Hangzhou Robam Appliances Co (SZSE:002508) Days Payable : 279.73 (As of Mar. 2024)

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What is Hangzhou Robam Appliances Co Days Payable?

Hangzhou Robam Appliances Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,385 Mil. Hangzhou Robam Appliances Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,104 Mil. Hence, Hangzhou Robam Appliances Co's Days Payable for the three months ended in Mar. 2024 was 279.73.

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

SZSE:002508' s Days Payable Range Over the Past 10 Years
Min: 117.9 Med: 172.51 Max: 229.15
Current: 212.18

During the past 13 years, Hangzhou Robam Appliances Co's highest Days Payable was 229.15. The lowest was 117.90. And the median was 172.51.

SZSE:002508's Days Payable is ranked better than
95.34% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.11 vs SZSE:002508: 212.18

Hangzhou Robam Appliances Co's Days Payable declined from Mar. 2023 (289.18) to Mar. 2024 (279.73). It may suggest that Hangzhou Robam Appliances Co accelerated paying its suppliers.

Hangzhou Robam Appliances Co Days Payable Historical Data

The historical data trend for Hangzhou Robam Appliances 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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Hangzhou Robam Appliances Co Days Payable Chart

Hangzhou Robam Appliances Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

185.41

229.15

212.14

228.63

229.09

Hangzhou Robam Appliances 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															289.18	205.26	213.19	186.77	279.73

Competitive Comparison of Hangzhou Robam Appliances Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Hangzhou Robam Appliances 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.

Hangzhou Robam Appliances Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hangzhou Robam Appliances Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Robam Appliances Co's Days Payable falls into.

Hangzhou Robam Appliances 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.

Hangzhou Robam Appliances 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
=	( (3291.305	+	3647.464)	/	2 )	/	5527.649	*	365
=	3469.3845					/	5527.649	*	365
=	229.09

Hangzhou Robam Appliances 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
=	( (3647.464	+	3122.016)	/	2 )	/	1104.113	*	365 / 4
=	3384.74					/	1104.113	*	365 / 4
=	279.73

Hangzhou Robam Appliances Co Days Payable Related Terms

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Hangzhou Robam Appliances Co (SZSE:002508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hangzhou Robam Appliances Co Ltd (SZSE:002508) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

592 Linping Road, Yuhang Economic Development Zone, Zhejiang Province, Yuhang District, Hangzhou, CHN, 311100

Website

https://www.robam.com

Hangzhou Robam Appliances Co Ltd is a China based company developing manufacturing and selling household electrical kitchen appliances in China. Some of its products include hood, stove, utensil, disinfection cabinet, electric oven, dishwasher and among others. The company earns majority of its revenue from sale of electrical kitchen appliances.

Hangzhou Robam Appliances Co (SZSE:002508) Headlines

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