Wuxi Hodgen Technology Co (SZSE:300279) Days Payable : 131.47 (As of Mar. 2024)

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What is Wuxi Hodgen Technology Co Days Payable?

Wuxi Hodgen Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥635 Mil. Wuxi Hodgen Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥441 Mil. Hence, Wuxi Hodgen Technology Co's Days Payable for the three months ended in Mar. 2024 was 131.47.

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

SZSE:300279' s Days Payable Range Over the Past 10 Years
Min: 131.15 Med: 160.31 Max: 183.6
Current: 131.15

During the past 13 years, Wuxi Hodgen Technology Co's highest Days Payable was 183.60. The lowest was 131.15. And the median was 160.31.

SZSE:300279's Days Payable is ranked better than
80.61% of 2424 companies
in the Hardware industry
Industry Median: 68.11 vs SZSE:300279: 131.15

Wuxi Hodgen Technology Co's Days Payable declined from Mar. 2023 (179.67) to Mar. 2024 (131.47). It may suggest that Wuxi Hodgen Technology Co accelerated paying its suppliers.

Wuxi Hodgen Technology Co Days Payable Historical Data

The historical data trend for Wuxi Hodgen 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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Wuxi Hodgen Technology Co Days Payable Chart

Wuxi Hodgen Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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159.14

163.56

155.69

161.47

145.71

Wuxi Hodgen Technology 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															179.67	132.34	130.65	135.03	131.47

Competitive Comparison of Wuxi Hodgen Technology Co's Days Payable

For the Electronic Components subindustry, Wuxi Hodgen 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.

Wuxi Hodgen Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wuxi Hodgen Technology Co's Days Payable distribution charts can be found below:

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

Wuxi Hodgen 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.

Wuxi Hodgen 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
=	( (668.472	+	676.566)	/	2 )	/	1684.694	*	365
=	672.519					/	1684.694	*	365
=	145.71

Wuxi Hodgen 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
=	( (676.566	+	592.783)	/	2 )	/	440.512	*	365 / 4
=	634.6745					/	440.512	*	365 / 4
=	131.47

Wuxi Hodgen Technology Co Days Payable Related Terms

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Wuxi Hodgen Technology Co (SZSE:300279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuxi Hodgen Technology Co Ltd (SZSE:300279) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 177, Changjiang East Road, Wuxi New District, Jiangsu Province, Wuxi, CHN, 214145

Website

http://www.hodgen-china.com

Wuxi Hodgen Technology Co Ltd is an electrical machinery and equipment manufacturing company. It is organized into four business segments: the Hejingzhi Manufacturing segment is engaged in the research, development, manufacture and sale of white goods and intelligent hardware. The System Integration segment provides information services for various enterprises and institutions in the government, education and other industries. The Interactive Data segment serves the broadcasting and television system, the main source of income is access network equipment and intelligent terminals. The Internet Education segment provides a cloud platform for preschool education.

Executives

Gu Qun	Directors, executives
Xu Hong Bin	Directors, executives
Wang Jin	Executives
Chen Bai Lin	Director
Zhou Wei Li	Supervisors
Wang Da Peng	Executives
Qiu Xiao Bin	Directors, executives
Ying Yan Ping	Supervisors
Zhang Chen Yang	Director

Wuxi Hodgen Technology Co (SZSE:300279) Headlines

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