Weihai Huadong Automation Co (SZSE:002248) Days Payable : 59.04 (As of Jun. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Weihai Huadong Automation Co Days Payable?

Weihai Huadong Automation Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥51.2 Mil. Weihai Huadong Automation Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥79.2 Mil. Hence, Weihai Huadong Automation Co's Days Payable for the three months ended in Jun. 2024 was 59.04.

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

SZSE:002248' s Days Payable Range Over the Past 10 Years
Min: 62.67 Med: 180.24 Max: 340.73
Current: 62.67

During the past 13 years, Weihai Huadong Automation Co's highest Days Payable was 340.73. The lowest was 62.67. And the median was 180.24.

SZSE:002248's Days Payable is ranked worse than
59.93% of 2945 companies
in the Industrial Products industry
Industry Median: 75.44 vs SZSE:002248: 62.67

Weihai Huadong Automation Co's Days Payable declined from Jun. 2023 (60.07) to Jun. 2024 (59.04). It may suggest that Weihai Huadong Automation Co accelerated paying its suppliers.

Weihai Huadong Automation Co Days Payable Historical Data

The historical data trend for Weihai Huadong Automation 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.

Weihai Huadong Automation Co Days Payable Chart

Weihai Huadong Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

148.63

103.79

64.01

88.54

74.27

Weihai Huadong Automation Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															60.07	51.88	74.17	68.22	59.04

Competitive Comparison of Weihai Huadong Automation Co's Days Payable

For the Specialty Industrial Machinery subindustry, Weihai Huadong Automation 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.

Weihai Huadong Automation Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Weihai Huadong Automation Co's Days Payable falls into.

Weihai Huadong Automation 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.

Weihai Huadong Automation 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
=	( (47.645	+	43.85)	/	2 )	/	224.816	*	365
=	45.7475					/	224.816	*	365
=	74.27

Weihai Huadong Automation Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (51.257	+	51.177)	/	2 )	/	79.161	*	365 / 4
=	51.217					/	79.161	*	365 / 4
=	59.04

Weihai Huadong Automation Co Days Payable Related Terms

Thank you for viewing the detailed overview of Weihai Huadong Automation Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Weihai Huadong Automation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weihai Huadong Automation Co Ltd (SZSE:002248) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 305 Huoju Road, High Technology Industrial Development Zone, Weihai, Shandong, CHN, 264209

Website

http://www.huadongcnc.com

Weihai Huadong Automation Co Ltd operates in the general equipment manufacturing industry. The company is engaged in an ordinary machine tool manufacturing business. The products of the company include CNC gantry milling and boring machine which include fixed beam fixed column, fixed beam moving a column, and moving beam moving the column, CNC floor boring and milling machine series, CNC vertical lathe, and horizontal machining center.

Executives

Zhao Su Xia	Director
Lian Xiao Ming	Director
Tang Xu Wei	Executives
Liu Xu Hui	Supervisors
Liu Bo Zhe	Director
Tang Shi Xian	Director
Gao He Ming	Executives
Li Zhuang	Directors, executives
Liu Chuan Jin	Executives

Weihai Huadong Automation Co Headlines

No Headlines