Hunan Aerospace Huanyu Communication Technology Co (SHSE:688523) Days Payable : 430.90 (As of Mar. 2024)

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What is Hunan Aerospace Huanyu Communication Technology Co Days Payable?

Hunan Aerospace Huanyu Communication Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥131.8 Mil. Hunan Aerospace Huanyu Communication Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥27.9 Mil. Hence, Hunan Aerospace Huanyu Communication Technology Co's Days Payable for the three months ended in Mar. 2024 was 430.90.

The historical rank and industry rank for Hunan Aerospace Huanyu Communication Technology Co's Days Payable or its related term are showing as below:

SHSE:688523' s Days Payable Range Over the Past 10 Years
Min: 112.19 Med: 173.82 Max: 206.77
Current: 167.35

During the past 5 years, Hunan Aerospace Huanyu Communication Technology Co's highest Days Payable was 206.77. The lowest was 112.19. And the median was 173.82.

SHSE:688523's Days Payable is ranked better than
74.16% of 298 companies
in the Aerospace & Defense industry
Industry Median: 75.38 vs SHSE:688523: 167.35

Hunan Aerospace Huanyu Communication Technology Co's Days Payable declined from Mar. 2023 (869.49) to Mar. 2024 (430.90). It may suggest that Hunan Aerospace Huanyu Communication Technology Co accelerated paying its suppliers.

Hunan Aerospace Huanyu Communication Technology Co Days Payable Historical Data

The historical data trend for Hunan Aerospace Huanyu Communication Technology 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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Hunan Aerospace Huanyu Communication Technology Co Days Payable Chart

Hunan Aerospace Huanyu Communication Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

113.11

112.19

173.82

206.77

195.14

Hunan Aerospace Huanyu Communication Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								869.49	289.10	191.04	72.95	430.90

Competitive Comparison of Hunan Aerospace Huanyu Communication Technology Co's Days Payable

For the Aerospace & Defense subindustry, Hunan Aerospace Huanyu Communication Technology 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.

Hunan Aerospace Huanyu Communication Technology Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Hunan Aerospace Huanyu Communication Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hunan Aerospace Huanyu Communication Technology Co's Days Payable falls into.

Hunan Aerospace Huanyu Communication Technology 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.

Hunan Aerospace Huanyu Communication Technology 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
=	( (104.128	+	133.676)	/	2 )	/	222.402	*	365
=	118.902					/	222.402	*	365
=	195.14

Hunan Aerospace Huanyu Communication Technology 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
=	( (133.676	+	130.018)	/	2 )	/	27.921	*	365 / 4
=	131.847					/	27.921	*	365 / 4
=	430.90

Hunan Aerospace Huanyu Communication Technology Co Days Payable Related Terms

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Hunan Aerospace Huanyu Communication Technology Co (SHSE:688523) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hunan Aerospace Huanyu Communication Technology Co Ltd (SHSE:688523) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Xingkang South Road, Yuelu District, Hunan, Changsha, CHN, 410205

Website

http://www.hthykj.com

Hunan Aerospace Huanyu Communication Technology Co Ltd is mainly engaged in the R&D, manufacturing and service of space-borne high-end microwave communication, satellite communication, aerospace technology equipment and high-end composite material parts and components. The company is committed to providing product support and engineering application services for major aerospace host units.

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