Guangzhou Haige Communications Group Co (SZSE:002465) Days Payable : 360.36 (As of Mar. 2024)

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What is Guangzhou Haige Communications Group Co Days Payable?

Guangzhou Haige Communications Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,077 Mil. Guangzhou Haige Communications Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥779 Mil. Hence, Guangzhou Haige Communications Group Co's Days Payable for the three months ended in Mar. 2024 was 360.36.

The historical rank and industry rank for Guangzhou Haige Communications Group Co's Days Payable or its related term are showing as below:

SZSE:002465' s Days Payable Range Over the Past 10 Years
Min: 124.3 Med: 162.78 Max: 236.09
Current: 234.54

During the past 13 years, Guangzhou Haige Communications Group Co's highest Days Payable was 236.09. The lowest was 124.30. And the median was 162.78.

SZSE:002465's Days Payable is ranked better than
92.69% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs SZSE:002465: 234.54

Guangzhou Haige Communications Group Co's Days Payable increased from Mar. 2023 (293.91) to Mar. 2024 (360.36). It may suggest that Guangzhou Haige Communications Group Co delayed paying its suppliers.

Guangzhou Haige Communications Group Co Days Payable Historical Data

The historical data trend for Guangzhou Haige Communications 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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Guangzhou Haige Communications Group Co Days Payable Chart

Guangzhou Haige Communications Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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124.30

160.45

201.55

211.22

236.09

Guangzhou Haige Communications Group 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															293.91	194.27	340.18	173.08	360.36

Competitive Comparison of Guangzhou Haige Communications Group Co's Days Payable

For the Communication Equipment subindustry, Guangzhou Haige Communications 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.

Guangzhou Haige Communications Group Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guangzhou Haige Communications Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangzhou Haige Communications Group Co's Days Payable falls into.

Guangzhou Haige Communications 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.

Guangzhou Haige Communications 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
=	( (2235.18	+	3388.68)	/	2 )	/	4347.346	*	365
=	2811.93					/	4347.346	*	365
=	236.09

Guangzhou Haige Communications 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
=	( (3388.68	+	2765.782)	/	2 )	/	779.207	*	365 / 4
=	3077.231					/	779.207	*	365 / 4
=	360.36

Guangzhou Haige Communications Group Co Days Payable Related Terms

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Guangzhou Haige Communications Group Co (SZSE:002465) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Haige Communications Group Inc Co (SZSE:002465) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

88 Haiyun Road, Science City, High-tech Industrial Development Zone, Guangzhou, CHN, 510663

Website

http://www.haige.com

Guangzhou Haige Communications Group Inc Co is engaged in the business of manufacturing wireless communication and navigation systems. It provides software solutions to government, finance, transportation, and national defense sectors.

Guangzhou Haige Communications Group Co (SZSE:002465) Headlines

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