aviation Business segments. The main products of the K8 series jet trainer and the first teacher six-propeller trainer are exported to many countries and regions such as Asia, Africa, and the Americas. Further, the group act as the main export base for China's trainer aircraft, agricultural and forestry aircraft research and production bases and aviation foreign trade.

Executives

Jin Lei

senior management

Jiangxi Hongdu Aviation Industry Co (SHSE:600316) Headlines

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