Hunan Huamin Holdings Co (SZSE:300345) Days Payable : 304.28 (As of Mar. 2024)

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What is Hunan Huamin Holdings Co Days Payable?

Hunan Huamin Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥794 Mil. Hunan Huamin Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥238 Mil. Hence, Hunan Huamin Holdings Co's Days Payable for the three months ended in Mar. 2024 was 304.28.

The historical rank and industry rank for Hunan Huamin Holdings Co's Days Payable or its related term are showing as below:

SZSE:300345' s Days Payable Range Over the Past 10 Years
Min: 50.92 Med: 110.98 Max: 181.46
Current: 181.46

During the past 13 years, Hunan Huamin Holdings Co's highest Days Payable was 181.46. The lowest was 50.92. And the median was 110.98.

SZSE:300345's Days Payable is ranked better than
83.48% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SZSE:300345: 181.46

Hunan Huamin Holdings Co's Days Payable increased from Mar. 2023 (116.62) to Mar. 2024 (304.28). It may suggest that Hunan Huamin Holdings Co delayed paying its suppliers.

Hunan Huamin Holdings Co Days Payable Historical Data

The historical data trend for Hunan Huamin Holdings 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 Huamin Holdings Co Days Payable Chart

Hunan Huamin Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.14

50.92

55.15

139.83

144.84

Hunan Huamin Holdings 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															116.62	143.83	134.40	182.66	304.28

Competitive Comparison of Hunan Huamin Holdings Co's Days Payable

For the Metal Fabrication subindustry, Hunan Huamin Holdings 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 Huamin Holdings Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hunan Huamin Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hunan Huamin Holdings Co's Days Payable falls into.

Hunan Huamin Holdings 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 Huamin Holdings 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
=	( (145.852	+	736.242)	/	2 )	/	1111.451	*	365
=	441.047					/	1111.451	*	365
=	144.84

Hunan Huamin Holdings 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
=	( (736.242	+	851.27)	/	2 )	/	238.036	*	365 / 4
=	793.756					/	238.036	*	365 / 4
=	304.28

Hunan Huamin Holdings Co Days Payable Related Terms

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Hunan Huamin Holdings Co (SZSE:300345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Huamin Holdings Co Ltd (SZSE:300345) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 068 Jinsha West Road, Jinzhou New District, Hunan, Changsha, CHN, 410600

Website

http://www.chinahongyu.cn

Hunan Huamin Holdings Co Ltd is engaged in provision of high-efficiency ball mill comprehensive energy-saving technology in the mining, cement and thermal power industries; industrial promotion of controlled ion infiltration (PIP) technology. The company produces, processes and sells rinding balls, grinding sections, roller wear-resistant parts and various wear-resistant new materials; production, sales and disassembly of lining plates; research and development, production and sales of polymer materials; research and development of energy-saving technologies for ball mills, among others.

Executives

Chen Ai Wen	Independent director
Chen Gui	Supervisors
Peng Guo Qun	Supervisors
Zhang Li	Executives
Zhu Hong Yu	Directors, Directors, and Executives
Chen Xin Wen	Secretary Dong

Hunan Huamin Holdings Co (SZSE:300345) Headlines

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