Hygon Information Technology Co (SHSE:688041) Days Payable : 55.51 (As of Mar. 2024)

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What is Hygon Information Technology Co Days Payable?

Hygon Information Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥360 Mil. Hygon Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥591 Mil. Hence, Hygon Information Technology Co's Days Payable for the three months ended in Mar. 2024 was 55.51.

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

SHSE:688041' s Days Payable Range Over the Past 10 Years
Min: 46.08 Med: 120.72 Max: 11635.57
Current: 46.08

During the past 6 years, Hygon Information Technology Co's highest Days Payable was 11635.57. The lowest was 46.08. And the median was 120.72.

SHSE:688041's Days Payable is ranked worse than
72.46% of 2422 companies
in the Hardware industry
Industry Median: 67.85 vs SHSE:688041: 46.08

Hygon Information Technology Co's Days Payable declined from Mar. 2023 (73.11) to Mar. 2024 (55.51). It may suggest that Hygon Information Technology Co accelerated paying its suppliers.

Hygon Information Technology Co Days Payable Historical Data

The historical data trend for Hygon Information 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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Hygon Information Technology Co Days Payable Chart

Hygon Information Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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339.58

149.49

91.94

47.48

49.99

Hygon Information Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											73.11	50.74	45.93	32.98	55.51

Competitive Comparison of Hygon Information Technology Co's Days Payable

For the Computer Hardware subindustry, Hygon Information 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.

Hygon Information Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hygon Information Technology Co's Days Payable distribution charts can be found below:

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

Hygon Information 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.

Hygon Information 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
=	( (342.449	+	321.778)	/	2 )	/	2424.724	*	365
=	332.1135					/	2424.724	*	365
=	49.99

Hygon Information 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
=	( (321.778	+	397.369)	/	2 )	/	591.08	*	365 / 4
=	359.5735					/	591.08	*	365 / 4
=	55.51

Hygon Information Technology Co Days Payable Related Terms

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Hygon Information Technology Co (SHSE:688041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hygon Information Technology Co Ltd (SHSE:688041) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Haitai West Road, Industrial Incubation-3-8, North 2-204, Huayuan Industrial Zone, Tianjin, CHN, 100085

Website

http://www.hygon.cn

Hygon Information Technology Co Ltd is engaged in the research and development, design and sales of high-end processors used in computing and storage devices such as servers and workstations.

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