China Railway Group (China Railway Group) Days Payable : 147.85 (As of Dec. 2023)

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What is China Railway Group Days Payable?

China Railway Group's average Accounts Payable for the three months ended in Dec. 2023 was $75,401 Mil. China Railway Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $46,535 Mil. Hence, China Railway Group's Days Payable for the three months ended in Dec. 2023 was 147.85.

The historical rank and industry rank for China Railway Group's Days Payable or its related term are showing as below:

CRWOY' s Days Payable Range Over the Past 10 Years
Min: 149.62 Med: 166.02 Max: 184.93
Current: 163.85

During the past 13 years, China Railway Group's highest Days Payable was 184.93. The lowest was 149.62. And the median was 166.02.

CRWOY's Days Payable is ranked better than
79.09% of 1602 companies
in the Construction industry
Industry Median: 73.785 vs CRWOY: 163.85

China Railway Group's Days Payable declined from Dec. 2022 (157.45) to Dec. 2023 (147.85). It may suggest that China Railway Group accelerated paying its suppliers.

China Railway Group Days Payable Historical Data

The historical data trend for China Railway Group'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 Railway Group Days Payable Chart

China Railway Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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167.61

148.78

147.73

162.39

173.74

China Railway Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															157.45	176.06	157.42	172.95	147.85

Competitive Comparison of China Railway Group's Days Payable

For the Engineering & Construction subindustry, China Railway Group'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 Railway Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Railway Group's Days Payable distribution charts can be found below:

* The bar in red indicates where China Railway Group's Days Payable falls into.

China Railway Group 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 Railway Group'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
=	( (68911.45	+	82453.865)	/	2 )	/	158993.418	*	365
=	75682.6575					/	158993.418	*	365
=	173.74

China Railway Group'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (68347.739	+	82453.865)	/	2 )	/	46535.411	*	365 / 4
=	75400.802					/	46535.411	*	365 / 4
=	147.85

China Railway Group Days Payable Related Terms

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China Railway Group (China Railway Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Railway Group Ltd (OTCPK:CRWOY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CRWOF:USA 00390:Hong Kong CNO:Germany 601390:China

Address

49 Hoi Yuen Road, Unit 1201-1203, 12th Floor, APEC Plaza, Kowloon, Hong Kong, HKG

Website

http://www.crec.cn

China Railway Group Ltd is a construction conglomerate company. The company's operating segment includes Infrastructure construction; Survey, design and consulting services; Engineering equipment and component manufacturing; Property development, and Other businesses. It generates maximum revenue from the Infrastructure construction segment. The Infrastructure construction segment includes the construction of railways, highways, bridges, tunnels, metropolitan railways (including subways and light railways), buildings, irrigation works, hydroelectricity projects, ports, docks, airports, and other municipal works.

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