HBIS Resources Co (SZSE:000923) Days Payable : 138.56 (As of Mar. 2024)

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What is HBIS Resources Co Days Payable?

HBIS Resources Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥807 Mil. HBIS Resources Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥531 Mil. Hence, HBIS Resources Co's Days Payable for the three months ended in Mar. 2024 was 138.56.

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

SZSE:000923' s Days Payable Range Over the Past 10 Years
Min: 71.68 Med: 116.86 Max: 693
Current: 111.64

During the past 13 years, HBIS Resources Co's highest Days Payable was 693.00. The lowest was 71.68. And the median was 116.86.

SZSE:000923's Days Payable is ranked better than
67.8% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.32 vs SZSE:000923: 111.64

HBIS Resources Co's Days Payable increased from Mar. 2023 (126.44) to Mar. 2024 (138.56). It may suggest that HBIS Resources Co delayed paying its suppliers.

HBIS Resources Co Days Payable Historical Data

The historical data trend for HBIS Resources 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.

* Premium members only.

HBIS Resources Co Days Payable Chart

HBIS Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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110.64

125.40

125.61

121.48

112.23

HBIS Resources 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															126.44	109.93	86.69	100.00	138.56

Competitive Comparison of HBIS Resources Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, HBIS Resources 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.

HBIS Resources Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, HBIS Resources Co's Days Payable distribution charts can be found below:

* The bar in red indicates where HBIS Resources Co's Days Payable falls into.

HBIS Resources 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.

HBIS Resources 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
=	( (618.83	+	715.232)	/	2 )	/	2169.443	*	365
=	667.031					/	2169.443	*	365
=	112.23

HBIS Resources 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
=	( (715.232	+	897.882)	/	2 )	/	531.182	*	365 / 4
=	806.557					/	531.182	*	365 / 4
=	138.56

HBIS Resources Co Days Payable Related Terms

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HBIS Resources Co (SZSE:000923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » HBIS Resources Co Ltd (SZSE:000923) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 21 Dongsheng Road, Xuanbei District, Hebei, Zhangjiakou, CHN, 075105

Website

http://www.hbxg.com

HBIS Resources Co Ltd, formerly Xuanhua Construction Machinery Co Ltd is mainly engaged in the production and distribution of bulldozer, loader, roller and mining components in China.

HBIS Resources Co (SZSE:000923) Headlines

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