Zhuzhou Huarui Precision Tools Co (SHSE:688059) Days Payable : 199.12 (As of Mar. 2024)

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What is Zhuzhou Huarui Precision Tools Co Days Payable?

Zhuzhou Huarui Precision Tools Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥233.1 Mil. Zhuzhou Huarui Precision Tools Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥106.8 Mil. Hence, Zhuzhou Huarui Precision Tools Co's Days Payable for the three months ended in Mar. 2024 was 199.12.

The historical rank and industry rank for Zhuzhou Huarui Precision Tools Co's Days Payable or its related term are showing as below:

SHSE:688059' s Days Payable Range Over the Past 10 Years
Min: 50.83 Med: 90.7 Max: 177.67
Current: 177.67

During the past 7 years, Zhuzhou Huarui Precision Tools Co's highest Days Payable was 177.67. The lowest was 50.83. And the median was 90.70.

SHSE:688059's Days Payable is ranked better than
83.02% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs SHSE:688059: 177.67

Zhuzhou Huarui Precision Tools Co's Days Payable increased from Mar. 2023 (195.67) to Mar. 2024 (199.12). It may suggest that Zhuzhou Huarui Precision Tools Co delayed paying its suppliers.

Zhuzhou Huarui Precision Tools Co Days Payable Historical Data

The historical data trend for Zhuzhou Huarui Precision Tools 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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Zhuzhou Huarui Precision Tools Co Days Payable Chart

Zhuzhou Huarui Precision Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

74.03

50.83

75.84

153.76

166.98

Zhuzhou Huarui Precision Tools Co Quarterly Data
	Mar19	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															195.67	159.80	164.53	201.96	199.12

Competitive Comparison of Zhuzhou Huarui Precision Tools Co's Days Payable

For the Tools & Accessories subindustry, Zhuzhou Huarui Precision Tools 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.

Zhuzhou Huarui Precision Tools Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhuzhou Huarui Precision Tools Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhuzhou Huarui Precision Tools Co's Days Payable falls into.

Zhuzhou Huarui Precision Tools 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.

Zhuzhou Huarui Precision Tools 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
=	( (178.615	+	217.673)	/	2 )	/	433.109	*	365
=	198.144					/	433.109	*	365
=	166.98

Zhuzhou Huarui Precision Tools 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
=	( (217.673	+	248.566)	/	2 )	/	106.833	*	365 / 4
=	233.1195					/	106.833	*	365 / 4
=	199.12

Zhuzhou Huarui Precision Tools Co Days Payable Related Terms

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Zhuzhou Huarui Precision Tools Co (SHSE:688059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhuzhou Huarui Precision Tools Co Ltd (SHSE:688059) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68, Chuangye 2nd Road, Lusong District, Hunan Province, Zhuzhou, CHN, 412000

Website

https://www.chinacuttingtools.cn

Zhuzhou Huarui Precision Tools Co Ltd is engaged in research and development, production and sales of cemented carbide tools, solid carbide end mills, welded and clamped cutting tools and cemented carbide material. The company's products are mainly used in aerospace, rail transit, automobile, energy, precision electronics, precision mold and other industries.

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