Huizhong Instrumentation Co (SZSE:300371) Days Payable : 319.14 (As of Mar. 2024)

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What is Huizhong Instrumentation Co Days Payable?

Huizhong Instrumentation Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥82.4 Mil. Huizhong Instrumentation Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥23.6 Mil. Hence, Huizhong Instrumentation Co's Days Payable for the three months ended in Mar. 2024 was 319.14.

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

SZSE:300371' s Days Payable Range Over the Past 10 Years
Min: 76.61 Med: 112.25 Max: 182.7
Current: 141.9

During the past 13 years, Huizhong Instrumentation Co's highest Days Payable was 182.70. The lowest was 76.61. And the median was 112.25.

SZSE:300371's Days Payable is ranked better than
83.09% of 2425 companies
in the Hardware industry
Industry Median: 68.07 vs SZSE:300371: 141.90

Huizhong Instrumentation Co's Days Payable declined from Mar. 2023 (329.06) to Mar. 2024 (319.14). It may suggest that Huizhong Instrumentation Co accelerated paying its suppliers.

Huizhong Instrumentation Co Days Payable Historical Data

The historical data trend for Huizhong Instrumentation 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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Huizhong Instrumentation Co Days Payable Chart

Huizhong Instrumentation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

84.90

111.43

132.47

178.82

182.70

Huizhong Instrumentation 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															329.06	145.07	129.58	90.94	319.14

Competitive Comparison of Huizhong Instrumentation Co's Days Payable

For the Scientific & Technical Instruments subindustry, Huizhong Instrumentation 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.

Huizhong Instrumentation Co's Days Payable Distribution in the Hardware Industry

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

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

Huizhong Instrumentation 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.

Huizhong Instrumentation 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
=	( (151.963	+	88.419)	/	2 )	/	240.118	*	365
=	120.191					/	240.118	*	365
=	182.70

Huizhong Instrumentation 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
=	( (88.419	+	76.428)	/	2 )	/	23.567	*	365 / 4
=	82.4235					/	23.567	*	365 / 4
=	319.14

Huizhong Instrumentation Co Days Payable Related Terms

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Huizhong Instrumentation Co (SZSE:300371) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huizhong Instrumentation Co Ltd (SZSE:300371) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 126, Gaoxin West Road, Tangshan High-tech Industrial Development Zone, Hebei Province, Tangshan, CHN, 063020

Website

http://www.hzyb.com

Huizhong Instrumentation Co Ltd is engaged in the research and development of ultrasonic heat meters, ultrasonic water meters, ultrasonic flow meters and systems. The solutions offered by the company include smart water supply, intelligent hot, and water resource monitoring and management.

Executives

Zhang Ji Chuan	Director
Dong Jian Guo	Directors, executives
Wang Jian	Directors, executives
Chen Hui	Executives, directors
Zhang Li Xin	Director
Su Zhi Qiang	Directors, executives
Fu Die	Supervisors
Wang Yong Cun	Directors, executives

Huizhong Instrumentation Co (SZSE:300371) Headlines

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