Zhecheng Huifeng Diamond Technology Co (BJSE:839725) Days Payable : 143.88 (As of Mar. 2024)

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What is Zhecheng Huifeng Diamond Technology Co Days Payable?

Zhecheng Huifeng Diamond Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥78.6 Mil. Zhecheng Huifeng Diamond Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥49.8 Mil. Hence, Zhecheng Huifeng Diamond Technology Co's Days Payable for the three months ended in Mar. 2024 was 143.88.

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

BJSE:839725' s Days Payable Range Over the Past 10 Years
Min: 85.69 Med: 131.01 Max: 465.48
Current: 129.08

During the past 10 years, Zhecheng Huifeng Diamond Technology Co's highest Days Payable was 465.48. The lowest was 85.69. And the median was 131.01.

BJSE:839725's Days Payable is ranked worse than
51.03% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.695 vs BJSE:839725: 129.08

Zhecheng Huifeng Diamond Technology Co's Days Payable increased from Mar. 2023 (135.79) to Mar. 2024 (143.88). It may suggest that Zhecheng Huifeng Diamond Technology Co delayed paying its suppliers.

Zhecheng Huifeng Diamond Technology Co Days Payable Historical Data

The historical data trend for Zhecheng Huifeng Diamond 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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Zhecheng Huifeng Diamond Technology Co Days Payable Chart

Zhecheng Huifeng Diamond Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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142.13

125.47

112.14

91.05

85.69

Zhecheng Huifeng Diamond Technology Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															135.79	139.28	143.43	87.81	143.88

Competitive Comparison of Zhecheng Huifeng Diamond Technology Co's Days Payable

For the Other Precious Metals & Mining subindustry, Zhecheng Huifeng Diamond 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.

Zhecheng Huifeng Diamond Technology Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhecheng Huifeng Diamond Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhecheng Huifeng Diamond Technology Co's Days Payable falls into.

Zhecheng Huifeng Diamond 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.

Zhecheng Huifeng Diamond 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
=	( (101.951	+	67.241)	/	2 )	/	360.348	*	365
=	84.596					/	360.348	*	365
=	85.69

Zhecheng Huifeng Diamond 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
=	( (67.241	+	89.922)	/	2 )	/	49.838	*	365 / 4
=	78.5815					/	49.838	*	365 / 4
=	143.88

Zhecheng Huifeng Diamond Technology Co Days Payable Related Terms

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Zhecheng Huifeng Diamond Technology Co (BJSE:839725) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhecheng Huifeng Diamond Technology Co Ltd (BJSE:839725) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 10, Beihai Road, Industrial Cluster Area, Zhecheng County, Henan Province, Shangqiu City, CHN, 476200

Website

http://www.hfdiamond.com

Zhecheng Huifeng Diamond Technology Co Ltd engages in research and development, production, and sales of synthetic single-crystal diamond powder. It provides technical solutions for customers. It also develops diamond powder surface modification products and single-crystal nano-diamond. Its product series comprises Diamond Micropowder Universal Series, Diamond powder special series, Diamond powder characteristic series, Diamond crushing material and shaping material series, Plated diamond Product series, Modified diamond series, Diamond Micropowder Super Type Three Series, Diamond micro powder super strong type four series.

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