Hubei Shuanghuan Science And Technology Stock Co (SZSE:000707) Days Payable : 38.13 (As of Mar. 2024)

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What is Hubei Shuanghuan Science And Technology Stock Co Days Payable?

Hubei Shuanghuan Science And Technology Stock Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥264 Mil. Hubei Shuanghuan Science And Technology Stock Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥631 Mil. Hence, Hubei Shuanghuan Science And Technology Stock Co's Days Payable for the three months ended in Mar. 2024 was 38.13.

The historical rank and industry rank for Hubei Shuanghuan Science And Technology Stock Co's Days Payable or its related term are showing as below:

SZSE:000707' s Days Payable Range Over the Past 10 Years
Min: 36.61 Med: 138.76 Max: 259.86
Current: 36.61

During the past 13 years, Hubei Shuanghuan Science And Technology Stock Co's highest Days Payable was 259.86. The lowest was 36.61. And the median was 138.76.

SZSE:000707's Days Payable is ranked worse than
74.02% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs SZSE:000707: 36.61

Hubei Shuanghuan Science And Technology Stock Co's Days Payable increased from Mar. 2023 (31.53) to Mar. 2024 (38.13). It may suggest that Hubei Shuanghuan Science And Technology Stock Co delayed paying its suppliers.

Hubei Shuanghuan Science And Technology Stock Co Days Payable Historical Data

The historical data trend for Hubei Shuanghuan Science And Technology Stock 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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Hubei Shuanghuan Science And Technology Stock Co Days Payable Chart

Hubei Shuanghuan Science And Technology Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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139.12

84.48

52.17

36.97

37.34

Hubei Shuanghuan Science And Technology Stock 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															31.53	35.18	39.13	36.03	38.13

Competitive Comparison of Hubei Shuanghuan Science And Technology Stock Co's Days Payable

For the Chemicals subindustry, Hubei Shuanghuan Science And Technology Stock 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.

Hubei Shuanghuan Science And Technology Stock Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hubei Shuanghuan Science And Technology Stock Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hubei Shuanghuan Science And Technology Stock Co's Days Payable falls into.

Hubei Shuanghuan Science And Technology Stock 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.

Hubei Shuanghuan Science And Technology Stock 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
=	( (316.281	+	274.593)	/	2 )	/	2887.575	*	365
=	295.437					/	2887.575	*	365
=	37.34

Hubei Shuanghuan Science And Technology Stock 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
=	( (274.593	+	252.88)	/	2 )	/	631.083	*	365 / 4
=	263.7365					/	631.083	*	365 / 4
=	38.13

Hubei Shuanghuan Science And Technology Stock Co Days Payable Related Terms

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Hubei Shuanghuan Science And Technology Stock Co (SZSE:000707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Shuanghuan Science And Technology Stock Co Ltd (SZSE:000707) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 26 Unity Avenue, Dongmafang, Hubei Province, Yingcheng, CHN, 432407

Website

http://www.hbshkj.cn

Hubei Shuanghuan Science And Technology Stock Co Ltd is a China based company involved in the chemical manufacturing. It is principally engaged in the manufacture of soda ash, ammonium chloride, baking soda, oxygen, liquid argon, sulfur, crude salt, and hydrochloric acid.

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