Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Days Payable : 45.41 (As of Mar. 2024)

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What is Hangzhou Huaxing Chuangye Communication Technology Co Days Payable?

Hangzhou Huaxing Chuangye Communication Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥71.2 Mil. Hangzhou Huaxing Chuangye Communication Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥143.1 Mil. Hence, Hangzhou Huaxing Chuangye Communication Technology Co's Days Payable for the three months ended in Mar. 2024 was 45.41.

The historical rank and industry rank for Hangzhou Huaxing Chuangye Communication Technology Co's Days Payable or its related term are showing as below:

SZSE:300025' s Days Payable Range Over the Past 10 Years
Min: 45.66 Med: 154.21 Max: 222.48
Current: 49.13

During the past 13 years, Hangzhou Huaxing Chuangye Communication Technology Co's highest Days Payable was 222.48. The lowest was 45.66. And the median was 154.21.

SZSE:300025's Days Payable is ranked worse than
74.86% of 346 companies
in the Telecommunication Services industry
Industry Median: 101.86 vs SZSE:300025: 49.13

Hangzhou Huaxing Chuangye Communication Technology Co's Days Payable declined from Mar. 2023 (54.23) to Mar. 2024 (45.41). It may suggest that Hangzhou Huaxing Chuangye Communication Technology Co accelerated paying its suppliers.

Hangzhou Huaxing Chuangye Communication Technology Co Days Payable Historical Data

The historical data trend for Hangzhou Huaxing Chuangye 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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Hangzhou Huaxing Chuangye Communication Technology Co Days Payable Chart

Hangzhou Huaxing Chuangye Communication Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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146.73

121.10

69.77

56.28

45.66

Hangzhou Huaxing Chuangye Communication Technology 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															54.23	51.75	54.64	48.53	45.41

Competitive Comparison of Hangzhou Huaxing Chuangye Communication Technology Co's Days Payable

For the Telecom Services subindustry, Hangzhou Huaxing Chuangye 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.

Hangzhou Huaxing Chuangye Communication Technology Co's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Hangzhou Huaxing Chuangye Communication Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Huaxing Chuangye Communication Technology Co's Days Payable falls into.

Hangzhou Huaxing Chuangye 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.

Hangzhou Huaxing Chuangye 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
=	( (76.653	+	76.069)	/	2 )	/	610.371	*	365
=	76.361					/	610.371	*	365
=	45.66

Hangzhou Huaxing Chuangye 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
=	( (76.069	+	66.339)	/	2 )	/	143.072	*	365 / 4
=	71.204					/	143.072	*	365 / 4
=	45.41

Hangzhou Huaxing Chuangye Communication Technology Co Days Payable Related Terms

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Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hangzhou Huaxing Chuangye Communication Technology Co Ltd (SZSE:300025) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 500, Jucai Road, Changhe Street, Binjiang District, Zhejiang, Hangzhou, CHN, 310052

Website

http://www.hxcy.com.cn

Hangzhou Huaxing Chuangye Communication Technology Co Ltd is engaged in providing mobile communication technology services and internet data services. The service provided by the company include mobile communication networks, engineering construction, room division engineering, network foundation generation, and network evaluation and optimization.

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