China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Days Payable : 600.77 (As of Mar. 2024)

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What is China Machinery Huanyu Certification and Inspection Co Days Payable?

China Machinery Huanyu Certification and Inspection Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥666.7 Mil. China Machinery Huanyu Certification and Inspection Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥101.3 Mil. Hence, China Machinery Huanyu Certification and Inspection Co's Days Payable for the three months ended in Mar. 2024 was 600.77.

The historical rank and industry rank for China Machinery Huanyu Certification and Inspection Co's Days Payable or its related term are showing as below:

SZSE:301508' s Days Payable Range Over the Past 10 Years
Min: 47.95 Med: 54.58 Max: 447.61
Current: 345.48

During the past 5 years, China Machinery Huanyu Certification and Inspection Co's highest Days Payable was 447.61. The lowest was 47.95. And the median was 54.58.

SZSE:301508's Days Payable is ranked better than
93.64% of 928 companies
in the Business Services industry
Industry Median: 46.74 vs SZSE:301508: 345.48

China Machinery Huanyu Certification and Inspection Co's Days Payable increased from Mar. 2023 (153.87) to Mar. 2024 (600.77). It may suggest that China Machinery Huanyu Certification and Inspection Co delayed paying its suppliers.

China Machinery Huanyu Certification and Inspection Co Days Payable Historical Data

The historical data trend for China Machinery Huanyu Certification and Inspection 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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China Machinery Huanyu Certification and Inspection Co Days Payable Chart

China Machinery Huanyu Certification and Inspection Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

47.95

49.51

54.58

96.07

447.61

China Machinery Huanyu Certification and Inspection Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial							153.87	135.50	143.57	351.21	600.77

Competitive Comparison of China Machinery Huanyu Certification and Inspection Co's Days Payable

For the Specialty Business Services subindustry, China Machinery Huanyu Certification and Inspection 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.

China Machinery Huanyu Certification and Inspection Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Machinery Huanyu Certification and Inspection Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Machinery Huanyu Certification and Inspection Co's Days Payable falls into.

China Machinery Huanyu Certification and Inspection 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.

China Machinery Huanyu Certification and Inspection 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
=	( (141.897	+	873.951)	/	2 )	/	414.187	*	365
=	507.924					/	414.187	*	365
=	447.61

China Machinery Huanyu Certification and Inspection 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
=	( (873.951	+	459.525)	/	2 )	/	101.269	*	365 / 4
=	666.738					/	101.269	*	365 / 4
=	600.77

China Machinery Huanyu Certification and Inspection Co Days Payable Related Terms

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China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Machinery Huanyu Certification and Inspection Co Ltd (SZSE:301508) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 32, Tianrong Street, Beizangcun Town, Daxing, Beijing, CHN, 102609

Website

http://www.cmhci.com.cn

China Machinery Huanyu Certification and Inspection Co Ltd provides Product inspection and testing services for complete automobiles, military equipment, engineering machinery, special equipment, civil aviation ground equipment, parts and components, as well as certification services such as product certification, system certification and service certification.

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