Sichuan Hongda Co (SHSE:600331) Days Payable : 22.48 (As of Mar. 2024)

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What is Sichuan Hongda Co Days Payable?

Sichuan Hongda Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥162 Mil. Sichuan Hongda Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥656 Mil. Hence, Sichuan Hongda Co's Days Payable for the three months ended in Mar. 2024 was 22.48.

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

SHSE:600331' s Days Payable Range Over the Past 10 Years
Min: 20.95 Med: 38.03 Max: 91.16
Current: 20.95

During the past 13 years, Sichuan Hongda Co's highest Days Payable was 91.16. The lowest was 20.95. And the median was 38.03.

SHSE:600331's Days Payable is ranked worse than
91.39% of 1069 companies
in the Metals & Mining industry
Industry Median: 136.25 vs SHSE:600331: 20.95

Sichuan Hongda Co's Days Payable declined from Mar. 2023 (22.89) to Mar. 2024 (22.48). It may suggest that Sichuan Hongda Co accelerated paying its suppliers.

Sichuan Hongda Co Days Payable Historical Data

The historical data trend for Sichuan Hongda 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.

* Premium members only.

Sichuan Hongda Co Days Payable Chart

Sichuan Hongda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.08

33.09

23.14

23.66

24.21

Sichuan Hongda 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															22.89	21.94	17.80	21.54	22.48

Competitive Comparison of Sichuan Hongda Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Sichuan Hongda 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.

Sichuan Hongda Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sichuan Hongda Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sichuan Hongda Co's Days Payable falls into.

Sichuan Hongda 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.

Sichuan Hongda 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
=	( (196.266	+	180.056)	/	2 )	/	2836.913	*	365
=	188.161					/	2836.913	*	365
=	24.21

Sichuan Hongda 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
=	( (180.056	+	142.965)	/	2 )	/	655.618	*	365 / 4
=	161.5105					/	655.618	*	365 / 4
=	22.48

Sichuan Hongda Co Days Payable Related Terms

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Sichuan Hongda Co (SHSE:600331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sichuan Hongda Co Ltd (SHSE:600331) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Cishan Village, Shigu Town, Sichuan Province, Shifang, CHN, 610041

Website

http://www.sichuanhongda.com

Sichuan Hongda Co Ltd is a resource-based enterprise which manufactures and distributes chemicals. It also engages in metallurgy and mining. The company's main business consists of non-ferrous metal smelting and phosphorus chemical.

Executives

Zhou You Lu	Director
He Zhi Yao	Director
He Le Qiong	senior management
Yang Qian	Director
Huang Jian Jun	senior management
Chen Wei Gui	senior management

Sichuan Hongda Co (SHSE:600331) Headlines

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