Hisense Visual Technology Co (SHSE:600060) Days Payable : 99.30 (As of Mar. 2024)

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What is Hisense Visual Technology Co Days Payable?

Hisense Visual Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥11,643 Mil. Hisense Visual Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥10,699 Mil. Hence, Hisense Visual Technology Co's Days Payable for the three months ended in Mar. 2024 was 99.30.

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

SHSE:600060' s Days Payable Range Over the Past 10 Years
Min: 79.74 Med: 90.09 Max: 100.7
Current: 89.3

During the past 13 years, Hisense Visual Technology Co's highest Days Payable was 100.70. The lowest was 79.74. And the median was 90.09.

SHSE:600060's Days Payable is ranked better than
65.14% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs SHSE:600060: 89.30

Hisense Visual Technology Co's Days Payable increased from Mar. 2023 (95.95) to Mar. 2024 (99.30). It may suggest that Hisense Visual Technology Co delayed paying its suppliers.

Hisense Visual Technology Co Days Payable Historical Data

The historical data trend for Hisense Visual 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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Hisense Visual Technology Co Days Payable Chart

Hisense Visual Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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95.82

86.05

79.74

90.70

88.70

Hisense Visual 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															95.95	85.96	86.51	90.18	99.30

Competitive Comparison of Hisense Visual Technology Co's Days Payable

For the Consumer Electronics subindustry, Hisense Visual 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.

Hisense Visual Technology Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Hisense Visual Technology Co's Days Payable falls into.

Hisense Visual 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.

Hisense Visual 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
=	( (9661.972	+	11982.225)	/	2 )	/	44534.022	*	365
=	10822.0985					/	44534.022	*	365
=	88.70

Hisense Visual 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
=	( (11982.225	+	11303.784)	/	2 )	/	10699.49	*	365 / 4
=	11643.0045					/	10699.49	*	365 / 4
=	99.30

Hisense Visual Technology Co Days Payable Related Terms

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Hisense Visual Technology Co (SHSE:600060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hisense Visual Technology Co Ltd (SHSE:600060) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.218, Qian Wangang Road, Economic and Technological Development Zone, Shandong Province, Qingdao, CHN, 266555

Website

http://www.hisense.cn

Hisense Visual Technology Co Ltd is engaged in the distribution and servicing of home appliances, telecommunications, green energy-saving refrigeration technology, and information technologies. Its brand includes Kelon, Ronshen, Vidaa among others.

Executives

Li Jia	senior management
Yu Zhi Tao	Directors, senior managers
Liu Sha Sha	senior management
Cheng Kai Xun	Director
Wu Hai Yan	senior management
Lin Lan	Director
Dai Hui Zhong	Director
Zhou Hou Jian	Director
Xia Feng	senior management
Liu Jiang Yan	senior management
Tian Ye	Director
Yu Shu Min	Director
Liu Hong Xin	Director
Mi Liang Yuan	senior management
Liu Xin	senior management

Hisense Visual Technology Co (SHSE:600060) Headlines

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