Zhejiang Huayou Cobalt Co (SHSE:603799) Days Payable : 132.13 (As of Mar. 2024)

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What is Zhejiang Huayou Cobalt Co Days Payable?

Zhejiang Huayou Cobalt Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥19,045 Mil. Zhejiang Huayou Cobalt Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥13,153 Mil. Hence, Zhejiang Huayou Cobalt Co's Days Payable for the three months ended in Mar. 2024 was 132.13.

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

SHSE:603799' s Days Payable Range Over the Past 10 Years
Min: 55.03 Med: 83.98 Max: 153.3
Current: 153.3

During the past 13 years, Zhejiang Huayou Cobalt Co's highest Days Payable was 153.30. The lowest was 55.03. And the median was 83.98.

SHSE:603799's Days Payable is ranked better than
52.39% of 1067 companies
in the Metals & Mining industry
Industry Median: 129.97 vs SHSE:603799: 153.30

Zhejiang Huayou Cobalt Co's Days Payable declined from Mar. 2023 (148.47) to Mar. 2024 (132.13). It may suggest that Zhejiang Huayou Cobalt Co accelerated paying its suppliers.

Zhejiang Huayou Cobalt Co Days Payable Historical Data

The historical data trend for Zhejiang Huayou Cobalt 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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Zhejiang Huayou Cobalt Co Days Payable Chart

Zhejiang Huayou Cobalt Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.03

61.13

90.23

129.59

145.54

Zhejiang Huayou Cobalt 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															148.47	194.48	147.31	145.13	132.13

Competitive Comparison of Zhejiang Huayou Cobalt Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Zhejiang Huayou Cobalt 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.

Zhejiang Huayou Cobalt Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhejiang Huayou Cobalt Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Huayou Cobalt Co's Days Payable falls into.

Zhejiang Huayou Cobalt 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.

Zhejiang Huayou Cobalt 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
=	( (25393.123	+	20021.645)	/	2 )	/	56948.774	*	365
=	22707.384					/	56948.774	*	365
=	145.54

Zhejiang Huayou Cobalt 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
=	( (20021.645	+	18068.622)	/	2 )	/	13152.755	*	365 / 4
=	19045.1335					/	13152.755	*	365 / 4
=	132.13

Zhejiang Huayou Cobalt Co Days Payable Related Terms

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Zhejiang Huayou Cobalt Co (SHSE:603799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhejiang Huayou Cobalt Co Ltd (SHSE:603799) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

18 Wu Zhendong Road, Tongxiang Economic Development Zone, Zhejiang, CHN

Website

http://www.huayou.com

Zhejiang Huayou Cobalt Co Ltd provides metal production and processing services. The company produces cobalt oxide, cobalt carbonate, cobalt hydroxide, cobalt oxalate, cobalt sulfate, cobalt monoxide, copper, nickel, and related products. The company serves customers and clients internationally.

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