Zhejiang Heda Technology Co (SHSE:688296) Days Payable : 200.30 (As of Mar. 2024)

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What is Zhejiang Heda Technology Co Days Payable?

Zhejiang Heda Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥117.4 Mil. Zhejiang Heda Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥53.5 Mil. Hence, Zhejiang Heda Technology Co's Days Payable for the three months ended in Mar. 2024 was 200.30.

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

SHSE:688296' s Days Payable Range Over the Past 10 Years
Min: 114.29 Med: 136.55 Max: 217.26
Current: 198.31

During the past 10 years, Zhejiang Heda Technology Co's highest Days Payable was 217.26. The lowest was 114.29. And the median was 136.55.

SHSE:688296's Days Payable is ranked better than
84.01% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.43 vs SHSE:688296: 198.31

Zhejiang Heda Technology Co's Days Payable declined from Mar. 2023 (244.98) to Mar. 2024 (200.30). It may suggest that Zhejiang Heda Technology Co accelerated paying its suppliers.

Zhejiang Heda Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Heda 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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Zhejiang Heda Technology Co Days Payable Chart

Zhejiang Heda Technology Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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122.16

117.19

122.53

164.83

217.26

Zhejiang Heda Technology Co Quarterly Data
	Dec17	Dec18	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															244.98	330.28	268.54	121.87	200.30

Competitive Comparison of Zhejiang Heda Technology Co's Days Payable

For the Utilities - Regulated Water subindustry, Zhejiang Heda 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.

Zhejiang Heda Technology Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Zhejiang Heda Technology Co's Days Payable distribution charts can be found below:

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

Zhejiang Heda 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.

Zhejiang Heda 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
=	( (146.016	+	131.172)	/	2 )	/	232.84	*	365
=	138.594					/	232.84	*	365
=	217.26

Zhejiang Heda 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
=	( (131.172	+	103.682)	/	2 )	/	53.497	*	365 / 4
=	117.427					/	53.497	*	365 / 4
=	200.30

Zhejiang Heda Technology Co Days Payable Related Terms

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Zhejiang Heda Technology Co (SHSE:688296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhejiang Heda Technology Co Ltd (SHSE:688296) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

36 Changsheng South Road, Building 18, Jiaxing Smart Industrial Innovation Park, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.hddznet.com

Zhejiang Heda Technology Co Ltd focuses on serving water supply, drainage, water conservancy, and agricultural drinking water.

Executives

Guo Jun	Director
Wang Ya Ping	senior management
Zhu Ji Xin	Director
Zhang Hai Hua	Director
Wang Xiao Peng	Director
Yang Hai Feng	Core technical personnel

Zhejiang Heda Technology Co (SHSE:688296) Headlines

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