Dalian Haosen Equipment Manufacturing Co (SHSE:688529) Days Payable : 182.91 (As of Mar. 2024)

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What is Dalian Haosen Equipment Manufacturing Co Days Payable?

Dalian Haosen Equipment Manufacturing Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥669 Mil. Dalian Haosen Equipment Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥334 Mil. Hence, Dalian Haosen Equipment Manufacturing Co's Days Payable for the three months ended in Mar. 2024 was 182.91.

The historical rank and industry rank for Dalian Haosen Equipment Manufacturing Co's Days Payable or its related term are showing as below:

SHSE:688529' s Days Payable Range Over the Past 10 Years
Min: 156.58 Med: 201.23 Max: 260.54
Current: 156.58

During the past 7 years, Dalian Haosen Equipment Manufacturing Co's highest Days Payable was 260.54. The lowest was 156.58. And the median was 201.23.

SHSE:688529's Days Payable is ranked better than
78.53% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs SHSE:688529: 156.58

Dalian Haosen Equipment Manufacturing Co's Days Payable declined from Mar. 2023 (228.35) to Mar. 2024 (182.91). It may suggest that Dalian Haosen Equipment Manufacturing Co accelerated paying its suppliers.

Dalian Haosen Equipment Manufacturing Co Days Payable Historical Data

The historical data trend for Dalian Haosen Equipment Manufacturing 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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Dalian Haosen Equipment Manufacturing Co Days Payable Chart

Dalian Haosen Equipment Manufacturing Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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212.74

193.92

170.63

201.23

187.52

Dalian Haosen Equipment Manufacturing 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															228.35	147.42	144.51	151.18	182.91

Competitive Comparison of Dalian Haosen Equipment Manufacturing Co's Days Payable

For the Specialty Industrial Machinery subindustry, Dalian Haosen Equipment Manufacturing 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.

Dalian Haosen Equipment Manufacturing Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dalian Haosen Equipment Manufacturing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Dalian Haosen Equipment Manufacturing Co's Days Payable falls into.

Dalian Haosen Equipment Manufacturing 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.

Dalian Haosen Equipment Manufacturing 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
=	( (807.723	+	677.678)	/	2 )	/	1445.607	*	365
=	742.7005					/	1445.607	*	365
=	187.52

Dalian Haosen Equipment Manufacturing 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
=	( (677.678	+	660.749)	/	2 )	/	333.86	*	365 / 4
=	669.2135					/	333.86	*	365 / 4
=	182.91

Dalian Haosen Equipment Manufacturing Co Days Payable Related Terms

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Dalian Haosen Equipment Manufacturing Co (SHSE:688529) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dalian Haosen Equipment Manufacturing Co Ltd (SHSE:688529) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Yingchengzi Industrial Park, Ganjingzi District, Liaoning Province, Dalian, CHN, 116036

Website

http://www.haosen.com.cn

Dalian Haosen Equipment Manufacturing Co Ltd is a company specializing in intelligent production line and intelligent equipment integration, which includes planning, R&D, design, assembly, debugging & integration, sales, service and turn-key engineering of intelligent production lines. The company's products include Power Lithium Battery Intelligent Production Line; Hydrogen Fuel Battery Intelligent Production Line; EV Drive Motor Intelligent Production Line; E-drive Production Line; BIW Welding Intelligent Production Line; Engine Intelligent Assembly Line; Transmission Intelligent Assembly Line; Retarder Production Line; Laser Technology & Equipment; and Manufacturing Execution System (MES) & Software.

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