Haining China Leather Market Co (SZSE:002344) Days Payable : 250.82 (As of Mar. 2024)

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What is Haining China Leather Market Co Days Payable?

Haining China Leather Market Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥464 Mil. Haining China Leather Market Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥169 Mil. Hence, Haining China Leather Market Co's Days Payable for the three months ended in Mar. 2024 was 250.82.

The historical rank and industry rank for Haining China Leather Market Co's Days Payable or its related term are showing as below:

SZSE:002344' s Days Payable Range Over the Past 10 Years
Min: 133.63 Med: 278.44 Max: 508.63
Current: 259.32

During the past 13 years, Haining China Leather Market Co's highest Days Payable was 508.63. The lowest was 133.63. And the median was 278.44.

SZSE:002344's Days Payable is ranked better than
92.96% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.77 vs SZSE:002344: 259.32

Haining China Leather Market Co's Days Payable declined from Mar. 2023 (522.69) to Mar. 2024 (250.82). It may suggest that Haining China Leather Market Co accelerated paying its suppliers.

Haining China Leather Market Co Days Payable Historical Data

The historical data trend for Haining China Leather Market 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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Haining China Leather Market Co Days Payable Chart

Haining China Leather Market Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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246.73

162.95

133.63

250.05

311.41

Haining China Leather Market 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															522.69	384.07	291.89	137.32	250.82

Competitive Comparison of Haining China Leather Market Co's Days Payable

For the Specialty Retail subindustry, Haining China Leather Market 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.

Haining China Leather Market Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Haining China Leather Market Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Haining China Leather Market Co's Days Payable falls into.

Haining China Leather Market 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.

Haining China Leather Market 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
=	( (849.412	+	490.679)	/	2 )	/	785.363	*	365
=	670.0455					/	785.363	*	365
=	311.41

Haining China Leather Market 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
=	( (490.679	+	438.03)	/	2 )	/	168.933	*	365 / 4
=	464.3545					/	168.933	*	365 / 4
=	250.82

Haining China Leather Market Co Days Payable Related Terms

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Haining China Leather Market Co (SZSE:002344) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Haining China Leather Market Co Ltd (SZSE:002344) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fifth floor, 2 12, Haining Leather City Building, Zhejiang, CHN, 314400

Website

http://www.chinaleather.com

Haining China Leather Market Co Ltd operates in the leather industry. The company is engaged in the distribution of leather clothing, fur clothing, leather luggage, fur, leather and footwear, and leather bags and suitcases.

Haining China Leather Market Co (SZSE:002344) Headlines

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