Highway Payables Turnover from 2010 to 2024

HIHO Stock  USD 2.08  0.01  0.48%   
Highway Holdings Payables Turnover yearly trend continues to be very stable with very little volatility. Payables Turnover is likely to grow to 7.13 this year. Payables Turnover is a liquidity ratio that shows how quickly Highway Holdings Limited pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
6.89
Current Value
7.13
Quarterly Volatility
2.47968843
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Highway Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Highway main balance sheet or income statement drivers, such as Depreciation And Amortization of 613.9 K, Interest Expense of 243.9 K or Total Revenue of 17.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.43, Dividend Yield of 0.12 or PTB Ratio of 0.72. Highway financial statements analysis is a perfect complement when working with Highway Holdings Valuation or Volatility modules.
  
This module can also supplement various Highway Holdings Technical models . Check out the analysis of Highway Holdings Correlation against competitors.

Latest Highway Holdings' Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of Highway Holdings Limited over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Highway Holdings' Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Highway Holdings' overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Pretty Stable
   Payables Turnover   
       Timeline  

Highway Payables Turnover Regression Statistics

Arithmetic Mean9.24
Geometric Mean8.93
Coefficient Of Variation26.84
Mean Deviation2.04
Median9.21
Standard Deviation2.48
Sample Variance6.15
Range8.3044
R-Value(0.15)
Mean Square Error6.47
R-Squared0.02
Significance0.59
Slope(0.08)
Total Sum of Squares86.08

Highway Payables Turnover History

2024 7.13
2023 6.89
2022 7.65
2021 10.38
2020 9.89
2019 8.43
2018 9.21

About Highway Holdings Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Highway Holdings income statement, its balance sheet, and the statement of cash flows. Highway Holdings investors use historical funamental indicators, such as Highway Holdings's Payables Turnover, to determine how well the company is positioned to perform in the future. Although Highway Holdings investors may use each financial statement separately, they are all related. The changes in Highway Holdings's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Highway Holdings's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Highway Holdings Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Highway Holdings. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Payables Turnover 6.89  7.13 

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When determining whether Highway Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Highway Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Highway Holdings Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Highway Holdings Limited Stock:
Check out the analysis of Highway Holdings Correlation against competitors.
Note that the Highway Holdings information on this page should be used as a complementary analysis to other Highway Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Highway Stock analysis

When running Highway Holdings' price analysis, check to measure Highway Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Highway Holdings is operating at the current time. Most of Highway Holdings' value examination focuses on studying past and present price action to predict the probability of Highway Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highway Holdings' price. Additionally, you may evaluate how the addition of Highway Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Highway Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Highway Holdings. If investors know Highway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Highway Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
5.885
Dividend Share
0.2
Earnings Share
(0.23)
Revenue Per Share
1.987
Quarterly Revenue Growth
0.603
The market value of Highway Holdings is measured differently than its book value, which is the value of Highway that is recorded on the company's balance sheet. Investors also form their own opinion of Highway Holdings' value that differs from its market value or its book value, called intrinsic value, which is Highway Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Highway Holdings' market value can be influenced by many factors that don't directly affect Highway Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Highway Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Highway Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highway Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.