Hit Welding Industry Co (SZSE:301137) Days Payable : 81.42 (As of Mar. 2024)

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What is Hit Welding Industry Co Days Payable?

Hit Welding Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥252 Mil. Hit Welding Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥283 Mil. Hence, Hit Welding Industry Co's Days Payable for the three months ended in Mar. 2024 was 81.42.

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

SZSE:301137' s Days Payable Range Over the Past 10 Years
Min: 61.74 Med: 81.26 Max: 112.54
Current: 66.81

During the past 7 years, Hit Welding Industry Co's highest Days Payable was 112.54. The lowest was 61.74. And the median was 81.26.

SZSE:301137's Days Payable is ranked worse than
57.36% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs SZSE:301137: 66.81

Hit Welding Industry Co's Days Payable increased from Mar. 2023 (76.82) to Mar. 2024 (81.42). It may suggest that Hit Welding Industry Co delayed paying its suppliers.

Hit Welding Industry Co Days Payable Historical Data

The historical data trend for Hit Welding Industry 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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Hit Welding Industry Co Days Payable Chart

Hit Welding Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

74.04

95.74

85.36

70.29

61.74

Hit Welding Industry Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														76.82	63.25	64.47	57.76	81.42

Competitive Comparison of Hit Welding Industry Co's Days Payable

For the Specialty Industrial Machinery subindustry, Hit Welding Industry 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.

Hit Welding Industry Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hit Welding Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hit Welding Industry Co's Days Payable falls into.

Hit Welding Industry 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.

Hit Welding Industry 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
=	( (233.299	+	242.087)	/	2 )	/	1405.171	*	365
=	237.693					/	1405.171	*	365
=	61.74

Hit Welding Industry 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
=	( (242.087	+	262.169)	/	2 )	/	282.567	*	365 / 4
=	252.128					/	282.567	*	365 / 4
=	81.42

Hit Welding Industry Co Days Payable Related Terms

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Hit Welding Industry Co (SZSE:301137) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hit Welding Industry Co Ltd (SZSE:301137) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213102

Website

http://www.htw.cn

Hit Welding Industry Co Ltd is engaged in research and development, production and sales of various fusion welding materials. The company manufactures metal welding wire, special electrode, welding accessories, trackless guide permanent magnet wheel crawler type all-position autonomous crawling arc welding robot, hoisting machinery equipment manufacturing, and welding equipment.

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