Hangzhou Cable Co (SHSE:603618) Days Payable : 96.41 (As of Mar. 2024)

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What is Hangzhou Cable Co Days Payable?

Hangzhou Cable Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,473 Mil. Hangzhou Cable Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,394 Mil. Hence, Hangzhou Cable Co's Days Payable for the three months ended in Mar. 2024 was 96.41.

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

SHSE:603618' s Days Payable Range Over the Past 10 Years
Min: 59.11 Med: 80.51 Max: 135.02
Current: 71.27

During the past 13 years, Hangzhou Cable Co's highest Days Payable was 135.02. The lowest was 59.11. And the median was 80.51.

SHSE:603618's Days Payable is ranked worse than
54.29% of 2934 companies
in the Industrial Products industry
Industry Median: 76.49 vs SHSE:603618: 71.27

Hangzhou Cable Co's Days Payable increased from Mar. 2023 (83.07) to Mar. 2024 (96.41). It may suggest that Hangzhou Cable Co delayed paying its suppliers.

Hangzhou Cable Co Days Payable Historical Data

The historical data trend for Hangzhou Cable 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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Hangzhou Cable Co Days Payable Chart

Hangzhou Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.46

69.73

63.58

59.11

69.37

Hangzhou Cable 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															83.07	59.17	55.36	67.96	96.41

Competitive Comparison of Hangzhou Cable Co's Days Payable

For the Electrical Equipment & Parts subindustry, Hangzhou Cable 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.

Hangzhou Cable Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hangzhou Cable Co's Days Payable falls into.

Hangzhou Cable 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.

Hangzhou Cable 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
=	( (1146.818	+	1229.364)	/	2 )	/	6251.437	*	365
=	1188.091					/	6251.437	*	365
=	69.37

Hangzhou Cable 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
=	( (1229.364	+	1715.88)	/	2 )	/	1393.834	*	365 / 4
=	1472.622					/	1393.834	*	365 / 4
=	96.41

Hangzhou Cable Co Days Payable Related Terms

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Hangzhou Cable Co (SHSE:603618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Cable Co Ltd (SHSE:603618) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

6th Street 68-1, Hangzhou Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

http://www.hzcables.com

Hangzhou Cable Co Ltd engaged in the research and development, manufacturing and sale of wire and cable. The Company researches develop, produces and markets EHV cables, plastic wire, rubber cable and aerial cable, Aluminium alloy, Power cable, Rubber sleeve cable, Overhead wire, Mining cable and Control cable.

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