Guangdong Hotata Technology Group Co (SHSE:603848) Days Payable : 174.28 (As of Mar. 2024)

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What is Guangdong Hotata Technology Group Co Days Payable?

Guangdong Hotata Technology Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥268 Mil. Guangdong Hotata Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥140 Mil. Hence, Guangdong Hotata Technology Group Co's Days Payable for the three months ended in Mar. 2024 was 174.28.

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

SHSE:603848' s Days Payable Range Over the Past 10 Years
Min: 42.81 Med: 90.43 Max: 198.23
Current: 103.18

During the past 11 years, Guangdong Hotata Technology Group Co's highest Days Payable was 198.23. The lowest was 42.81. And the median was 90.43.

SHSE:603848's Days Payable is ranked better than
71.43% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.03 vs SHSE:603848: 103.18

Guangdong Hotata Technology Group Co's Days Payable increased from Mar. 2023 (101.66) to Mar. 2024 (174.28). It may suggest that Guangdong Hotata Technology Group Co delayed paying its suppliers.

Guangdong Hotata Technology Group Co Days Payable Historical Data

The historical data trend for Guangdong Hotata Technology 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.

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Guangdong Hotata Technology Group Co Days Payable Chart

Guangdong Hotata Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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157.20

198.23

134.33

112.63

108.17

Guangdong Hotata Technology 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															101.66	85.36	114.00	85.56	174.28

Competitive Comparison of Guangdong Hotata Technology Group Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Hotata Technology 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.

Guangdong Hotata Technology Group Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Hotata Technology Group Co's Days Payable distribution charts can be found below:

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

Guangdong Hotata Technology 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.

Guangdong Hotata Technology 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
=	( (191.819	+	295.004)	/	2 )	/	821.328	*	365
=	243.4115					/	821.328	*	365
=	108.17

Guangdong Hotata Technology 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
=	( (295.004	+	241.17)	/	2 )	/	140.362	*	365 / 4
=	268.087					/	140.362	*	365 / 4
=	174.28

Guangdong Hotata Technology Group Co Days Payable Related Terms

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Guangdong Hotata Technology Group Co (SHSE:603848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong Hotata Technology Group Co Ltd (SHSE:603848) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

21 Shihua Road, Hualong Town Panyu District, Guangzhou, CHN, 511434

Website

http://www.hotata.com

Guangdong Hotata Technology Group Co Ltd is engaged in the research and development, production and sales of home products including racks and other home products. It produces laundry racks, step ladders, bathroom cabinets, bathtubs, and other products.

Guangdong Hotata Technology Group Co (SHSE:603848) Headlines

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