Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Days Payable : 209.93 (As of Mar. 2024)

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What is Wuxi Xinhongye Wire And Cable Co Days Payable?

Wuxi Xinhongye Wire And Cable Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥988 Mil. Wuxi Xinhongye Wire And Cable Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥430 Mil. Hence, Wuxi Xinhongye Wire And Cable Co's Days Payable for the three months ended in Mar. 2024 was 209.93.

The historical rank and industry rank for Wuxi Xinhongye Wire And Cable Co's Days Payable or its related term are showing as below:

SZSE:301310' s Days Payable Range Over the Past 10 Years
Min: 53.47 Med: 139.34 Max: 255.91
Current: 255.15

During the past 6 years, Wuxi Xinhongye Wire And Cable Co's highest Days Payable was 255.91. The lowest was 53.47. And the median was 139.34.

SZSE:301310's Days Payable is ranked better than
92.84% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:301310: 255.15

Wuxi Xinhongye Wire And Cable Co's Days Payable declined from Mar. 2023 (361.46) to Mar. 2024 (209.93). It may suggest that Wuxi Xinhongye Wire And Cable Co accelerated paying its suppliers.

Wuxi Xinhongye Wire And Cable Co Days Payable Historical Data

The historical data trend for Wuxi Xinhongye Wire And Cable 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 Xinhongye Wire And Cable Co Days Payable Chart

Wuxi Xinhongye Wire And Cable Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

54.27

102.85

175.83

255.91

254.64

Wuxi Xinhongye Wire And Cable 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											361.46	319.87	278.10	226.97	209.93

Competitive Comparison of Wuxi Xinhongye Wire And Cable Co's Days Payable

For the Electrical Equipment & Parts subindustry, Wuxi Xinhongye Wire And Cable 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 Xinhongye Wire And Cable Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Xinhongye Wire And Cable Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Wuxi Xinhongye Wire And Cable Co's Days Payable falls into.

Wuxi Xinhongye Wire And Cable 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 Xinhongye Wire And Cable 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
=	( (1438.293	+	996.965)	/	2 )	/	1745.318	*	365
=	1217.629					/	1745.318	*	365
=	254.64

Wuxi Xinhongye Wire And Cable 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
=	( (996.965	+	979.981)	/	2 )	/	429.655	*	365 / 4
=	988.473					/	429.655	*	365 / 4
=	209.93

Wuxi Xinhongye Wire And Cable Co Days Payable Related Terms

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Wuxi Xinhongye Wire And Cable Co (SZSE:301310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Xinhongye Wire And Cable Co Ltd (SZSE:301310) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 17, Hexin Road, Xishan Economic and Technological Development Zone, Jiangsu, Wuxi, CHN, 214101

Website

http://www.xhycable.com

Wuxi Xinhongye Wire And Cable Co Ltd are engaged in Research &Development, production, and sales of photovoltaic cables, new energy vehicle cables, industrial cables, and other special cables. The company has broad market development prospects, and its products are widely used in various industries such as power distribution systems, automobiles, new energy vehicles, electrical wiring harnesses, UPS power supplies, transformers, motors, sensors, thermal protectors, and new energy sources worldwide.

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