Ningbo Haitian Precision Machinery Co (SHSE:601882) Days Payable : 138.55 (As of Mar. 2024)

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What is Ningbo Haitian Precision Machinery Co Days Payable?

Ningbo Haitian Precision Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥822 Mil. Ningbo Haitian Precision Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥541 Mil. Hence, Ningbo Haitian Precision Machinery Co's Days Payable for the three months ended in Mar. 2024 was 138.55.

The historical rank and industry rank for Ningbo Haitian Precision Machinery Co's Days Payable or its related term are showing as below:

SHSE:601882' s Days Payable Range Over the Past 10 Years
Min: 104.8 Med: 137.53 Max: 163.53
Current: 138.56

During the past 13 years, Ningbo Haitian Precision Machinery Co's highest Days Payable was 163.53. The lowest was 104.80. And the median was 137.53.

SHSE:601882's Days Payable is ranked better than
74.55% of 2923 companies
in the Industrial Products industry
Industry Median: 76.74 vs SHSE:601882: 138.56

Ningbo Haitian Precision Machinery Co's Days Payable declined from Mar. 2023 (149.62) to Mar. 2024 (138.55). It may suggest that Ningbo Haitian Precision Machinery Co accelerated paying its suppliers.

Ningbo Haitian Precision Machinery Co Days Payable Historical Data

The historical data trend for Ningbo Haitian Precision Machinery 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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Ningbo Haitian Precision Machinery Co Days Payable Chart

Ningbo Haitian Precision Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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139.26

138.37

154.11

163.53

141.47

Ningbo Haitian Precision Machinery 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															149.62	129.65	150.95	143.70	138.55

Competitive Comparison of Ningbo Haitian Precision Machinery Co's Days Payable

For the Specialty Industrial Machinery subindustry, Ningbo Haitian Precision Machinery 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.

Ningbo Haitian Precision Machinery Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Haitian Precision Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Haitian Precision Machinery Co's Days Payable falls into.

Ningbo Haitian Precision Machinery 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.

Ningbo Haitian Precision Machinery 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
=	( (935.532	+	869.328)	/	2 )	/	2328.354	*	365
=	902.43					/	2328.354	*	365
=	141.47

Ningbo Haitian Precision Machinery 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
=	( (869.328	+	773.915)	/	2 )	/	541.124	*	365 / 4
=	821.6215					/	541.124	*	365 / 4
=	138.55

Ningbo Haitian Precision Machinery Co Days Payable Related Terms

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Ningbo Haitian Precision Machinery Co (SHSE:601882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Haitian Precision Machinery Co Ltd (SHSE:601882) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

235 Huangshan Road, Dagang Industrial Zone, Beilun District, Ningbo, CHN, 315800

Website

http://www.hisioncnc.com

Ningbo Haitian Precision Machinery Co Ltd is the manufacturer of machine tools. The company produces a line of machine tools that includes horizontal machining centre series, vertical machining centre series, double-column machining centre series, CNC lathe/turning centre and milling machining centre series and high-speed double-column machining centre series. Its products are mainly used in military, automotive, aerospace, locomotive, energy, shipping and other industry sectors.

Executives

Zhang Hao	senior management
Yu Hong Gang	senior management
Zhao Wan Yong	Directors, senior managers
Tong Yong Hong	Supervisors
Wang Huan Wei	Directors, senior managers
Chen Yun	senior management
Zhou Lu Fang	senior management

Ningbo Haitian Precision Machinery Co (SHSE:601882) Headlines

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