Hebei Huatong Wire And Cable Group Co (SHSE:605196) Days Payable : 44.60 (As of Mar. 2024)

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What is Hebei Huatong Wire And Cable Group Co Days Payable?

Hebei Huatong Wire And Cable Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥561 Mil. Hebei Huatong Wire And Cable Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,148 Mil. Hence, Hebei Huatong Wire And Cable Group Co's Days Payable for the three months ended in Mar. 2024 was 44.60.

The historical rank and industry rank for Hebei Huatong Wire And Cable Group Co's Days Payable or its related term are showing as below:

SHSE:605196' s Days Payable Range Over the Past 10 Years
Min: 32.43 Med: 42.48 Max: 47.48
Current: 43.85

During the past 8 years, Hebei Huatong Wire And Cable Group Co's highest Days Payable was 47.48. The lowest was 32.43. And the median was 42.48.

SHSE:605196's Days Payable is ranked worse than
75.72% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs SHSE:605196: 43.85

Hebei Huatong Wire And Cable Group Co's Days Payable increased from Mar. 2023 (44.33) to Mar. 2024 (44.60). It may suggest that Hebei Huatong Wire And Cable Group Co delayed paying its suppliers.

Hebei Huatong Wire And Cable Group Co Days Payable Historical Data

The historical data trend for Hebei Huatong Wire And Cable Group 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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Hebei Huatong Wire And Cable Group Co Days Payable Chart

Hebei Huatong Wire And Cable Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

42.48

45.90

47.48

45.25

41.49

Hebei Huatong Wire And Cable Group Co Quarterly Data
	Dec17	Dec18	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															44.33	39.03	44.55	44.63	44.60

Competitive Comparison of Hebei Huatong Wire And Cable Group Co's Days Payable

For the Electrical Equipment & Parts subindustry, Hebei Huatong Wire And Cable Group 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.

Hebei Huatong Wire And Cable Group Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hebei Huatong Wire And Cable Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hebei Huatong Wire And Cable Group Co's Days Payable falls into.

Hebei Huatong Wire And Cable Group 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.

Hebei Huatong Wire And Cable Group 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
=	( (471.253	+	533.729)	/	2 )	/	4420.641	*	365
=	502.491					/	4420.641	*	365
=	41.49

Hebei Huatong Wire And Cable Group 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
=	( (533.729	+	587.995)	/	2 )	/	1147.514	*	365 / 4
=	560.862					/	1147.514	*	365 / 4
=	44.60

Hebei Huatong Wire And Cable Group Co Days Payable Related Terms

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Hebei Huatong Wire And Cable Group Co (SHSE:605196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hebei Huatong Wire And Cable Group Co Ltd (SHSE:605196) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 111, Huatong Street, Fengnan Economic Development Zone, Hebei Province, Tangshan, CHN, 063300

Website

http://www.huatongcables.com

Hebei Huatong Wire & Cable Group Co Ltd is engaged in the research and development, production and sales of wires and cables.

Hebei Huatong Wire And Cable Group Co (SHSE:605196) Headlines

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