Qingdao Huicheng Environmental Technology Group Co (SZSE:300779) Days Payable : 63.28 (As of Mar. 2024)

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What is Qingdao Huicheng Environmental Technology Group Co Days Payable?

Qingdao Huicheng Environmental Technology Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥157 Mil. Qingdao Huicheng Environmental Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥227 Mil. Hence, Qingdao Huicheng Environmental Technology Group Co's Days Payable for the three months ended in Mar. 2024 was 63.28.

The historical rank and industry rank for Qingdao Huicheng Environmental Technology Group Co's Days Payable or its related term are showing as below:

SZSE:300779' s Days Payable Range Over the Past 10 Years
Min: 81.57 Med: 159 Max: 225.21
Current: 81.57

During the past 10 years, Qingdao Huicheng Environmental Technology Group Co's highest Days Payable was 225.21. The lowest was 81.57. And the median was 159.00.

SZSE:300779's Days Payable is ranked better than
53.12% of 224 companies
in the Waste Management industry
Industry Median: 75.725 vs SZSE:300779: 81.57

Qingdao Huicheng Environmental Technology Group Co's Days Payable declined from Mar. 2023 (108.37) to Mar. 2024 (63.28). It may suggest that Qingdao Huicheng Environmental Technology Group Co accelerated paying its suppliers.

Qingdao Huicheng Environmental Technology Group Co Days Payable Historical Data

The historical data trend for Qingdao Huicheng Environmental Technology Group 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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Qingdao Huicheng Environmental Technology Group Co Days Payable Chart

Qingdao Huicheng Environmental Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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169.38

160.05

225.21

202.24

82.73

Qingdao Huicheng Environmental Technology Group 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															108.37	94.07	99.86	76.79	63.28

Competitive Comparison of Qingdao Huicheng Environmental Technology Group Co's Days Payable

For the Waste Management subindustry, Qingdao Huicheng Environmental Technology Group 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.

Qingdao Huicheng Environmental Technology Group Co's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Qingdao Huicheng Environmental Technology Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingdao Huicheng Environmental Technology Group Co's Days Payable falls into.

Qingdao Huicheng Environmental Technology Group 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.

Qingdao Huicheng Environmental Technology Group 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
=	( (170.978	+	158.017)	/	2 )	/	725.73	*	365
=	164.4975					/	725.73	*	365
=	82.73

Qingdao Huicheng Environmental Technology Group 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
=	( (158.017	+	156.465)	/	2 )	/	226.735	*	365 / 4
=	157.241					/	226.735	*	365 / 4
=	63.28

Qingdao Huicheng Environmental Technology Group Co Days Payable Related Terms

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Qingdao Huicheng Environmental Technology Group Co (SZSE:300779) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Qingdao Huicheng Environmental Technology Group Co Ltd (SZSE:300779) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 57, Huaihe East Road, Economic and Technological Development Zone, Shandong Province, Qingdao, CHN, 266000

Website

http://hcpect.com

Qingdao Huicheng Environmental Technology Group Co Ltd is a China based company engaged in providing waste catalyst treatment and disposal services for refining enterprises, research and development, production and sales of waste catalyst resources for comprehensive utilization of products.

Executives

Xu Gui Shan	Executives
Li Zheng	Executives
Ru Fan	Securities Affairs Representative

Qingdao Huicheng Environmental Technology Group Co (SZSE:300779) Headlines

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