Henan Thinker Automatic Equipment Co (SHSE:603508) Days Payable : 99.66 (As of Sep. 2024)

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What is Henan Thinker Automatic Equipment Co Days Payable?

Henan Thinker Automatic Equipment Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥134 Mil. Henan Thinker Automatic Equipment Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥122 Mil. Hence, Henan Thinker Automatic Equipment Co's Days Payable for the three months ended in Sep. 2024 was 99.66.

The historical rank and industry rank for Henan Thinker Automatic Equipment Co's Days Payable or its related term are showing as below:

SHSE:603508' s Days Payable Range Over the Past 10 Years
Min: 105.32 Med: 148.05 Max: 265.34
Current: 107.19

During the past 13 years, Henan Thinker Automatic Equipment Co's highest Days Payable was 265.34. The lowest was 105.32. And the median was 148.05.

SHSE:603508's Days Payable is ranked better than
72.64% of 2409 companies
in the Hardware industry
Industry Median: 68.79 vs SHSE:603508: 107.19

Henan Thinker Automatic Equipment Co's Days Payable declined from Sep. 2023 (147.40) to Sep. 2024 (99.66). It may suggest that Henan Thinker Automatic Equipment Co accelerated paying its suppliers.

Henan Thinker Automatic Equipment Co Days Payable Historical Data

The historical data trend for Henan Thinker Automatic Equipment 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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Henan Thinker Automatic Equipment Co Days Payable Chart

Henan Thinker Automatic Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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105.32

124.10

110.28

122.86

135.54

Henan Thinker Automatic Equipment Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															147.40	100.01	107.70	129.62	99.66

Competitive Comparison of Henan Thinker Automatic Equipment Co's Days Payable

For the Scientific & Technical Instruments subindustry, Henan Thinker Automatic Equipment 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.

Henan Thinker Automatic Equipment Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Henan Thinker Automatic Equipment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Henan Thinker Automatic Equipment Co's Days Payable falls into.

Henan Thinker Automatic Equipment 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.

Henan Thinker Automatic Equipment 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
=	( (152.191	+	171.316)	/	2 )	/	435.593	*	365
=	161.7535					/	435.593	*	365
=	135.54

Henan Thinker Automatic Equipment Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (126.171	+	141.21)	/	2 )	/	122.41	*	365 / 4
=	133.6905					/	122.41	*	365 / 4
=	99.66

Henan Thinker Automatic Equipment Co Days Payable Related Terms

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Henan Thinker Automatic Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Henan Thinker Automatic Equipment Co Ltd (SHSE:603508) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 97, Science Avenue, High-tech Zone, Henan Province, Zhengzhou, CHN, 450001

Website

http://www.hnthinker.com

Henan Thinker Automatic Equipment Co Ltd is engaged in Software and IT services. Its products include LKJ2000 train running monitor device, Wireless Shunting Locomotive Signaling and monitoring systems, and among others.

Executives

Sun Kun	senior management
Wang Pei Zeng	Supervisors
Su Zhan Zhan	senior management
Fang Wei	Director
Jie Zong Guang	Director
Zhao Jian Zhou	Director
Li Xin	Director
Wang Wei Ping	Director
Guo Jie	Director
Xu Jing Sheng	senior management
Luo Yong Jin	Supervisors
Qin Wei	senior management
Gao Ya Ju	senior management

Henan Thinker Automatic Equipment Co Headlines

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