Hangzhou Huaguang Advanced Welding Materials Co (SHSE:688379) Days Payable : 51.53 (As of Mar. 2024)

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What is Hangzhou Huaguang Advanced Welding Materials Co Days Payable?

Hangzhou Huaguang Advanced Welding Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥180 Mil. Hangzhou Huaguang Advanced Welding Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥319 Mil. Hence, Hangzhou Huaguang Advanced Welding Materials Co's Days Payable for the three months ended in Mar. 2024 was 51.53.

The historical rank and industry rank for Hangzhou Huaguang Advanced Welding Materials Co's Days Payable or its related term are showing as below:

SHSE:688379' s Days Payable Range Over the Past 10 Years
Min: 7.27 Med: 12.84 Max: 39.77
Current: 39.77

During the past 12 years, Hangzhou Huaguang Advanced Welding Materials Co's highest Days Payable was 39.77. The lowest was 7.27. And the median was 12.84.

SHSE:688379's Days Payable is ranked worse than
80.23% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs SHSE:688379: 39.77

Hangzhou Huaguang Advanced Welding Materials Co's Days Payable increased from Mar. 2023 (37.20) to Mar. 2024 (51.53). It may suggest that Hangzhou Huaguang Advanced Welding Materials Co delayed paying its suppliers.

Hangzhou Huaguang Advanced Welding Materials Co Days Payable Historical Data

The historical data trend for Hangzhou Huaguang Advanced Welding 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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Hangzhou Huaguang Advanced Welding Materials Co Days Payable Chart

Hangzhou Huaguang Advanced Welding Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

11.83

12.65

19.11

30.52

37.22

Hangzhou Huaguang Advanced Welding 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															37.20	28.16	36.43	39.10	51.53

Competitive Comparison of Hangzhou Huaguang Advanced Welding Materials Co's Days Payable

For the Metal Fabrication subindustry, Hangzhou Huaguang Advanced Welding 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.

Hangzhou Huaguang Advanced Welding Materials Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hangzhou Huaguang Advanced Welding Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Huaguang Advanced Welding Materials Co's Days Payable falls into.

Hangzhou Huaguang Advanced Welding 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.

Hangzhou Huaguang Advanced Welding 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
=	( (104.149	+	147.487)	/	2 )	/	1234.003	*	365
=	125.818					/	1234.003	*	365
=	37.22

Hangzhou Huaguang Advanced Welding 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
=	( (147.487	+	213.146)	/	2 )	/	319.283	*	365 / 4
=	180.3165					/	319.283	*	365 / 4
=	51.53

Hangzhou Huaguang Advanced Welding Materials Co Days Payable Related Terms

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Hangzhou Huaguang Advanced Welding Materials Co (SHSE:688379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Huaguang Advanced Welding Materials Co Ltd (SHSE:688379) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 3, No. 82, Qihang Road, Renhe Street, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311107

Website

https://www.huaguangwelding.com

Hangzhou Huaguang Advanced Welding Materials Co Ltd is engaged in production and sales of brazing materials. The company specialises in the research and fabrication of a broad range of welding materials as well as providing the customers with total welding solutions. It produces copper-based and silver-based welding materials in the forms of rods, rings, wires, strips, foils, powder, paste, flux-cored and flux-coated with over 2,800 specifications. The products are widely applied to the industry of refrigeration, household appliances, machinery, electric appliances, aeronautics, petrochemical, automobiles, tools, hard alloys, measurements, new energy equipment, bathroom facilities, railroad systems, among others.

Executives

Fan Zhong Hua

Core technical personnel

Hangzhou Huaguang Advanced Welding Materials Co (SHSE:688379) Headlines

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