Shaanxi Huaqin Technology Industry Co (SHSE:688281) Days Payable : 326.49 (As of Mar. 2024)

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What is Shaanxi Huaqin Technology Industry Co Days Payable?

Shaanxi Huaqin Technology Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥365.3 Mil. Shaanxi Huaqin Technology Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥102.1 Mil. Hence, Shaanxi Huaqin Technology Industry Co's Days Payable for the three months ended in Mar. 2024 was 326.49.

The historical rank and industry rank for Shaanxi Huaqin Technology Industry Co's Days Payable or its related term are showing as below:

SHSE:688281' s Days Payable Range Over the Past 10 Years
Min: 156.89 Med: 208.5 Max: 387.5
Current: 312.69

During the past 6 years, Shaanxi Huaqin Technology Industry Co's highest Days Payable was 387.50. The lowest was 156.89. And the median was 208.50.

SHSE:688281's Days Payable is ranked better than
89.9% of 297 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs SHSE:688281: 312.69

Shaanxi Huaqin Technology Industry Co's Days Payable declined from Mar. 2023 (353.61) to Mar. 2024 (326.49). It may suggest that Shaanxi Huaqin Technology Industry Co accelerated paying its suppliers.

Shaanxi Huaqin Technology Industry Co Days Payable Historical Data

The historical data trend for Shaanxi Huaqin Technology Industry 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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Shaanxi Huaqin Technology Industry Co Days Payable Chart

Shaanxi Huaqin Technology Industry Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

186.24

157.99

156.89

230.75

306.56

Shaanxi Huaqin Technology Industry Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												353.61	381.27	367.00	239.51	326.49

Competitive Comparison of Shaanxi Huaqin Technology Industry Co's Days Payable

For the Aerospace & Defense subindustry, Shaanxi Huaqin Technology Industry 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.

Shaanxi Huaqin Technology Industry Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Shaanxi Huaqin Technology Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shaanxi Huaqin Technology Industry Co's Days Payable falls into.

Shaanxi Huaqin Technology Industry 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.

Shaanxi Huaqin Technology Industry 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
=	( (255.787	+	394.831)	/	2 )	/	387.328	*	365
=	325.309					/	387.328	*	365
=	306.56

Shaanxi Huaqin Technology Industry 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
=	( (394.831	+	335.818)	/	2 )	/	102.104	*	365 / 4
=	365.3245					/	102.104	*	365 / 4
=	326.49

Shaanxi Huaqin Technology Industry Co Days Payable Related Terms

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Shaanxi Huaqin Technology Industry Co (SHSE:688281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Shaanxi Huaqin Technology Industry Co Ltd (SHSE:688281) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188 West Avenue, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710119

Website

http://www.huaqinkj.com

Shaanxi Huaqin Technology Industry Co Ltd specializes in the research and development, production and sales of stealth materials, camouflage materials and protective materials. The products and technologies are mainly used in the stealth of national defense weapons and equipment, the camouflage of important ground military targets and the surface protection of various equipment.

Executives

Li Peng	Senior management, core technical personnel
Huang Zhi Bin	Directors, senior managers, core technical personn
Xu Jian Sheng	senior management
Zhe Sheng Yang	Director
Zhou Wan Cheng	Directors, senior managers, core technical personn
Dou Yong Qing	Senior management, core technical personnel
Wang Jun Fang	senior management
Luo Fa	Director
Wu Teng Fei	Director
Sun Ji Zhou	Director

Shaanxi Huaqin Technology Industry Co (SHSE:688281) Headlines

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