Hongda Xingye Co (SZSE:002002) Days Payable : 323.20 (As of Sep. 2023)

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What is Hongda Xingye Co Days Payable?

Hongda Xingye Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥935 Mil. Hongda Xingye Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥264 Mil. Hence, Hongda Xingye Co's Days Payable for the three months ended in Sep. 2023 was 323.20.

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

SZSE:002002' s Days Payable Range Over the Past 10 Years
Min: 109.99 Med: 176.55 Max: 293.16
Current: 111.51

During the past 13 years, Hongda Xingye Co's highest Days Payable was 293.16. The lowest was 109.99. And the median was 176.55.

SZSE:002002's Days Payable is not ranked
in the Chemicals industry.
Industry Median: 60.44 vs SZSE:002002: 111.51

Hongda Xingye Co's Days Payable increased from Sep. 2022 (97.66) to Sep. 2023 (323.20). It may suggest that Hongda Xingye Co delayed paying its suppliers.

Hongda Xingye Co Days Payable Historical Data

The historical data trend for Hongda Xingye 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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Hongda Xingye Co Days Payable Chart

Hongda Xingye Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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163.15

221.67

240.17

141.75

109.99

Hongda Xingye Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															97.66	147.97	101.65	51.52	323.20

Competitive Comparison of Hongda Xingye Co's Days Payable

For the Specialty Chemicals subindustry, Hongda Xingye 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.

Hongda Xingye Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hongda Xingye Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hongda Xingye Co's Days Payable falls into.

Hongda Xingye 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.

Hongda Xingye Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1294.369	+	768.726)	/	2 )	/	3423.316	*	365
=	1031.5475					/	3423.316	*	365
=	109.99

Hongda Xingye Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (816.19	+	1053.372)	/	2 )	/	263.919	*	365 / 4
=	934.781					/	263.919	*	365 / 4
=	323.20

Hongda Xingye Co Days Payable Related Terms

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Hongda Xingye Co (SZSE:002002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hongda Xingye Co Ltd (SZSE:002002) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Guangzhou Circle Road, Guangzhou Circle, 28th Floor, Guangzhou, CHN, 510385

Website

http://www.002002.cn

Hongda Xingye Co Ltd is a Chinese chemical resource company. It is engaged in the manufacture and sale of chemical products. The business areas of the company are New materials, Environmental protection, and Electronic trading. It offers products like soil conditioner, desulfurizer; environmental modification engineering services such as soil remediation, desulfuration, and denitration; PVC new materials like PVC, modified PVC, PVC building formwork, PVC pharmaceutical packaging material, PVC ecological houses; rare earth new materials such as rare earth heat stabilizer and rare earth catalyst. In addition, the company also provide services of the business to business e-commerce, comprehensive logistics, technical support for large spot industrial raw materials.

Executives

Chen Yong	Supervisors
Liao Rui Hao	Independent director
Zhou Yi Feng	Directors, executives
Lin Shao Han	Secretary, Director
Liu Dong Sheng	Independent director
Wang Yu Yue	Directors, executives
Yu Jing	Securities Affairs Representative
Huang Ze Jun	Executives
Ni Bao Zhu	Executives
Fan Yu Ren	Director

Hongda Xingye Co (SZSE:002002) Headlines

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