Ningbo Lehui International Engineering Equipment Co (SHSE:603076) Days Payable : 160.05 (As of Mar. 2024)

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What is Ningbo Lehui International Engineering Equipment Co Days Payable?

Ningbo Lehui International Engineering Equipment Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥256 Mil. Ningbo Lehui International Engineering Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥146 Mil. Hence, Ningbo Lehui International Engineering Equipment Co's Days Payable for the three months ended in Mar. 2024 was 160.05.

The historical rank and industry rank for Ningbo Lehui International Engineering Equipment Co's Days Payable or its related term are showing as below:

SHSE:603076' s Days Payable Range Over the Past 10 Years
Min: 59.97 Med: 76.82 Max: 126.67
Current: 80.16

During the past 11 years, Ningbo Lehui International Engineering Equipment Co's highest Days Payable was 126.67. The lowest was 59.97. And the median was 76.82.

SHSE:603076's Days Payable is ranked better than
52.11% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SHSE:603076: 80.16

Ningbo Lehui International Engineering Equipment Co's Days Payable increased from Mar. 2023 (97.08) to Mar. 2024 (160.05). It may suggest that Ningbo Lehui International Engineering Equipment Co delayed paying its suppliers.

Ningbo Lehui International Engineering Equipment Co Days Payable Historical Data

The historical data trend for Ningbo Lehui International Engineering Equipment 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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Ningbo Lehui International Engineering Equipment Co Days Payable Chart

Ningbo Lehui International Engineering Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

86.38

73.51

64.25

85.60

77.85

Ningbo Lehui International Engineering Equipment 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															97.08	60.91	116.69	55.54	160.05

Competitive Comparison of Ningbo Lehui International Engineering Equipment Co's Days Payable

For the Specialty Industrial Machinery subindustry, Ningbo Lehui International Engineering Equipment 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.

Ningbo Lehui International Engineering Equipment Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Lehui International Engineering Equipment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo Lehui International Engineering Equipment Co's Days Payable falls into.

Ningbo Lehui International Engineering Equipment 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.

Ningbo Lehui International Engineering Equipment 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
=	( (281.126	+	266.294)	/	2 )	/	1283.263	*	365
=	273.71					/	1283.263	*	365
=	77.85

Ningbo Lehui International Engineering Equipment 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
=	( (266.294	+	245.7)	/	2 )	/	145.953	*	365 / 4
=	255.997					/	145.953	*	365 / 4
=	160.05

Ningbo Lehui International Engineering Equipment Co Days Payable Related Terms

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Ningbo Lehui International Engineering Equipment Co (SHSE:603076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Lehui International Engineering Equipment Co Ltd (SHSE:603076) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Western Zhouxiang Electrical and Mechanical Industrial Park, Xiangxi County, Zhejiang Province, Ningbo, CHN, 315722

Website

http://www.lehui.com

Ningbo Lehui International Engineering Equipment Co Ltd operates as a brewery equipment manufacturing company. Its products consist of scale brewery equipment such as brew-house, cellar and filtration, craft brewery equipment, beverage and liquid food technology, bio, and food equipment, retort and automation technology comprising of renovating and reconstructing and process control system and others. The company's products have applications in beer, beverages, food, biology, medicine and other departments. It distributes its products within domestic as well as in international market.

Executives

Huang Yue Ning	Directors, senior managers
Liu Fei	Director
Lai Yun Lai	Director
Chen Xiao Ping	Director
Wan Cai Fei	senior management
Shen Lin	Director
Dong Xiang Yang	senior management
Wu Zai Hong	senior management
Yu Hua He	senior management
Song Xi Hui	Director

Ningbo Lehui International Engineering Equipment Co (SHSE:603076) Headlines

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