Huarong Chemical Co (SZSE:301256) Days Payable : 24.87 (As of Mar. 2024)

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What is Huarong Chemical Co Days Payable?

Huarong Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥53 Mil. Huarong Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥196 Mil. Hence, Huarong Chemical Co's Days Payable for the three months ended in Mar. 2024 was 24.87.

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

SZSE:301256' s Days Payable Range Over the Past 10 Years
Min: 20.7 Med: 26.01 Max: 33.35
Current: 33.35

During the past 7 years, Huarong Chemical Co's highest Days Payable was 33.35. The lowest was 20.70. And the median was 26.01.

SZSE:301256's Days Payable is ranked worse than
77.02% of 1501 companies
in the Chemicals industry
Industry Median: 60.47 vs SZSE:301256: 33.35

Huarong Chemical Co's Days Payable declined from Mar. 2023 (37.84) to Mar. 2024 (24.87). It may suggest that Huarong Chemical Co accelerated paying its suppliers.

Huarong Chemical Co Days Payable Historical Data

The historical data trend for Huarong Chemical 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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Huarong Chemical Co Days Payable Chart

Huarong Chemical Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

32.26

21.20

20.70

23.79

29.90

Huarong Chemical Co Quarterly Data
	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														37.84	42.08	43.77	25.58	24.87

Competitive Comparison of Huarong Chemical Co's Days Payable

For the Specialty Chemicals subindustry, Huarong Chemical 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.

Huarong Chemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Huarong Chemical Co's Days Payable distribution charts can be found below:

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

Huarong Chemical 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.

Huarong Chemical 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
=	( (91.175	+	49.505)	/	2 )	/	858.777	*	365
=	70.34					/	858.777	*	365
=	29.90

Huarong Chemical 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
=	( (49.505	+	57.328)	/	2 )	/	195.956	*	365 / 4
=	53.4165					/	195.956	*	365 / 4
=	24.87

Huarong Chemical Co Days Payable Related Terms

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Huarong Chemical Co (SZSE:301256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Huarong Chemical Co Ltd (SZSE:301256) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 166, Linyang Road, Jiuchi Town, Sichuan Province, Chengdu, CHN, 611933

Website

http://www.cnchccl.com

Huarong Chemical Co Ltd is engaged in the development of potassium products and chlorine products of electronic grade, photovoltaic grade, reagent grade and food grade. The main products include potassium hydroxide, hydrochloric acid, sodium hypochlorite and liquid chlorine.

Huarong Chemical Co (SZSE:301256) Headlines

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