China High Speed Transmission Equipment Group Co (China High Speed Transmission Equipment Group Co) Days Payable : 140.21 (As of Dec. 2023)

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What is China High Speed Transmission Equipment Group Co Days Payable?

China High Speed Transmission Equipment Group Co's average Accounts Payable for the six months ended in Dec. 2023 was $1,203 Mil. China High Speed Transmission Equipment Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,565 Mil. Hence, China High Speed Transmission Equipment Group Co's Days Payable for the six months ended in Dec. 2023 was 140.21.

The historical rank and industry rank for China High Speed Transmission Equipment Group Co's Days Payable or its related term are showing as below:

CHSTY' s Days Payable Range Over the Past 10 Years
Min: 136.8 Med: 203.52 Max: 412.52
Current: 161.66

During the past 13 years, China High Speed Transmission Equipment Group Co's highest Days Payable was 412.52. The lowest was 136.80. And the median was 203.52.

CHSTY's Days Payable is ranked better than
79.75% of 2928 companies
in the Industrial Products industry
Industry Median: 76.275 vs CHSTY: 161.66

China High Speed Transmission Equipment Group Co's Days Payable declined from Dec. 2022 (171.76) to Dec. 2023 (140.21). It may suggest that China High Speed Transmission Equipment Group Co accelerated paying its suppliers.

China High Speed Transmission Equipment Group Co Days Payable Historical Data

The historical data trend for China High Speed Transmission Equipment Group 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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China High Speed Transmission Equipment Group Co Days Payable Chart

China High Speed Transmission Equipment Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

288.17

178.64

137.20

177.07

155.78

China High Speed Transmission Equipment Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															157.70	157.86	171.76	193.90	140.21

Competitive Comparison of China High Speed Transmission Equipment Group Co's Days Payable

For the Specialty Industrial Machinery subindustry, China High Speed Transmission Equipment Group 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.

China High Speed Transmission Equipment Group Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China High Speed Transmission Equipment Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China High Speed Transmission Equipment Group Co's Days Payable falls into.

China High Speed Transmission Equipment Group 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.

China High Speed Transmission Equipment Group 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
=	( (1443.677	+	1028.874)	/	2 )	/	2896.608	*	365
=	1236.2755					/	2896.608	*	365
=	155.78

China High Speed Transmission Equipment Group Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1376.518	+	1028.874)	/	2 )	/	1565.446	*	365 / 2
=	1202.696					/	1565.446	*	365 / 2
=	140.21

China High Speed Transmission Equipment Group Co Days Payable Related Terms

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China High Speed Transmission Equipment Group Co (China High Speed Transmission Equipment Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China High Speed Transmission Equipment Group Co Ltd (OTCPK:CHSTY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00658:Hong Kong BGR:Germany

Address

No. 30, Houjiao Road, Jiangning District, Nanjing, CHN

Website

https://www.chste.com

China High Speed Transmission Equipment Group Co Ltd is a China-based company that is engaged in researching, developing, designing, manufacturing, and distributing a wide range of mechanical transmission equipment. Its business portfolio includes Wind Energy Gearboxes; Rail Vehicle Gearboxes; Industrial Gearbox; and Robot Reducers. The company's segment includes Wind and industrial gear transmission equipment; Rail transportation gear transmission equipment segment; Trading business and Others.