Harbin Electric Co (HKSE:01133) Days Payable : 219.92 (As of Dec. 2023)

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What is Harbin Electric Co Days Payable?

Harbin Electric Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$17,954 Mil. Harbin Electric Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$14,899 Mil. Hence, Harbin Electric Co's Days Payable for the six months ended in Dec. 2023 was 219.92.

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

HKSE:01133' s Days Payable Range Over the Past 10 Years
Min: 171.44 Med: 220.69 Max: 293.22
Current: 221.77

During the past 13 years, Harbin Electric Co's highest Days Payable was 293.22. The lowest was 171.44. And the median was 220.69.

HKSE:01133's Days Payable is ranked better than
89.35% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs HKSE:01133: 221.77

Harbin Electric Co's Days Payable declined from Dec. 2022 (228.48) to Dec. 2023 (219.92). It may suggest that Harbin Electric Co accelerated paying its suppliers.

Harbin Electric Co Days Payable Historical Data

The historical data trend for Harbin Electric 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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Harbin Electric Co Days Payable Chart

Harbin Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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240.92

208.85

217.24

243.01

214.76

Harbin Electric Co 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															213.62	270.88	228.48	231.30	219.92

Competitive Comparison of Harbin Electric Co's Days Payable

For the Specialty Industrial Machinery subindustry, Harbin Electric 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.

Harbin Electric Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harbin Electric Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Harbin Electric Co's Days Payable falls into.

Harbin Electric 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.

Harbin Electric 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
=	( (15406.94	+	17721.691)	/	2 )	/	28152.305	*	365
=	16564.3155					/	28152.305	*	365
=	214.76

Harbin Electric Co'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
=	( (18186.782	+	17721.691)	/	2 )	/	14899.365	*	365 / 2
=	17954.2365					/	14899.365	*	365 / 2
=	219.92

Harbin Electric Co Days Payable Related Terms

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Harbin Electric Co (HKSE:01133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Electric Co Ltd (HKSE:01133) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HP6H:Germany

Address

1399 Chuangxinyi Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150028

Website

https://www.hpec.com

Harbin Electric Co Ltd is a China-based manufacturer of power plant equipment. The company operates in six segments: Thermal power equipment, Hydropower equipment, Power station engineering services, Power station auxiliary equipment and ancillary products, Nuclear products, AC & DC motors, and others. Some of its products are grade boilers, steam turbines, steam turbine generators, voltage stabilizers, gasifiers, nuclear main pump motors, passive surplus drains, petrochemical vessels & axial fans, and power station auxiliary equipment. Its geographical segments are China, which accounts for the majority of revenue; Pakistan; the United Arab Emirates; Ecuador; Iraq; and other countries.

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