Puyang Huicheng Electronic Material Co (SZSE:300481) Days Payable : 24.67 (As of Mar. 2024)

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What is Puyang Huicheng Electronic Material Co Days Payable?

Puyang Huicheng Electronic Material Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥74 Mil. Puyang Huicheng Electronic Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥273 Mil. Hence, Puyang Huicheng Electronic Material Co's Days Payable for the three months ended in Mar. 2024 was 24.67.

The historical rank and industry rank for Puyang Huicheng Electronic Material Co's Days Payable or its related term are showing as below:

SZSE:300481' s Days Payable Range Over the Past 10 Years
Min: 9.44 Med: 21.99 Max: 34
Current: 25.66

During the past 13 years, Puyang Huicheng Electronic Material Co's highest Days Payable was 34.00. The lowest was 9.44. And the median was 21.99.

SZSE:300481's Days Payable is ranked worse than
85.18% of 1505 companies
in the Chemicals industry
Industry Median: 61.03 vs SZSE:300481: 25.66

Puyang Huicheng Electronic Material Co's Days Payable declined from Mar. 2023 (36.48) to Mar. 2024 (24.67). It may suggest that Puyang Huicheng Electronic Material Co accelerated paying its suppliers.

Puyang Huicheng Electronic Material Co Days Payable Historical Data

The historical data trend for Puyang Huicheng Electronic Material 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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Puyang Huicheng Electronic Material Co Days Payable Chart

Puyang Huicheng Electronic Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

12.36

10.88

9.44

24.02

34.00

Puyang Huicheng Electronic Material 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															36.48	27.95	24.63	24.09	24.67

Competitive Comparison of Puyang Huicheng Electronic Material Co's Days Payable

For the Chemicals subindustry, Puyang Huicheng Electronic Material 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.

Puyang Huicheng Electronic Material Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Puyang Huicheng Electronic Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Puyang Huicheng Electronic Material Co's Days Payable falls into.

Puyang Huicheng Electronic Material 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.

Puyang Huicheng Electronic Material 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
=	( (105.495	+	84.469)	/	2 )	/	1019.612	*	365
=	94.982					/	1019.612	*	365
=	34.00

Puyang Huicheng Electronic Material 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
=	( (84.469	+	62.926)	/	2 )	/	272.541	*	365 / 4
=	73.6975					/	272.541	*	365 / 4
=	24.67

Puyang Huicheng Electronic Material Co Days Payable Related Terms

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Puyang Huicheng Electronic Material Co (SZSE:300481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Puyang Huicheng Electronic Material Co Ltd (SZSE:300481) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

West Section of Shengli Road, Henan Province, Puyang, CHN, 457000

Website

http://www.huichengchem.com

Puyang Huicheng Electronic Material Co Ltd is specialized in research, production, and trade of acid anhydrides and other functional material intermediates. The company exports its products to Europe, America and Southeast Asia. The company also offers esters, acids, amines, and other products.

Executives

Zhang Guo Min	Supervisors
Chen Shu Min	Directors, Directors, and Executives
Cui Fu Min	Executives
Wang Guo Qing	Directors, executives
Liu Xiang Yang	Supervisors
Zhao Zhi Yan	Executives
Tian Wei Bo	Executives
Wei Hong Gu	Securities Affairs Representative

Puyang Huicheng Electronic Material Co (SZSE:300481) Headlines

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