Recon Technology (FRA:HRC) Days Payable : 165.18 (As of Jun. 2023)

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What is Recon Technology Days Payable?

Recon Technology's average Accounts Payable for the six months ended in Jun. 2023 was €1.85 Mil. Recon Technology's Cost of Goods Sold for the six months ended in Jun. 2023 was €2.04 Mil. Hence, Recon Technology's Days Payable for the six months ended in Jun. 2023 was 165.18.

The historical rank and industry rank for Recon Technology's Days Payable or its related term are showing as below:

FRA:HRC' s Days Payable Range Over the Past 10 Years
Min: 37.93 Med: 110.45 Max: 192.06
Current: 114.29

During the past 13 years, Recon Technology's highest Days Payable was 192.06. The lowest was 37.93. And the median was 110.45.

FRA:HRC's Days Payable is ranked better than
70% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs FRA:HRC: 114.29

Recon Technology's Days Payable increased from Jun. 2022 (143.45) to Jun. 2023 (165.18). It may suggest that Recon Technology delayed paying its suppliers.

Recon Technology Days Payable Historical Data

The historical data trend for Recon Technology'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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Recon Technology Days Payable Chart

Recon Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

58.20

148.09

198.56

104.40

110.24

Recon Technology Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															166.80	97.13	143.45	96.94	165.18

Competitive Comparison of Recon Technology's Days Payable

For the Oil & Gas Equipment & Services subindustry, Recon Technology'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.

Recon Technology's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Recon Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Recon Technology's Days Payable falls into.

Recon Technology 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.

Recon Technology's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (2.365	+	1.391)	/	2 )	/	6.218	*	365
=	1.878					/	6.218	*	365
=	110.24

Recon Technology's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (2.3	+	1.391)	/	2 )	/	2.039	*	365 / 2
=	1.8455					/	2.039	*	365 / 2
=	165.18

Recon Technology Days Payable Related Terms

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Recon Technology (FRA:HRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Recon Technology Ltd (FRA:HRC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RCON:USA

Address

No. 1 Shui’an South Street, Room 601, Chaoyang District, Beijing, CHN, 100012

Website

http://www.recon.cn

Recon Technology Ltd is an oilfield service company. The company is engaged in the sale of oilfield automation products, equipment for oil and gas production and transportation, and engineering services. It has four reportable operating segments: Automation Product and Software, Equipment and Accessories, Platform outsourcing services, and Oilfield Environmental Protection. Majority of the firm's revenue comes from the Automation Product and Software segment.