Huafon Chemical Co (SZSE:002064) Days Payable : 79.17 (As of Mar. 2024)

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What is Huafon Chemical Co Days Payable?

Huafon Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥4,844 Mil. Huafon Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,583 Mil. Hence, Huafon Chemical Co's Days Payable for the three months ended in Mar. 2024 was 79.17.

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

SZSE:002064' s Days Payable Range Over the Past 10 Years
Min: 50.43 Med: 69.38 Max: 103.48
Current: 74.58

During the past 13 years, Huafon Chemical Co's highest Days Payable was 103.48. The lowest was 50.43. And the median was 69.38.

SZSE:002064's Days Payable is ranked better than
62.56% of 1501 companies
in the Chemicals industry
Industry Median: 60.59 vs SZSE:002064: 74.58

Huafon Chemical Co's Days Payable increased from Mar. 2023 (74.14) to Mar. 2024 (79.17). It may suggest that Huafon Chemical Co delayed paying its suppliers.

Huafon Chemical Co Days Payable Historical Data

The historical data trend for Huafon Chemical 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.

* Premium members only.

Huafon Chemical Co Days Payable Chart

Huafon Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

99.08

103.48

88.91

80.17

69.85

Huafon Chemical 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															74.14	76.11	70.08	72.60	79.17

Competitive Comparison of Huafon Chemical Co's Days Payable

For the Specialty Chemicals subindustry, Huafon Chemical 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.

Huafon Chemical Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Huafon Chemical Co's Days Payable falls into.

Huafon Chemical 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.

Huafon Chemical 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
=	( (3964.413	+	4555.97)	/	2 )	/	22262.192	*	365
=	4260.1915					/	22262.192	*	365
=	69.85

Huafon Chemical 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
=	( (4555.97	+	5132.555)	/	2 )	/	5583.312	*	365 / 4
=	4844.2625					/	5583.312	*	365 / 4
=	79.17

Huafon Chemical Co Days Payable Related Terms

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Huafon Chemical Co (SZSE:002064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Huafon Chemical Co Ltd (SZSE:002064) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xincheng Town Industrial Park, Zhejiang Province, Ruian, CHN, 325200

Website

http://www.spandex.com.cn

Huafon Chemical Co Ltd is a China-based company engaged in the production sales of spandex fiber, polyurethane stock solution and refined adipic acid.

Executives

Li Yi Lun	Secretary, Director
Pan Ji Chu	Directors, executives
Yu Zhi Li	Executives
Xu Ning	Executives
Xi Qing	Executives
You Xiao Ping	Director
Xu Shu Yuan	Executives
Lin Jian Yi	Director
Zhuo Rui Mian	Supervisors
Chen Lin Zhen	Director
You Jin Ming	Supervisors
Yang Qing Wen	Director
Yang Cong Deng	Directors, executives
Duan Wei Dong	Supervisors

Huafon Chemical Co (SZSE:002064) Headlines

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