Hengbao Co (SZSE:002104) Days Payable : 79.01 (As of Mar. 2024)

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What is Hengbao Co Days Payable?

Hengbao Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥141 Mil. Hengbao Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥162 Mil. Hence, Hengbao Co's Days Payable for the three months ended in Mar. 2024 was 79.01.

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

SZSE:002104' s Days Payable Range Over the Past 10 Years
Min: 64.01 Med: 87.85 Max: 103.35
Current: 64.01

During the past 13 years, Hengbao Co's highest Days Payable was 103.35. The lowest was 64.01. And the median was 87.85.

SZSE:002104's Days Payable is ranked worse than
59.63% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs SZSE:002104: 64.01

Hengbao Co's Days Payable increased from Mar. 2023 (74.84) to Mar. 2024 (79.01). It may suggest that Hengbao Co delayed paying its suppliers.

Hengbao Co Days Payable Historical Data

The historical data trend for Hengbao 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.

Hengbao Co Days Payable Chart

Hengbao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.42

101.53

103.35

92.83

65.56

Hengbao 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															74.84	63.73	50.83	57.59	79.01

Competitive Comparison of Hengbao Co's Days Payable

For the Business Equipment & Supplies subindustry, Hengbao 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.

Hengbao Co's Days Payable Distribution in the Industrial Products Industry

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

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

Hengbao 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.

Hengbao 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
=	( (162.085	+	149.862)	/	2 )	/	868.339	*	365
=	155.9735					/	868.339	*	365
=	65.56

Hengbao 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
=	( (149.862	+	131.157)	/	2 )	/	162.274	*	365 / 4
=	140.5095					/	162.274	*	365 / 4
=	79.01

Hengbao Co Days Payable Related Terms

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Hengbao Co (SZSE:002104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hengbao Co Ltd (SZSE:002104) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Hengtang Industrial Zone, Danyang, Jiangsu, CHN, 212355

Website

http://www.hengbao.com

Hengbao Co Ltd is engaged in a wide range of smart card products and technology solutions in China. Its business and products include banking IC card, telecommunication IC card, mobile payment product, online payment terminal, magnetic card, password card, ticket, Internet of Things, platform system, information security services and solutions.

Executives

Jiang Xiao Ping	Supervisors
Gan Ling	Supervisors
Zhao Zhang Jian	Directors, executives
Gao Shan	Director
Zhong Ying Jiu	Executives
Zhang Jian Ming	Directors, executives
Cao Zhi Xin	Directors, executives
Zhang Dong Yang	Director
Qian Yun Bao	Director
Jiang Hao Ran	Director
Wu Xiao Fang	Supervisors
Qian Ping	Supervisors
Tang Xiao Qin	Executives, within half a year of separation

Hengbao Co (SZSE:002104) Headlines

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