Zhejiang Hengwei Battery Co (SZSE:301222) Days Payable : 34.25 (As of Mar. 2024)

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What is Zhejiang Hengwei Battery Co Days Payable?

Zhejiang Hengwei Battery Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥39.2 Mil. Zhejiang Hengwei Battery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥104.4 Mil. Hence, Zhejiang Hengwei Battery Co's Days Payable for the three months ended in Mar. 2024 was 34.25.

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

SZSE:301222' s Days Payable Range Over the Past 10 Years
Min: 28.77 Med: 37.73 Max: 48.93
Current: 28.77

During the past 10 years, Zhejiang Hengwei Battery Co's highest Days Payable was 48.93. The lowest was 28.77. And the median was 37.73.

SZSE:301222's Days Payable is ranked worse than
89.89% of 2919 companies
in the Industrial Products industry
Industry Median: 76.62 vs SZSE:301222: 28.77

Zhejiang Hengwei Battery Co's Days Payable increased from Mar. 2023 (33.76) to Mar. 2024 (34.25). It may suggest that Zhejiang Hengwei Battery Co delayed paying its suppliers.

Zhejiang Hengwei Battery Co Days Payable Historical Data

The historical data trend for Zhejiang Hengwei Battery 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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Zhejiang Hengwei Battery Co Days Payable Chart

Zhejiang Hengwei Battery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

48.93

45.68

39.24

34.16

35.87

Zhejiang Hengwei Battery Co Quarterly Data
	Jun17	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															33.76	26.58	23.78	31.17	34.25

Competitive Comparison of Zhejiang Hengwei Battery Co's Days Payable

For the Electrical Equipment & Parts subindustry, Zhejiang Hengwei Battery 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.

Zhejiang Hengwei Battery Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Hengwei Battery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Hengwei Battery Co's Days Payable falls into.

Zhejiang Hengwei Battery 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.

Zhejiang Hengwei Battery 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
=	( (44.432	+	38.817)	/	2 )	/	423.501	*	365
=	41.6245					/	423.501	*	365
=	35.87

Zhejiang Hengwei Battery 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
=	( (38.817	+	39.593)	/	2 )	/	104.446	*	365 / 4
=	39.205					/	104.446	*	365 / 4
=	34.25

Zhejiang Hengwei Battery Co Days Payable Related Terms

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Zhejiang Hengwei Battery Co (SZSE:301222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Hengwei Battery Co Ltd (SZSE:301222) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 77 Zhengyang West Road, Youchegang, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314018

Website

http://www.hwbattery.com

Zhejiang Hengwei Battery Co Ltd is engaged in the production and sales of dry batteries and their accessories, and supporting small household appliances; research and development, manufacturing, sales and related technical services of battery parts and special equipment for battery production; engaged in import and export business.

Executives

Xu Yao Ting

Directors, executives

Zhejiang Hengwei Battery Co (SZSE:301222) Headlines

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