Hongli Group (Hongli Group) Days Payable : 55.45 (As of Dec. 2023)

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What is Hongli Group Days Payable?

Hongli Group's average Accounts Payable for the six months ended in Dec. 2023 was $1.48 Mil. Hongli Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $4.88 Mil. Hence, Hongli Group's Days Payable for the six months ended in Dec. 2023 was 55.45.

The historical rank and industry rank for Hongli Group's Days Payable or its related term are showing as below:

HLP' s Days Payable Range Over the Past 10 Years
Min: 32.71 Med: 44.12 Max: 74.31
Current: 67.03

During the past 5 years, Hongli Group's highest Days Payable was 74.31. The lowest was 32.71. And the median was 44.12.

HLP's Days Payable is ranked better than
68.03% of 588 companies
in the Steel industry
Industry Median: 39.865 vs HLP: 67.03

Hongli Group's Days Payable declined from Dec. 2022 (78.31) to Dec. 2023 (55.45). It may suggest that Hongli Group accelerated paying its suppliers.

Hongli Group Days Payable Historical Data

The historical data trend for Hongli Group'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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Hongli Group Days Payable Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

32.71

38.81

44.12

74.31

73.60

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				48.43	63.85	78.31	70.66	55.45

Competitive Comparison of Hongli Group's Days Payable

For the Steel subindustry, Hongli Group'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.

Hongli Group's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hongli Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Hongli Group's Days Payable falls into.

Hongli Group 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.

Hongli Group'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
=	( (2.957	+	1.379)	/	2 )	/	10.752	*	365
=	2.168					/	10.752	*	365
=	73.60

Hongli Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.588	+	1.379)	/	2 )	/	4.883	*	365 / 2
=	1.4835					/	4.883	*	365 / 2
=	55.45

Hongli Group Days Payable Related Terms

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Hongli Group (Hongli Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.

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