Shandong Hongyu Precision Machinery Co (SZSE:002890) Days Payable : 128.41 (As of Mar. 2024)

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What is Shandong Hongyu Precision Machinery Co Days Payable?

Shandong Hongyu Precision Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥125.1 Mil. Shandong Hongyu Precision Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥88.9 Mil. Hence, Shandong Hongyu Precision Machinery Co's Days Payable for the three months ended in Mar. 2024 was 128.41.

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

SZSE:002890' s Days Payable Range Over the Past 10 Years
Min: 86.15 Med: 126.72 Max: 167.08
Current: 167.08

During the past 12 years, Shandong Hongyu Precision Machinery Co's highest Days Payable was 167.08. The lowest was 86.15. And the median was 126.72.

SZSE:002890's Days Payable is ranked better than
80.58% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.58 vs SZSE:002890: 167.08

Shandong Hongyu Precision Machinery Co's Days Payable increased from Mar. 2023 (124.57) to Mar. 2024 (128.41). It may suggest that Shandong Hongyu Precision Machinery Co delayed paying its suppliers.

Shandong Hongyu Precision Machinery Co Days Payable Historical Data

The historical data trend for Shandong Hongyu Precision 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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Shandong Hongyu Precision Machinery Co Days Payable Chart

Shandong Hongyu Precision Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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129.63

86.15

104.85

135.30

150.88

Shandong Hongyu Precision 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															124.57	171.58	209.08	169.10	128.41

Competitive Comparison of Shandong Hongyu Precision Machinery Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Shandong Hongyu Precision 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.

Shandong Hongyu Precision Machinery Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

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

* The bar in red indicates where Shandong Hongyu Precision Machinery Co's Days Payable falls into.

Shandong Hongyu Precision 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.

Shandong Hongyu Precision 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
=	( (129.519	+	117.282)	/	2 )	/	298.525	*	365
=	123.4005					/	298.525	*	365
=	150.88

Shandong Hongyu Precision 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
=	( (117.282	+	132.908)	/	2 )	/	88.891	*	365 / 4
=	125.095					/	88.891	*	365 / 4
=	128.41

Shandong Hongyu Precision Machinery Co Days Payable Related Terms

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Shandong Hongyu Precision Machinery Co (SZSE:002890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Shandong Hongyu Precision Machinery Co Ltd (SZSE:002890) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

3 Hongyu Road, Hutou Ya Economic and Technological Industrial Park, Shandong Province, Laizhou, CHN, 261400

Website

http://www.sdhynj.net

Shandong Hongyu Precision Machinery Co Ltd is engaged in research & development, production and sales of tractor hydraulic lifts.

Executives

Ji Jun Sheng	Supervisors
Li Chun Yu	Executives
Liu Zhi Hong	Directors, Directors, and Executives
Zhang Li Jie	Executives
Liu Hai Xian	Supervisors
Lv Gui Lin	Executives
Zhang Zhi Guo	Independent director

Shandong Hongyu Precision Machinery Co (SZSE:002890) Headlines

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