Hefei Snowky Electric Co (SZSE:001387) Days Payable : 153.14 (As of Mar. 2024)

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What is Hefei Snowky Electric Co Days Payable?

Hefei Snowky Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥647 Mil. Hefei Snowky Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥386 Mil. Hence, Hefei Snowky Electric Co's Days Payable for the three months ended in Mar. 2024 was 153.14.

The historical rank and industry rank for Hefei Snowky Electric Co's Days Payable or its related term are showing as below:

SZSE:001387' s Days Payable Range Over the Past 10 Years
Min: 118.69 Med: 134.02 Max: 153.78
Current: 122.13

During the past 5 years, Hefei Snowky Electric Co's highest Days Payable was 153.78. The lowest was 118.69. And the median was 134.02.

SZSE:001387's Days Payable is ranked better than
78.66% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.35 vs SZSE:001387: 122.13

Hefei Snowky Electric Co's Days Payable increased from Mar. 2023 (146.59) to Mar. 2024 (153.14). It may suggest that Hefei Snowky Electric Co delayed paying its suppliers.

Hefei Snowky Electric Co Days Payable Historical Data

The historical data trend for Hefei Snowky Electric 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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Hefei Snowky Electric Co Days Payable Chart

Hefei Snowky Electric Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

151.83

153.78

119.79

134.02

118.69

Hefei Snowky Electric Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							146.59	114.74	122.37	116.34	153.14

Competitive Comparison of Hefei Snowky Electric Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Hefei Snowky Electric 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.

Hefei Snowky Electric Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hefei Snowky Electric Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hefei Snowky Electric Co's Days Payable falls into.

Hefei Snowky Electric 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.

Hefei Snowky Electric 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
=	( (618.324	+	709.529)	/	2 )	/	2041.659	*	365
=	663.9265					/	2041.659	*	365
=	118.69

Hefei Snowky Electric 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
=	( (709.529	+	585.073)	/	2 )	/	385.712	*	365 / 4
=	647.301					/	385.712	*	365 / 4
=	153.14

Hefei Snowky Electric Co Days Payable Related Terms

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Hefei Snowky Electric Co (SZSE:001387) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hefei Snowky Electric Co Ltd (SZSE:001387) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Website

Hefei Snowky Electric Co Ltd is mainly engaged in the research and development, production, and sales of refrigerators and commercial display cabinets, providing domestic and foreign brands with large refrigerators and commercial display cabinets with a volume of more than 400L and other products. Its products include Hand over door, Four doors, Three doors and French door refrigerators.

Hefei Snowky Electric Co (SZSE:001387) Headlines

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