Hengdian Group Tospo Lighting Co (SHSE:603303) Days Payable : 225.95 (As of Mar. 2024)

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What is Hengdian Group Tospo Lighting Co Days Payable?

Hengdian Group Tospo Lighting Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,129 Mil. Hengdian Group Tospo Lighting Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥860 Mil. Hence, Hengdian Group Tospo Lighting Co's Days Payable for the three months ended in Mar. 2024 was 225.95.

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

SHSE:603303' s Days Payable Range Over the Past 10 Years
Min: 97.16 Med: 115.34 Max: 244.63
Current: 244.63

During the past 13 years, Hengdian Group Tospo Lighting Co's highest Days Payable was 244.63. The lowest was 97.16. And the median was 115.34.

SHSE:603303's Days Payable is ranked better than
91.74% of 2931 companies
in the Industrial Products industry
Industry Median: 76.42 vs SHSE:603303: 244.63

Hengdian Group Tospo Lighting Co's Days Payable increased from Mar. 2023 (177.41) to Mar. 2024 (225.95). It may suggest that Hengdian Group Tospo Lighting Co delayed paying its suppliers.

Hengdian Group Tospo Lighting Co Days Payable Historical Data

The historical data trend for Hengdian Group Tospo Lighting 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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Hengdian Group Tospo Lighting Co Days Payable Chart

Hengdian Group Tospo Lighting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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103.54

117.77

106.97

128.96

144.45

Hengdian Group Tospo Lighting 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															177.41	203.01	288.17	285.44	225.95

Competitive Comparison of Hengdian Group Tospo Lighting Co's Days Payable

For the Electrical Equipment & Parts subindustry, Hengdian Group Tospo Lighting 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.

Hengdian Group Tospo Lighting Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hengdian Group Tospo Lighting Co's Days Payable distribution charts can be found below:

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

Hengdian Group Tospo Lighting 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.

Hengdian Group Tospo Lighting 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
=	( (1299.03	+	1699.196)	/	2 )	/	3787.92	*	365
=	1499.113					/	3787.92	*	365
=	144.45

Hengdian Group Tospo Lighting 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
=	( (1699.196	+	2558.808)	/	2 )	/	859.808	*	365 / 4
=	2129.002					/	859.808	*	365 / 4
=	225.95

Hengdian Group Tospo Lighting Co Days Payable Related Terms

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Hengdian Group Tospo Lighting Co (SHSE:603303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hengdian Group Tospo Lighting Co Ltd (SHSE:603303) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Zhejiang Province Hengdian Electronic Industrial Park, Dongyang, CHN, 322118

Website

http://www.tospolighting.com.cn

Hengdian Group Tospo Lighting Co Ltd is a Chinese company engaged in designing and installation of lighting products. It provides LED light source products, interior lighting, professional lamps and lanterns, lighting control, structural components and other lighting products. LED light source products cover all kinds of bulbs, spotlights and decorative lights.

Executives

Wu Yi Xin	senior management
Ni Qiang	Director

Hengdian Group Tospo Lighting Co (SHSE:603303) Headlines

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