Hicon Network Technology (Shandong) Co (SZSE:301262) Days Payable : 267.54 (As of Mar. 2024)

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What is Hicon Network Technology (Shandong) Co Days Payable?

Hicon Network Technology (Shandong) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥314.2 Mil. Hicon Network Technology (Shandong) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥107.2 Mil. Hence, Hicon Network Technology (Shandong) Co's Days Payable for the three months ended in Mar. 2024 was 267.54.

The historical rank and industry rank for Hicon Network Technology (Shandong) Co's Days Payable or its related term are showing as below:

SZSE:301262' s Days Payable Range Over the Past 10 Years
Min: 186.86 Med: 235.51 Max: 265.85
Current: 265.85

During the past 7 years, Hicon Network Technology (Shandong) Co's highest Days Payable was 265.85. The lowest was 186.86. And the median was 235.51.

SZSE:301262's Days Payable is ranked better than
82.94% of 932 companies
in the Media - Diversified industry
Industry Median: 79.485 vs SZSE:301262: 265.85

Hicon Network Technology (Shandong) Co's Days Payable increased from Mar. 2023 (256.43) to Mar. 2024 (267.54). It may suggest that Hicon Network Technology (Shandong) Co delayed paying its suppliers.

Hicon Network Technology (Shandong) Co Days Payable Historical Data

The historical data trend for Hicon Network Technology (Shandong) 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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Hicon Network Technology (Shandong) Co Days Payable Chart

Hicon Network Technology (Shandong) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

240.06

231.86

219.02

239.16

Hicon Network Technology (Shandong) Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													256.43	250.73	293.14	260.88	267.54

Competitive Comparison of Hicon Network Technology (Shandong) Co's Days Payable

For the Broadcasting subindustry, Hicon Network Technology (Shandong) 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.

Hicon Network Technology (Shandong) Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hicon Network Technology (Shandong) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hicon Network Technology (Shandong) Co's Days Payable falls into.

Hicon Network Technology (Shandong) 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.

Hicon Network Technology (Shandong) 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
=	( (282.219	+	293.086)	/	2 )	/	439.017	*	365
=	287.6525					/	439.017	*	365
=	239.16

Hicon Network Technology (Shandong) 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
=	( (293.086	+	335.396)	/	2 )	/	107.18	*	365 / 4
=	314.241					/	107.18	*	365 / 4
=	267.54

Hicon Network Technology (Shandong) Co Days Payable Related Terms

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Hicon Network Technology (Shandong) Co (SZSE:301262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hicon Network Technology (Shandong) Co Ltd (SZSE:301262) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18567, Jingshi Road, 6th Floor, New Radio and Television Center Building, Shandong Province, Jinan, CHN, 250062

Website

http://www.ihicon.com

Hicon Network Technology (Shandong) Co Ltd exclusively operate the operating business related to Shandong IPTV integrated broadcast control.

Hicon Network Technology (Shandong) Co (SZSE:301262) Headlines

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