Hitevision Co (SZSE:002955) Days Payable : 117.04 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Hitevision Co Days Payable?

Hitevision Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥476 Mil. Hitevision Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥371 Mil. Hence, Hitevision Co's Days Payable for the three months ended in Mar. 2024 was 117.04.

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

SZSE:002955' s Days Payable Range Over the Past 10 Years
Min: 56.77 Med: 83.44 Max: 95.06
Current: 75.61

During the past 9 years, Hitevision Co's highest Days Payable was 95.06. The lowest was 56.77. And the median was 83.44.

SZSE:002955's Days Payable is ranked better than
56.31% of 2426 companies
in the Hardware industry
Industry Median: 68.08 vs SZSE:002955: 75.61

Hitevision Co's Days Payable increased from Mar. 2023 (94.28) to Mar. 2024 (117.04). It may suggest that Hitevision Co delayed paying its suppliers.

Hitevision Co Days Payable Historical Data

The historical data trend for Hitevision 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.

Hitevision Co Days Payable Chart

Hitevision Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

83.44

89.41

71.68

85.76

67.40

Hitevision 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															94.28	81.40	58.50	88.73	117.04

Competitive Comparison of Hitevision Co's Days Payable

For the Electronic Components subindustry, Hitevision 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.

Hitevision Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hitevision Co's Days Payable distribution charts can be found below:

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

Hitevision 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.

Hitevision 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
=	( (473.674	+	514.195)	/	2 )	/	2674.814	*	365
=	493.9345					/	2674.814	*	365
=	67.40

Hitevision 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
=	( (514.195	+	437.974)	/	2 )	/	371.185	*	365 / 4
=	476.0845					/	371.185	*	365 / 4
=	117.04

Hitevision Co Days Payable Related Terms

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

Hitevision Co (SZSE:002955) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hitevision Co Ltd (SZSE:002955) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Shangdi 3rd Street, Room C1104, Block C, Haidian District, Beijing, CHN, 100085

Website

http://www.honghe-tech.com

Hitevision Co Ltd is engaged in the design, development, production and sales of intelligent interactive display products and intelligent audiovisual solutions.

Executives

Lan Jia	Independent director
Xing Xiu Qing	Director
Zhao Hong Chan	Supervisors
Xie Fang	Executives

Hitevision Co (SZSE:002955) Headlines

No Headlines