Zhejiang Huada New Materials Co (SHSE:605158) Days Payable : 183.81 (As of Mar. 2024)

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What is Zhejiang Huada New Materials Co Days Payable?

Zhejiang Huada New Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,965 Mil. Zhejiang Huada New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,472 Mil. Hence, Zhejiang Huada New Materials Co's Days Payable for the three months ended in Mar. 2024 was 183.81.

The historical rank and industry rank for Zhejiang Huada New Materials Co's Days Payable or its related term are showing as below:

SHSE:605158' s Days Payable Range Over the Past 10 Years
Min: 16.93 Med: 34.63 Max: 144.03
Current: 144.03

During the past 11 years, Zhejiang Huada New Materials Co's highest Days Payable was 144.03. The lowest was 16.93. And the median was 34.63.

SHSE:605158's Days Payable is ranked better than
90.65% of 588 companies
in the Steel industry
Industry Median: 41.41 vs SHSE:605158: 144.03

Zhejiang Huada New Materials Co's Days Payable increased from Mar. 2023 (160.72) to Mar. 2024 (183.81). It may suggest that Zhejiang Huada New Materials Co delayed paying its suppliers.

Zhejiang Huada New Materials Co Days Payable Historical Data

The historical data trend for Zhejiang Huada New Materials 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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Zhejiang Huada New Materials Co Days Payable Chart

Zhejiang Huada New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

17.35

19.22

28.28

84.02

142.92

Zhejiang Huada New Materials 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															160.72	144.31	120.99	129.39	183.81

Competitive Comparison of Zhejiang Huada New Materials Co's Days Payable

For the Steel subindustry, Zhejiang Huada New Materials 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.

Zhejiang Huada New Materials Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zhejiang Huada New Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Huada New Materials Co's Days Payable falls into.

Zhejiang Huada New Materials 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.

Zhejiang Huada New Materials 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
=	( (2599.027	+	2858.04)	/	2 )	/	6968.224	*	365
=	2728.5335					/	6968.224	*	365
=	142.92

Zhejiang Huada New Materials 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
=	( (2858.04	+	3072.338)	/	2 )	/	1472.008	*	365 / 4
=	2965.189					/	1472.008	*	365 / 4
=	183.81

Zhejiang Huada New Materials Co Days Payable Related Terms

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Zhejiang Huada New Materials Co (SHSE:605158) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhejiang Huada New Materials Co Ltd (SHSE:605158) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 198, Daqiao South Road, Dayuan Town, Fuyang District, Zhejiang Province, Hangzhou, CHN, 311413

Website

http://www.hdnew.cn

Zhejiang Huada New Materials Co Ltd is engaged in the research and development, production and sales of ultra-fine crystal cold-rolled steel plate, high-strength corrosion-resistant hot-dip zinc steel plate, color steel plate and coated color printing plate.

Zhejiang Huada New Materials Co (SHSE:605158) Headlines

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