Hongda High-Tech Holding Co (SZSE:002144) Days Payable : 97.30 (As of Mar. 2024)

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What is Hongda High-Tech Holding Co Days Payable?

Hongda High-Tech Holding Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥89.6 Mil. Hongda High-Tech Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥84.1 Mil. Hence, Hongda High-Tech Holding Co's Days Payable for the three months ended in Mar. 2024 was 97.30.

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

SZSE:002144' s Days Payable Range Over the Past 10 Years
Min: 100.58 Med: 126.92 Max: 156.38
Current: 100.58

During the past 13 years, Hongda High-Tech Holding Co's highest Days Payable was 156.38. The lowest was 100.58. And the median was 126.92.

SZSE:002144's Days Payable is ranked better than
76.55% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.07 vs SZSE:002144: 100.58

Hongda High-Tech Holding Co's Days Payable declined from Mar. 2023 (136.80) to Mar. 2024 (97.30). It may suggest that Hongda High-Tech Holding Co accelerated paying its suppliers.

Hongda High-Tech Holding Co Days Payable Historical Data

The historical data trend for Hongda High-Tech Holding 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 High-Tech Holding Co Days Payable Chart

Hongda High-Tech Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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144.24

127.72

104.35

126.11

118.53

Hongda High-Tech Holding 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															136.80	114.70	96.63	89.59	97.30

Competitive Comparison of Hongda High-Tech Holding Co's Days Payable

For the Textile Manufacturing subindustry, Hongda High-Tech Holding 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 High-Tech Holding Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hongda High-Tech Holding Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hongda High-Tech Holding Co's Days Payable falls into.

Hongda High-Tech Holding 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 High-Tech Holding 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
=	( (136.9	+	95.329)	/	2 )	/	357.548	*	365
=	116.1145					/	357.548	*	365
=	118.53

Hongda High-Tech Holding 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
=	( (95.329	+	83.962)	/	2 )	/	84.073	*	365 / 4
=	89.6455					/	84.073	*	365 / 4
=	97.30

Hongda High-Tech Holding Co Days Payable Related Terms

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Hongda High-Tech Holding Co (SZSE:002144) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hongda High-Tech Holding Co Ltd (SZSE:002144) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 118 Jianshe Road, Xucun Town, Zhejiang, Haining, CHN, 314409

Website

http://www.zjhongda.com.cn

Hongda High-Tech Holding Co Ltd operates in the knitting industry. The products of the company include home textile fabric series, automotive interior fabric series, underwear, swimsuit elastic fabric, sports and leisure fabric series, and wilder medical devices.

Executives

Shen Guo Fu	Director
Lu Wei Min	Supervisors
Li Hong	Director
Gu Wei Feng	Executives
Ma Yue Juan	Directors, executives
Hu Lang Qiu	Director
Xu Jian Zhou	Executives
Mao Zhi Lin	Director
Zhang Jian Fu	Supervisors
Chen Wei Rong	Supervisors
Jin Min Juan	Director

Hongda High-Tech Holding Co (SZSE:002144) Headlines

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