Qingdao Huijintong Power Equipment Co (SHSE:603577) Days Payable : 91.42 (As of Mar. 2024)

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What is Qingdao Huijintong Power Equipment Co Days Payable?

Qingdao Huijintong Power Equipment Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥704 Mil. Qingdao Huijintong Power Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥702 Mil. Hence, Qingdao Huijintong Power Equipment Co's Days Payable for the three months ended in Mar. 2024 was 91.42.

The historical rank and industry rank for Qingdao Huijintong Power Equipment Co's Days Payable or its related term are showing as below:

SHSE:603577' s Days Payable Range Over the Past 10 Years
Min: 23.1 Med: 65.92 Max: 113.94
Current: 81.9

During the past 13 years, Qingdao Huijintong Power Equipment Co's highest Days Payable was 113.94. The lowest was 23.10. And the median was 65.92.

SHSE:603577's Days Payable is ranked better than
53.35% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs SHSE:603577: 81.90

Qingdao Huijintong Power Equipment Co's Days Payable declined from Mar. 2023 (95.01) to Mar. 2024 (91.42). It may suggest that Qingdao Huijintong Power Equipment Co accelerated paying its suppliers.

Qingdao Huijintong Power Equipment Co Days Payable Historical Data

The historical data trend for Qingdao Huijintong Power Equipment 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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Qingdao Huijintong Power Equipment Co Days Payable Chart

Qingdao Huijintong Power Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

27.31

34.01

55.84

85.73

75.99

Qingdao Huijintong Power Equipment 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															95.01	95.90	86.83	65.66	91.42

Competitive Comparison of Qingdao Huijintong Power Equipment Co's Days Payable

For the Metal Fabrication subindustry, Qingdao Huijintong Power Equipment 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.

Qingdao Huijintong Power Equipment Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Huijintong Power Equipment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingdao Huijintong Power Equipment Co's Days Payable falls into.

Qingdao Huijintong Power Equipment 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.

Qingdao Huijintong Power Equipment 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
=	( (794.99	+	719.298)	/	2 )	/	3636.943	*	365
=	757.144					/	3636.943	*	365
=	75.99

Qingdao Huijintong Power Equipment 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
=	( (719.298	+	688.161)	/	2 )	/	702.411	*	365 / 4
=	703.7295					/	702.411	*	365 / 4
=	91.42

Qingdao Huijintong Power Equipment Co Days Payable Related Terms

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Qingdao Huijintong Power Equipment Co (SHSE:603577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Huijintong Power Equipment Co Ltd (SHSE:603577) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

East Industrial Zone, Puji Town, Jiaozhou, CHN, 266327

Website

http://www.hjttower.com

Qingdao Huijintong Power Equipment Co Ltd manufactures steel structures. Its products include Lattice Angle Steel Tower, Steel Tube Tower, Solar Bracket and other steel structures.

Executives

Dong Ping	Directors, senior managers
Liu Jie	Supervisors
Zhang Ju Feng	senior management
Zhang Ming Yang	Supervisors
Zhang Xing	Directors, senior managers
Liang Ting Bo	senior management
Liu Feng	senior management
Liu Yan Hua	Director

Qingdao Huijintong Power Equipment Co (SHSE:603577) Headlines

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