Hong RI DA Technology Co (SZSE:301285) Days Payable : 251.44 (As of Mar. 2024)

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What is Hong RI DA Technology Co Days Payable?

Hong RI DA Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥306.1 Mil. Hong RI DA Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥111.1 Mil. Hence, Hong RI DA Technology Co's Days Payable for the three months ended in Mar. 2024 was 251.44.

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

SZSE:301285' s Days Payable Range Over the Past 10 Years
Min: 145.06 Med: 206.77 Max: 316.84
Current: 145.06

During the past 6 years, Hong RI DA Technology Co's highest Days Payable was 316.84. The lowest was 145.06. And the median was 206.77.

SZSE:301285's Days Payable is ranked better than
83.95% of 2418 companies
in the Hardware industry
Industry Median: 67.94 vs SZSE:301285: 145.06

Hong RI DA Technology Co's Days Payable increased from Mar. 2023 (143.65) to Mar. 2024 (251.44). It may suggest that Hong RI DA Technology Co delayed paying its suppliers.

Hong RI DA Technology Co Days Payable Historical Data

The historical data trend for Hong RI DA 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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Hong RI DA Technology Co Days Payable Chart

Hong RI DA Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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316.84

206.77

176.90

159.88

Hong RI DA Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											143.65	113.78	113.89	137.68	251.44

Competitive Comparison of Hong RI DA Technology Co's Days Payable

For the Electronic Components subindustry, Hong RI DA 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.

Hong RI DA Technology Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Hong RI DA Technology Co's Days Payable falls into.

Hong RI DA 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.

Hong RI DA 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
=	( (183.7	+	323.989)	/	2 )	/	579.5	*	365
=	253.8445					/	579.5	*	365
=	159.88

Hong RI DA 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
=	( (323.989	+	288.302)	/	2 )	/	111.105	*	365 / 4
=	306.1455					/	111.105	*	365 / 4
=	251.44

Hong RI DA Technology Co Days Payable Related Terms

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Hong RI DA Technology Co (SZSE:301285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hong RI DA Technology Co Ltd (SZSE:301285) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

West side of Qingsong Road, Jiangsu Province, Yushan, CHN, 215300

Website

http://www.hongrida.com

Hong RI DA Technology Co Ltd is engaged in the research and development, production and sales of precision connectors.

Hong RI DA Technology Co (SZSE:301285) Headlines

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