Hongfa Technology Co (SHSE:600885) Days Payable : 72.38 (As of Mar. 2024)

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What is Hongfa Technology Co Days Payable?

Hongfa Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,782 Mil. Hongfa Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,246 Mil. Hence, Hongfa Technology Co's Days Payable for the three months ended in Mar. 2024 was 72.38.

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

SHSE:600885' s Days Payable Range Over the Past 10 Years
Min: 63.13 Med: 86.73 Max: 107.48
Current: 79.37

During the past 13 years, Hongfa Technology Co's highest Days Payable was 107.48. The lowest was 63.13. And the median was 86.73.

SHSE:600885's Days Payable is ranked better than
51.67% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs SHSE:600885: 79.37

Hongfa Technology Co's Days Payable declined from Mar. 2023 (79.15) to Mar. 2024 (72.38). It may suggest that Hongfa Technology Co accelerated paying its suppliers.

Hongfa Technology Co Days Payable Historical Data

The historical data trend for Hongfa 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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Hongfa Technology Co Days Payable Chart

Hongfa Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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102.23

107.48

87.24

89.05

85.48

Hongfa Technology 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															79.15	75.34	80.66	95.71	72.38

Competitive Comparison of Hongfa Technology Co's Days Payable

For the Electrical Equipment & Parts subindustry, Hongfa 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.

Hongfa Technology Co's Days Payable Distribution in the Industrial Products Industry

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

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

Hongfa 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.

Hongfa 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
=	( (1916.572	+	1905.498)	/	2 )	/	8160.273	*	365
=	1911.035					/	8160.273	*	365
=	85.48

Hongfa 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
=	( (1905.498	+	1657.795)	/	2 )	/	2246.253	*	365 / 4
=	1781.6465					/	2246.253	*	365 / 4
=	72.38

Hongfa Technology Co Days Payable Related Terms

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Hongfa Technology Co (SHSE:600885) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hongfa Technology Co Ltd (SHSE:600885) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

4th fioor ,No.C06,Fengye Roads, Fenghuang Industrial Zone, Fuyong Town,Bao'an District, Shenzhen, CHN

Website

http://www.hongfa.com

Hongfa Technology Co Ltd is a relay manufacturer in China. It engaged in the manufacturing and sale of electronic components. Its product portfolio includes relays, HV/LV devices, precision parts, automatic production. Hongfa products are widely used in areas as industry, energy, transportation, telecommunication, home appliances, medical care, national defense.

Hongfa Technology Co (SHSE:600885) Headlines

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