Hubei Zhenhua Chemical Co (SHSE:603067) Days Payable : 30.29 (As of Mar. 2024)

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What is Hubei Zhenhua Chemical Co Days Payable?

Hubei Zhenhua Chemical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥240 Mil. Hubei Zhenhua Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥723 Mil. Hence, Hubei Zhenhua Chemical Co's Days Payable for the three months ended in Mar. 2024 was 30.29.

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

SHSE:603067' s Days Payable Range Over the Past 10 Years
Min: 17.8 Med: 31.72 Max: 40.37
Current: 36.68

During the past 13 years, Hubei Zhenhua Chemical Co's highest Days Payable was 40.37. The lowest was 17.80. And the median was 31.72.

SHSE:603067's Days Payable is ranked worse than
74.07% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs SHSE:603067: 36.68

Hubei Zhenhua Chemical Co's Days Payable declined from Mar. 2023 (50.41) to Mar. 2024 (30.29). It may suggest that Hubei Zhenhua Chemical Co accelerated paying its suppliers.

Hubei Zhenhua Chemical Co Days Payable Historical Data

The historical data trend for Hubei Zhenhua 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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Hubei Zhenhua Chemical Co Days Payable Chart

Hubei Zhenhua Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

20.75

35.52

27.99

39.93

35.88

Hubei Zhenhua Chemical 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															50.41	50.43	34.94	31.15	30.29

Competitive Comparison of Hubei Zhenhua Chemical Co's Days Payable

For the Chemicals subindustry, Hubei Zhenhua 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.

Hubei Zhenhua Chemical Co's Days Payable Distribution in the Chemicals Industry

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

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

Hubei Zhenhua 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.

Hubei Zhenhua 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
=	( (322.278	+	226.263)	/	2 )	/	2789.734	*	365
=	274.2705					/	2789.734	*	365
=	35.88

Hubei Zhenhua 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
=	( (226.263	+	253.804)	/	2 )	/	723.23	*	365 / 4
=	240.0335					/	723.23	*	365 / 4
=	30.29

Hubei Zhenhua Chemical Co Days Payable Related Terms

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Hubei Zhenhua Chemical Co (SHSE:603067) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Zhenhua Chemical Co Ltd (SHSE:603067) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.:668, Huangshi Road, Xisaishan District, Huangshi, CHN, 435001

Website

http://www.hszhenhua.com

Hubei Zhenhua Chemical Co Ltd is mainly engaged in research and development, production and sales of chromium salt products in China. Its products portfolio includes sodium dichromate, chromic anhydride, crystalline chromic anhydride, liquid chromic anhydride, chrome green, potassium dichromate, basic chromium sulfate, vitamin K3, yuan Ming powder, aluminum hydroxide and other products.

Executives

Shi Da Xue	Director
Ke Zun You	Director
Chen Qian Yan	Director
Ke Yu Sheng	Director
Cai Zai Hua	Director
Duan Xiang Yun	Supervisors
Ruan Guo Bin	Director
Yang Fan	senior management
Zhu Gui Lin	senior management
Shi Yi Lang	senior management
Li Xue Gang	senior management
Ke Min	Supervisors
Cheng Liang Rong	senior management
Fang Hong Bin	Director

Hubei Zhenhua Chemical Co (SHSE:603067) Headlines

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