Qinghai Huading Industrial Co (SHSE:600243) Days Payable : 209.72 (As of Mar. 2024)

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What is Qinghai Huading Industrial Co Days Payable?

Qinghai Huading Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥122.4 Mil. Qinghai Huading Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥53.3 Mil. Hence, Qinghai Huading Industrial Co's Days Payable for the three months ended in Mar. 2024 was 209.72.

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

SHSE:600243' s Days Payable Range Over the Past 10 Years
Min: 119.53 Med: 140.82 Max: 157
Current: 136.98

During the past 13 years, Qinghai Huading Industrial Co's highest Days Payable was 157.00. The lowest was 119.53. And the median was 140.82.

SHSE:600243's Days Payable is ranked better than
74.18% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs SHSE:600243: 136.98

Qinghai Huading Industrial Co's Days Payable increased from Mar. 2023 (181.01) to Mar. 2024 (209.72). It may suggest that Qinghai Huading Industrial Co delayed paying its suppliers.

Qinghai Huading Industrial Co Days Payable Historical Data

The historical data trend for Qinghai Huading Industrial 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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Qinghai Huading Industrial Co Days Payable Chart

Qinghai Huading Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

150.10

140.97

131.24

134.18

150.07

Qinghai Huading Industrial 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															181.01	124.53	122.25	139.47	209.72

Competitive Comparison of Qinghai Huading Industrial Co's Days Payable

For the Specialty Industrial Machinery subindustry, Qinghai Huading Industrial 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.

Qinghai Huading Industrial Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Qinghai Huading Industrial Co's Days Payable falls into.

Qinghai Huading Industrial 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.

Qinghai Huading Industrial 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
=	( (130.133	+	144.478)	/	2 )	/	333.949	*	365
=	137.3055					/	333.949	*	365
=	150.07

Qinghai Huading Industrial 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
=	( (144.478	+	100.402)	/	2 )	/	53.274	*	365 / 4
=	122.44					/	53.274	*	365 / 4
=	209.72

Qinghai Huading Industrial Co Days Payable Related Terms

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Qinghai Huading Industrial Co (SHSE:600243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qinghai Huading Industrial Co Ltd (SHSE:600243) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 318, Qiyi Road, Qinghai Province, Xining, CHN, 810000

Website

http://www.qhhdsy.com

Qinghai Huading Industrial Co Ltd is a Chinese company engaged in the manufacture and sale of CNC horizontal lathe products, roll lathes, special railway lathes, and other machine tools.

Executives

Wang Feng	Director
Yu Shi Guang	Director
Li Yue Nan	Supervisors
Liu Wen Zhong	Director
Yang Yong Jun	Director
Xiao Shan Peng	senior management
Li Xiang Jun	Director
Ma Xin Ping	Supervisors
Wang Chun Mei	Director
Yu Jian Guo	Supervisors

Qinghai Huading Industrial Co (SHSE:600243) Headlines

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