Hangzhou Hopechart Iot Technology Co (SHSE:688288) Days Payable : 122.78 (As of Mar. 2024)

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What is Hangzhou Hopechart Iot Technology Co Days Payable?

Hangzhou Hopechart Iot Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥111.5 Mil. Hangzhou Hopechart Iot Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥82.9 Mil. Hence, Hangzhou Hopechart Iot Technology Co's Days Payable for the three months ended in Mar. 2024 was 122.78.

The historical rank and industry rank for Hangzhou Hopechart Iot Technology Co's Days Payable or its related term are showing as below:

SHSE:688288' s Days Payable Range Over the Past 10 Years
Min: 96.93 Med: 136.67 Max: 163.51
Current: 129.47

During the past 8 years, Hangzhou Hopechart Iot Technology Co's highest Days Payable was 163.51. The lowest was 96.93. And the median was 136.67.

SHSE:688288's Days Payable is ranked better than
80.12% of 2425 companies
in the Hardware industry
Industry Median: 68.07 vs SHSE:688288: 129.47

Hangzhou Hopechart Iot Technology Co's Days Payable increased from Mar. 2023 (102.38) to Mar. 2024 (122.78). It may suggest that Hangzhou Hopechart Iot Technology Co delayed paying its suppliers.

Hangzhou Hopechart Iot Technology Co Days Payable Historical Data

The historical data trend for Hangzhou Hopechart Iot Technology 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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Hangzhou Hopechart Iot Technology Co Days Payable Chart

Hangzhou Hopechart Iot Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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126.35

146.98

157.43

163.51

112.77

Hangzhou Hopechart Iot Technology 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															102.38	129.27	112.85	167.10	122.78

Competitive Comparison of Hangzhou Hopechart Iot Technology Co's Days Payable

For the Scientific & Technical Instruments subindustry, Hangzhou Hopechart Iot Technology 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.

Hangzhou Hopechart Iot Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hangzhou Hopechart Iot Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Hopechart Iot Technology Co's Days Payable falls into.

Hangzhou Hopechart Iot Technology 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.

Hangzhou Hopechart Iot Technology 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
=	( (51.068	+	101.324)	/	2 )	/	246.618	*	365
=	76.196					/	246.618	*	365
=	112.77

Hangzhou Hopechart Iot Technology 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
=	( (101.324	+	121.71)	/	2 )	/	82.877	*	365 / 4
=	111.517					/	82.877	*	365 / 4
=	122.78

Hangzhou Hopechart Iot Technology Co Days Payable Related Terms

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Hangzhou Hopechart Iot Technology Co (SHSE:688288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou Hopechart Iot Technology Co Ltd (SHSE:688288) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 400, Jianger Road, Changhe Street, Room 513, Building 2, Binjiang District, Zhejiang, Hangzhou, CHN, 310052

Website

http://www.hopechart.com

Hangzhou Hopechart Iot Technology Co Ltd is engaged in the development, production and sales of intelligent intelligent driving systems such as intelligent enhanced driving systems and advanced driver assistance systems.

Hangzhou Hopechart Iot Technology Co (SHSE:688288) Headlines

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