Xinjiang Hejin Holding Co (SZSE:000633) Days Payable : 21.40 (As of Mar. 2024)

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What is Xinjiang Hejin Holding Co Days Payable?

Xinjiang Hejin Holding Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥9.1 Mil. Xinjiang Hejin Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥38.6 Mil. Hence, Xinjiang Hejin Holding Co's Days Payable for the three months ended in Mar. 2024 was 21.40.

The historical rank and industry rank for Xinjiang Hejin Holding Co's Days Payable or its related term are showing as below:

SZSE:000633' s Days Payable Range Over the Past 10 Years
Min: 11.22 Med: 23.28 Max: 53.17
Current: 38.81

During the past 13 years, Xinjiang Hejin Holding Co's highest Days Payable was 53.17. The lowest was 11.22. And the median was 23.28.

SZSE:000633's Days Payable is ranked worse than
81.06% of 2925 companies
in the Industrial Products industry
Industry Median: 76.55 vs SZSE:000633: 38.81

Xinjiang Hejin Holding Co's Days Payable declined from Mar. 2023 (73.01) to Mar. 2024 (21.40). It may suggest that Xinjiang Hejin Holding Co accelerated paying its suppliers.

Xinjiang Hejin Holding Co Days Payable Historical Data

The historical data trend for Xinjiang Hejin Holding 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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Xinjiang Hejin Holding Co Days Payable Chart

Xinjiang Hejin Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.98

26.97

45.79

53.17

38.07

Xinjiang Hejin Holding 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															73.01	51.62	42.76	34.00	21.40

Competitive Comparison of Xinjiang Hejin Holding Co's Days Payable

For the Metal Fabrication subindustry, Xinjiang Hejin Holding 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.

Xinjiang Hejin Holding Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xinjiang Hejin Holding Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xinjiang Hejin Holding Co's Days Payable falls into.

Xinjiang Hejin Holding 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.

Xinjiang Hejin Holding 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
=	( (34.795	+	8.249)	/	2 )	/	206.336	*	365
=	21.522					/	206.336	*	365
=	38.07

Xinjiang Hejin Holding 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
=	( (8.249	+	9.859)	/	2 )	/	38.608	*	365 / 4
=	9.054					/	38.608	*	365 / 4
=	21.40

Xinjiang Hejin Holding Co Days Payable Related Terms

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Xinjiang Hejin Holding Co (SZSE:000633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinjiang Hejin Holding Co Ltd (SZSE:000633) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Hangzhou Avenue, Room 102, Electronic Industrial Park, Beijing Industrial Park, Xinjiang Uygur Autonomous Region, Hetian, CHN, 848099

Website

http://www.xjhjtz.net

Xinjiang Hejin Holding Co Ltd is engaged in the production and sales of nickel-based alloy materials. The company's main products are K-500, 718, R405, and other corrosion-resistant materials and welding materials, electric vacuum materials, electrical resistance materials, spark plug electrodes. Materials, temperature measuring materials, and other related products.

Xinjiang Hejin Holding Co (SZSE:000633) Headlines

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