Zhejiang Headman Machinery Co (SHSE:688577) Days Payable : 202.55 (As of Sep. 2024)

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What is Zhejiang Headman Machinery Co Days Payable?

Zhejiang Headman Machinery Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥281.0 Mil. Zhejiang Headman Machinery Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥126.6 Mil. Hence, Zhejiang Headman Machinery Co's Days Payable for the three months ended in Sep. 2024 was 202.55.

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

SHSE:688577' s Days Payable Range Over the Past 10 Years
Min: 163.89 Med: 188.24 Max: 220.37
Current: 163.89

During the past 8 years, Zhejiang Headman Machinery Co's highest Days Payable was 220.37. The lowest was 163.89. And the median was 188.24.

SHSE:688577's Days Payable is ranked better than
80.71% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs SHSE:688577: 163.89

Zhejiang Headman Machinery Co's Days Payable increased from Sep. 2023 (150.79) to Sep. 2024 (202.55). It may suggest that Zhejiang Headman Machinery Co delayed paying its suppliers.

Zhejiang Headman Machinery Co Days Payable Historical Data

The historical data trend for Zhejiang Headman Machinery 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 Headman Machinery Co Days Payable Chart

Zhejiang Headman Machinery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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181.08

195.39

220.37

203.21

172.67

Zhejiang Headman Machinery Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															150.79	126.79	180.80	163.80	202.55

Competitive Comparison of Zhejiang Headman Machinery Co's Days Payable

For the Specialty Industrial Machinery subindustry, Zhejiang Headman Machinery 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 Headman Machinery Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Headman Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Headman Machinery Co's Days Payable falls into.

Zhejiang Headman Machinery 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 Headman Machinery 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
=	( (228.424	+	231.135)	/	2 )	/	485.719	*	365
=	229.7795					/	485.719	*	365
=	172.67

Zhejiang Headman Machinery Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (276.888	+	285.154)	/	2 )	/	126.6	*	365 / 4
=	281.021					/	126.6	*	365 / 4
=	202.55

Zhejiang Headman Machinery Co Days Payable Related Terms

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Zhejiang Headman Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Headman Machinery Co Ltd (SHSE:688577) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beishantou, Damaiyu Street, Zhejiang Province, Yuhuan, CHN, 317604

Website

http://www.headman.cn

Zhejiang Headman Machinery Co Ltd is engaged in the research and development, design, production and sales of computer numerical control machines.

Executives

Gao Zhang Quan	Director
Ge Jian Wei	senior management
Zhang Jian Lin	senior management
He Li Yun	senior management
Bai Sheng Wen	Director
Lin Su Jun	senior management
Guo Xiu Hua	Director
Gao Zhao Chun	Director
Yong Shu Wei	senior management

Zhejiang Headman Machinery Co Headlines

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