Hangcha Group Co (SHSE:603298) Days Payable : 84.16 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Hangcha Group Co Days Payable?

Hangcha Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,056 Mil. Hangcha Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,314 Mil. Hence, Hangcha Group Co's Days Payable for the three months ended in Mar. 2024 was 84.16.

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

SHSE:603298' s Days Payable Range Over the Past 10 Years
Min: 58.71 Med: 62.53 Max: 78.84
Current: 78.84

During the past 13 years, Hangcha Group Co's highest Days Payable was 78.84. The lowest was 58.71. And the median was 62.53.

SHSE:603298's Days Payable is ranked better than
53.17% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.84 vs SHSE:603298: 78.84

Hangcha Group Co's Days Payable increased from Mar. 2023 (69.22) to Mar. 2024 (84.16). It may suggest that Hangcha Group Co delayed paying its suppliers.

Hangcha Group Co Days Payable Historical Data

The historical data trend for Hangcha 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.

Hangcha Group Co Days Payable Chart

Hangcha Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

59.71

61.11

62.45

67.15

66.85

Hangcha Group 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															69.22	70.97	71.24	80.47	84.16

Competitive Comparison of Hangcha Group Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Hangcha 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.

Hangcha Group Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hangcha Group Co's Days Payable distribution charts can be found below:

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

Hangcha 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.

Hangcha Group 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
=	( (2167.449	+	2554.003)	/	2 )	/	12889.751	*	365
=	2360.726					/	12889.751	*	365
=	66.85

Hangcha Group 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
=	( (2554.003	+	3558.165)	/	2 )	/	3313.509	*	365 / 4
=	3056.084					/	3313.509	*	365 / 4
=	84.16

Hangcha Group Co Days Payable Related Terms

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

Hangcha Group Co (SHSE:603298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hangcha Group Co Ltd (SHSE:603298) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

666 Xiangfu Road, Qingshan Lake Science and Technology City, Zhejiang, Hangzhou, CHN, 311305

Website

http://www.zjhc.cn

Hangcha Group Co Ltd is engaged in manufacturing of forklift truck. Its products include IC forklift truck, Electric forklift truck, warehouse equipment, tow tractors, side loading forklifts, explosion proof forklifts, empty container handlers and among others.

Executives

Jin Zhi Hao	senior management
Zhou Su Hua	senior management
Chen Sai Min	senior management
Zhao Li Min	Director
Chen Yuan Yuan	Supervisors
Li Yuan Song	senior management
Chen Wei Qiang	senior management
Ren Hai Hua	senior management

Hangcha Group Co (SHSE:603298) Headlines

No Headlines