Hengxin Technology (HKSE:01085) Days Payable : 68.84 (As of Dec. 2023)

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What is Hengxin Technology Days Payable?

Hengxin Technology's average Accounts Payable for the six months ended in Dec. 2023 was HK$396 Mil. Hengxin Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,051 Mil. Hence, Hengxin Technology's Days Payable for the six months ended in Dec. 2023 was 68.84.

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

HKSE:01085' s Days Payable Range Over the Past 10 Years
Min: 36.27 Med: 42.69 Max: 63.22
Current: 63.22

During the past 13 years, Hengxin Technology's highest Days Payable was 63.22. The lowest was 36.27. And the median was 42.69.

HKSE:01085's Days Payable is ranked worse than
54.53% of 2419 companies
in the Hardware industry
Industry Median: 67.95 vs HKSE:01085: 63.22

Hengxin Technology's Days Payable declined from Dec. 2022 (70.69) to Dec. 2023 (68.84). It may suggest that Hengxin Technology accelerated paying its suppliers.

Hengxin Technology Days Payable Historical Data

The historical data trend for Hengxin 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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Hengxin Technology Days Payable Chart

Hengxin Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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36.27

40.30

49.43

55.06

50.77

Hengxin Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															40.01	71.89	70.69	70.12	68.84

Competitive Comparison of Hengxin Technology's Days Payable

For the Communication Equipment subindustry, Hengxin 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.

Hengxin Technology's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hengxin Technology's Days Payable distribution charts can be found below:

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

Hengxin 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.

Hengxin Technology'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
=	( (242.519	+	311.599)	/	2 )	/	1991.996	*	365
=	277.059					/	1991.996	*	365
=	50.77

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (480.912	+	311.599)	/	2 )	/	1050.516	*	365 / 2
=	396.2555					/	1050.516	*	365 / 2
=	68.84

Hengxin Technology Days Payable Related Terms

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Hengxin Technology (HKSE:01085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengxin Technology Ltd (HKSE:01085) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Tampines Central 1, No. 06-05 Tampines Plaza 2, Singapore, SGP, 529541

Website

https://www.hengxin.com.sg

Hengxin Technology Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing of radio frequency (RF) coaxial cable series for mobile communications. It operates in the segments of Radiofrequency coaxial cables, Telecommunication and accessories, and Antennas. Its product portfolio includes RF coaxial cable series for mobile communications, coaxial cables for telecommunications equipment and accessories, and other products which include high-temperature-resistant cables and antennas. It derives a majority of its revenue from the sale of Radiofrequency coaxial cables.

Executives

Kingever Enterprises Limited	2101 Beneficial owner
Cui Wei	2201 Interest of corporation controlled by you

Hengxin Technology (HKSE:01085) Headlines

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