Guangdong Hongda Holdings Group Co (SZSE:002683) Days Payable : 117.65 (As of Mar. 2024)

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What is Guangdong Hongda Holdings Group Co Days Payable?

Guangdong Hongda Holdings Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,338 Mil. Guangdong Hongda Holdings Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,813 Mil. Hence, Guangdong Hongda Holdings Group Co's Days Payable for the three months ended in Mar. 2024 was 117.65.

The historical rank and industry rank for Guangdong Hongda Holdings Group Co's Days Payable or its related term are showing as below:

SZSE:002683' s Days Payable Range Over the Past 10 Years
Min: 87.98 Med: 99.24 Max: 116.57
Current: 88.89

During the past 13 years, Guangdong Hongda Holdings Group Co's highest Days Payable was 116.57. The lowest was 87.98. And the median was 99.24.

SZSE:002683's Days Payable is ranked better than
70.75% of 1501 companies
in the Chemicals industry
Industry Median: 60.59 vs SZSE:002683: 88.89

Guangdong Hongda Holdings Group Co's Days Payable declined from Mar. 2023 (119.42) to Mar. 2024 (117.65). It may suggest that Guangdong Hongda Holdings Group Co accelerated paying its suppliers.

Guangdong Hongda Holdings Group Co Days Payable Historical Data

The historical data trend for Guangdong Hongda Holdings Group 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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Guangdong Hongda Holdings Group Co Days Payable Chart

Guangdong Hongda Holdings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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98.55

116.57

99.93

98.06

95.39

Guangdong Hongda Holdings Group 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															119.42	85.98	88.20	77.74	117.65

Competitive Comparison of Guangdong Hongda Holdings Group Co's Days Payable

For the Specialty Chemicals subindustry, Guangdong Hongda Holdings Group 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.

Guangdong Hongda Holdings Group Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Hongda Holdings Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Hongda Holdings Group Co's Days Payable falls into.

Guangdong Hongda Holdings Group 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.

Guangdong Hongda Holdings Group 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
=	( (2337.22	+	2449.032)	/	2 )	/	9156.804	*	365
=	2393.126					/	9156.804	*	365
=	95.39

Guangdong Hongda Holdings Group 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
=	( (2449.032	+	2226.202)	/	2 )	/	1813.113	*	365 / 4
=	2337.617					/	1813.113	*	365 / 4
=	117.65

Guangdong Hongda Holdings Group Co Days Payable Related Terms

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Guangdong Hongda Holdings Group Co (SZSE:002683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Hongda Holdings Group Co Ltd (SZSE:002683) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

49 Huaxia Road Zhujiang, Zhujiang New Town, CHN

Website

http://www.hdbp.com

Guangdong Hongda Holdings Group Co Ltd, formerly Guangdong Hongda Blasting Co Ltd is an integrated mining and explosive service provider. The current business involves the construction and operation of open pit mines and underground. In addition, the company is engaged in the high-tech research and development and application of mine investment construction and operation, civil explosion capacity investment construction and operation, and blasting business.

Executives

Wang Yong Qing	Director
Liang Fa	Executives
Zhao Guo Wen	Secretary Dong
Zheng Ming Chai	Director
Qiu Guan Zhou	Independent director
Fang Jian Ning	Director
Xiao Mei	Supervisors
Li Zhan Jun	Executives
Fang Jian Min	Executives
Zhang Han Ping	Executives

Guangdong Hongda Holdings Group Co (SZSE:002683) Headlines

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