Anhui Higasket Plastics Co (SHSE:603150) Days Payable : 145.77 (As of Mar. 2024)

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What is Anhui Higasket Plastics Co Days Payable?

Anhui Higasket Plastics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥919 Mil. Anhui Higasket Plastics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥575 Mil. Hence, Anhui Higasket Plastics Co's Days Payable for the three months ended in Mar. 2024 was 145.77.

The historical rank and industry rank for Anhui Higasket Plastics Co's Days Payable or its related term are showing as below:

SHSE:603150' s Days Payable Range Over the Past 10 Years
Min: 68.94 Med: 137.5 Max: 149.48
Current: 131.47

During the past 9 years, Anhui Higasket Plastics Co's highest Days Payable was 149.48. The lowest was 68.94. And the median was 137.50.

SHSE:603150's Days Payable is ranked better than
80.73% of 2424 companies
in the Hardware industry
Industry Median: 68.11 vs SHSE:603150: 131.47

Anhui Higasket Plastics Co's Days Payable declined from Mar. 2023 (173.77) to Mar. 2024 (145.77). It may suggest that Anhui Higasket Plastics Co accelerated paying its suppliers.

Anhui Higasket Plastics Co Days Payable Historical Data

The historical data trend for Anhui Higasket Plastics 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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Anhui Higasket Plastics Co Days Payable Chart

Anhui Higasket Plastics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

141.24

137.50

146.81

149.48

141.16

Anhui Higasket Plastics Co Quarterly Data
	Dec15	Dec16	Jun17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															173.77	124.55	143.54	122.43	145.77

Competitive Comparison of Anhui Higasket Plastics Co's Days Payable

For the Electronic Components subindustry, Anhui Higasket Plastics 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.

Anhui Higasket Plastics Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Anhui Higasket Plastics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Anhui Higasket Plastics Co's Days Payable falls into.

Anhui Higasket Plastics 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.

Anhui Higasket Plastics 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
=	( (571.677	+	957.212)	/	2 )	/	1976.62	*	365
=	764.4445					/	1976.62	*	365
=	141.16

Anhui Higasket Plastics 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
=	( (957.212	+	880.539)	/	2 )	/	575.201	*	365 / 4
=	918.8755					/	575.201	*	365 / 4
=	145.77

Anhui Higasket Plastics Co Days Payable Related Terms

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Anhui Higasket Plastics Co (SHSE:603150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anhui Higasket Plastics Co Ltd (SHSE:603150) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

North of Tangkou Road, Economic and Technological Development Zone, Anhui Province, Hefei, CHN, 230601

Website

http://www.higasket.com

Anhui Higasket Plastics Co Ltd is engaged in the research and development, production, processing and sales of various refrigerator plastic parts products.

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