Hongbo Co (SZSE:002229) Days Payable : 81.03 (As of Mar. 2024)

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What is Hongbo Co Days Payable?

Hongbo Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥116.1 Mil. Hongbo Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥130.7 Mil. Hence, Hongbo Co's Days Payable for the three months ended in Mar. 2024 was 81.03.

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

SZSE:002229' s Days Payable Range Over the Past 10 Years
Min: 77.89 Med: 88.32 Max: 178.22
Current: 86.06

During the past 13 years, Hongbo Co's highest Days Payable was 178.22. The lowest was 77.89. And the median was 88.32.

SZSE:002229's Days Payable is ranked better than
71.35% of 925 companies
in the Business Services industry
Industry Median: 47.73 vs SZSE:002229: 86.06

Hongbo Co's Days Payable increased from Mar. 2023 (77.62) to Mar. 2024 (81.03). It may suggest that Hongbo Co delayed paying its suppliers.

Hongbo Co Days Payable Historical Data

The historical data trend for Hongbo 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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Hongbo Co Days Payable Chart

Hongbo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.85

87.79

77.89

82.16

83.82

Hongbo 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															77.62	88.88	84.51	94.76	81.03

Competitive Comparison of Hongbo Co's Days Payable

For the Specialty Business Services subindustry, Hongbo 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.

Hongbo Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hongbo Co's Days Payable distribution charts can be found below:

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

Hongbo 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.

Hongbo 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
=	( (94.17	+	119.433)	/	2 )	/	465.1	*	365
=	106.8015					/	465.1	*	365
=	83.82

Hongbo 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
=	( (119.433	+	112.745)	/	2 )	/	130.731	*	365 / 4
=	116.089					/	130.731	*	365 / 4
=	81.03

Hongbo Co Days Payable Related Terms

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Hongbo Co (SZSE:002229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hongbo Co Ltd (SZSE:002229) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136 Jinda Road, Jinshan Development Zone, Fujian Province, Fuzhou, CHN, 350002

Website

http://www.hb-print.com.cn

Hongbo Co Ltd is a China-based company engaged in the security printing business. It is involved in the printing of commercial bills in China. The company's main products are heat-sensitive paper tickets, general paper tickets and paper packaging products for office use. In addition, the company is also involved in the other businesses such as the Lottery industry, Security printing, Packaging industry, Color printing industry, Internet of things industry, and Business and interactive entertainment industry.

Executives

You You Luan	Directors, executives
He Ai Ping	Supervisors
Chen Xian Zhang	Secretary Dong
Zhou Mei Mei	Directors, executives
You Li Juan	Director
You Yu Xian	Director
Xie You Jun	Supervisors
Guo Bin	Executives
Wang Wen Jing	Supervisors
Yang You Lin	Director
Liu Yuan Hai	Supervisors
Zhang Jian Jun	Executives

Hongbo Co (SZSE:002229) Headlines

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