Wuxi Huadong Heavy Machinery Co (SZSE:002685) Days Payable : 348.09 (As of Mar. 2024)

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What is Wuxi Huadong Heavy Machinery Co Days Payable?

Wuxi Huadong Heavy Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥590.8 Mil. Wuxi Huadong Heavy Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥154.9 Mil. Hence, Wuxi Huadong Heavy Machinery Co's Days Payable for the three months ended in Mar. 2024 was 348.09.

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

SZSE:002685' s Days Payable Range Over the Past 10 Years
Min: 14.44 Med: 29.3 Max: 286.27
Current: 286.27

During the past 13 years, Wuxi Huadong Heavy Machinery Co's highest Days Payable was 286.27. The lowest was 14.44. And the median was 29.30.

SZSE:002685's Days Payable is ranked better than
96.1% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.84 vs SZSE:002685: 286.27

Wuxi Huadong Heavy Machinery Co's Days Payable increased from Mar. 2023 (116.47) to Mar. 2024 (348.09). It may suggest that Wuxi Huadong Heavy Machinery Co delayed paying its suppliers.

Wuxi Huadong Heavy Machinery Co Days Payable Historical Data

The historical data trend for Wuxi Huadong Heavy Machinery 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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Wuxi Huadong Heavy Machinery Co Days Payable Chart

Wuxi Huadong Heavy Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.44

27.52

25.41

109.43

276.98

Wuxi Huadong Heavy Machinery 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															116.47	173.42	332.92	310.96	348.09

Competitive Comparison of Wuxi Huadong Heavy Machinery Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Wuxi Huadong Heavy Machinery 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.

Wuxi Huadong Heavy Machinery Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Wuxi Huadong Heavy Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Wuxi Huadong Heavy Machinery Co's Days Payable falls into.

Wuxi Huadong Heavy Machinery 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.

Wuxi Huadong Heavy Machinery 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
=	( (287.58	+	659.641)	/	2 )	/	624.127	*	365
=	473.6105					/	624.127	*	365
=	276.98

Wuxi Huadong Heavy Machinery 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
=	( (659.641	+	522.043)	/	2 )	/	154.885	*	365 / 4
=	590.842					/	154.885	*	365 / 4
=	348.09

Wuxi Huadong Heavy Machinery Co Days Payable Related Terms

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Wuxi Huadong Heavy Machinery Co (SZSE:002685) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wuxi Huadong Heavy Machinery Co Ltd (SZSE:002685) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 508 Gaolang East Road, 24th Floor, Block B, Huafa Sensing Building, Binhu District, Wuxi, CHN, 214131

Website

http://www.hdhm.com

Wuxi Huadong Heavy Machinery Co Ltd is engaged in the manufacturing and distribution of container handling equipment. Its product portfolio comprises ship-to-shore container cranes, rail-mounted gantry container cranes, rubber-tyred container cranes, general gantry cranes, portal cranes and other types of cranes. These cranes are widely used in domestic seaports. Besides, The company also exported its products to South Korea, Indonesia, Thailand, Bangladesh, Kazakhstan and other South-east Asia and West Asia countries.

Executives

Zhu Zhi Guo	Directors, executives
Sun Xin Wei	Independent director
Zhou Wen Yuan	Director
Xu Da Peng	Director, representative of securities affairs
Weng Yao Gen	Director
Chen Xiang	Supervisors
Gu Wen Yuan	Directors, executives
Weng Jie	Directors, executives

Wuxi Huadong Heavy Machinery Co (SZSE:002685) Headlines

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