Sichuan Hexie Shuangma Co (SZSE:000935) Days Payable : 192.54 (As of Mar. 2024)

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What is Sichuan Hexie Shuangma Co Days Payable?

Sichuan Hexie Shuangma Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥216 Mil. Sichuan Hexie Shuangma Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥103 Mil. Hence, Sichuan Hexie Shuangma Co's Days Payable for the three months ended in Mar. 2024 was 192.54.

The historical rank and industry rank for Sichuan Hexie Shuangma Co's Days Payable or its related term are showing as below:

SZSE:000935' s Days Payable Range Over the Past 10 Years
Min: 49.65 Med: 96.41 Max: 148.32
Current: 132.85

During the past 13 years, Sichuan Hexie Shuangma Co's highest Days Payable was 148.32. The lowest was 49.65. And the median was 96.41.

SZSE:000935's Days Payable is ranked better than
62.53% of 467 companies
in the Asset Management industry
Industry Median: 74.53 vs SZSE:000935: 132.85

Sichuan Hexie Shuangma Co's Days Payable increased from Mar. 2023 (154.02) to Mar. 2024 (192.54). It may suggest that Sichuan Hexie Shuangma Co delayed paying its suppliers.

Sichuan Hexie Shuangma Co Days Payable Historical Data

The historical data trend for Sichuan Hexie Shuangma 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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Sichuan Hexie Shuangma Co Days Payable Chart

Sichuan Hexie Shuangma Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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110.53

102.42

79.63

104.11

137.84

Sichuan Hexie Shuangma 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															154.02	103.76	122.30	118.01	192.54

Competitive Comparison of Sichuan Hexie Shuangma Co's Days Payable

For the Asset Management subindustry, Sichuan Hexie Shuangma 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.

Sichuan Hexie Shuangma Co's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sichuan Hexie Shuangma Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sichuan Hexie Shuangma Co's Days Payable falls into.

Sichuan Hexie Shuangma 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.

Sichuan Hexie Shuangma 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
=	( (255.661	+	197.743)	/	2 )	/	600.291	*	365
=	226.702					/	600.291	*	365
=	137.84

Sichuan Hexie Shuangma 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
=	( (197.743	+	234.817)	/	2 )	/	102.502	*	365 / 4
=	216.28					/	102.502	*	365 / 4
=	192.54

Sichuan Hexie Shuangma Co Days Payable Related Terms

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Sichuan Hexie Shuangma Co (SZSE:000935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sichuan Hexie Shuangma Co Ltd (SZSE:000935) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Erlangmiao Town, Sichuan Province, Jiangyou, CHN, 610000

Website

http://www.sc-shuangma.com

Sichuan Hexie Shuangma Co Ltd is engaged in industrial investment and equity investment fund management. The company mainly manages assets including building materials manufacturing enterprises and equity investment fund management companies. Its building materials manufacturing enterprise business includes the production and sales of cement products and construction aggregates.

Executives

Feng Tao	Executives
Xie Jin Hua	Supervisors
Wang Qiao	Director
Li Feng Li	Supervisors
Zhang Yan Xue	Director

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