Fujian Highton Development Co (SHSE:603162) Days Payable : 8.58 (As of Mar. 2024)

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What is Fujian Highton Development Co Days Payable?

Fujian Highton Development Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥65 Mil. Fujian Highton Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥692 Mil. Hence, Fujian Highton Development Co's Days Payable for the three months ended in Mar. 2024 was 8.58.

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

SHSE:603162' s Days Payable Range Over the Past 10 Years
Min: 7.4 Med: 12.92 Max: 16.02
Current: 8.95

During the past 7 years, Fujian Highton Development Co's highest Days Payable was 16.02. The lowest was 7.40. And the median was 12.92.

SHSE:603162's Days Payable is ranked worse than
94.22% of 935 companies
in the Transportation industry
Industry Median: 38.78 vs SHSE:603162: 8.95

Fujian Highton Development Co's Days Payable declined from Mar. 2023 (16.91) to Mar. 2024 (8.58). It may suggest that Fujian Highton Development Co accelerated paying its suppliers.

Fujian Highton Development Co Days Payable Historical Data

The historical data trend for Fujian Highton Development 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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Fujian Highton Development Co Days Payable Chart

Fujian Highton Development Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

9.86

12.04

12.92

14.22

16.02

Fujian Highton Development Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											16.91	10.90	7.46	9.08	8.58

Competitive Comparison of Fujian Highton Development Co's Days Payable

For the Marine Shipping subindustry, Fujian Highton Development 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.

Fujian Highton Development Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Fujian Highton Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fujian Highton Development Co's Days Payable falls into.

Fujian Highton Development 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.

Fujian Highton Development 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
=	( (52.19	+	75.598)	/	2 )	/	1456.125	*	365
=	63.894					/	1456.125	*	365
=	16.02

Fujian Highton Development 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
=	( (75.598	+	54.506)	/	2 )	/	692.145	*	365 / 4
=	65.052					/	692.145	*	365 / 4
=	8.58

Fujian Highton Development Co Days Payable Related Terms

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Fujian Highton Development Co (SHSE:603162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fujian Highton Development Co Ltd (SHSE:603162) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Jinjingwan Business Operation Center, Room 1705-2, Floor 17, Building 3, Pingtan Comprehensive Experimental Zone, Fujian Province, CHN, 350401

Website

http://www.fj-highton.com

Fujian Highton Development Co Ltd is mainly engaged in domestic coastal and international ocean shipping of dry bulk cargo.

Fujian Highton Development Co (SHSE:603162) Headlines

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