Hebei Yichen Industrial Group (HKSE:01596) Days Payable : 136.01 (As of Dec. 2023)

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What is Hebei Yichen Industrial Group Days Payable?

Hebei Yichen Industrial Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$396 Mil. Hebei Yichen Industrial Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$531 Mil. Hence, Hebei Yichen Industrial Group's Days Payable for the six months ended in Dec. 2023 was 136.01.

The historical rank and industry rank for Hebei Yichen Industrial Group's Days Payable or its related term are showing as below:

HKSE:01596' s Days Payable Range Over the Past 10 Years
Min: 125.54 Med: 149.62 Max: 219.35
Current: 148.69

During the past 11 years, Hebei Yichen Industrial Group's highest Days Payable was 219.35. The lowest was 125.54. And the median was 149.62.

HKSE:01596's Days Payable is ranked better than
90.05% of 935 companies
in the Transportation industry
Industry Median: 38.97 vs HKSE:01596: 148.69

Hebei Yichen Industrial Group's Days Payable declined from Dec. 2022 (149.10) to Dec. 2023 (136.01). It may suggest that Hebei Yichen Industrial Group accelerated paying its suppliers.

Hebei Yichen Industrial Group Days Payable Historical Data

The historical data trend for Hebei Yichen Industrial Group'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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Hebei Yichen Industrial Group Days Payable Chart

Hebei Yichen Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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219.35

201.96

141.91

150.81

147.77

Hebei Yichen Industrial Group Semi-Annual Data
	Dec13	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															127.00	141.03	149.10	164.34	136.01

Competitive Comparison of Hebei Yichen Industrial Group's Days Payable

For the Railroads subindustry, Hebei Yichen Industrial Group'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.

Hebei Yichen Industrial Group's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hebei Yichen Industrial Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Hebei Yichen Industrial Group's Days Payable falls into.

Hebei Yichen Industrial Group 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.

Hebei Yichen Industrial Group'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
=	( (418.136	+	383.204)	/	2 )	/	989.645	*	365
=	400.67					/	989.645	*	365
=	147.77

Hebei Yichen Industrial Group'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
=	( (408.092	+	383.204)	/	2 )	/	530.887	*	365 / 2
=	395.648					/	530.887	*	365 / 2
=	136.01

Hebei Yichen Industrial Group Days Payable Related Terms

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Hebei Yichen Industrial Group (HKSE:01596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hebei Yichen Industrial Group Corp Ltd (HKSE:01596) » Definitions » Days Payable

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HE2:Germany

Address

No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN

Website

http://www.hbyc.com.cn

Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

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