AECC Aero-Engine Controls Co (SZSE:000738) Days Payable : 205.41 (As of Mar. 2024)

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What is AECC Aero-Engine Controls Co Days Payable?

AECC Aero-Engine Controls Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,137 Mil. AECC Aero-Engine Controls Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥949 Mil. Hence, AECC Aero-Engine Controls Co's Days Payable for the three months ended in Mar. 2024 was 205.41.

The historical rank and industry rank for AECC Aero-Engine Controls Co's Days Payable or its related term are showing as below:

SZSE:000738' s Days Payable Range Over the Past 10 Years
Min: 122.78 Med: 142.46 Max: 180.43
Current: 179.62

During the past 13 years, AECC Aero-Engine Controls Co's highest Days Payable was 180.43. The lowest was 122.78. And the median was 142.46.

SZSE:000738's Days Payable is ranked better than
77.18% of 298 companies
in the Aerospace & Defense industry
Industry Median: 77.655 vs SZSE:000738: 179.62

AECC Aero-Engine Controls Co's Days Payable increased from Mar. 2023 (170.35) to Mar. 2024 (205.41). It may suggest that AECC Aero-Engine Controls Co delayed paying its suppliers.

AECC Aero-Engine Controls Co Days Payable Historical Data

The historical data trend for AECC Aero-Engine Controls 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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AECC Aero-Engine Controls Co Days Payable Chart

AECC Aero-Engine Controls Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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134.29

142.25

137.58

147.07

180.43

AECC Aero-Engine Controls Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															170.35	152.02	166.66	198.57	205.41

Competitive Comparison of AECC Aero-Engine Controls Co's Days Payable

For the Aerospace & Defense subindustry, AECC Aero-Engine Controls 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.

AECC Aero-Engine Controls Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AECC Aero-Engine Controls Co's Days Payable distribution charts can be found below:

* The bar in red indicates where AECC Aero-Engine Controls Co's Days Payable falls into.

AECC Aero-Engine Controls 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.

AECC Aero-Engine Controls 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
=	( (1663.527	+	2154.58)	/	2 )	/	3861.819	*	365
=	1909.0535					/	3861.819	*	365
=	180.43

AECC Aero-Engine Controls 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
=	( (2154.58	+	2120.083)	/	2 )	/	949.492	*	365 / 4
=	2137.3315					/	949.492	*	365 / 4
=	205.41

AECC Aero-Engine Controls Co Days Payable Related Terms

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AECC Aero-Engine Controls Co (SZSE:000738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AECC Aero-Engine Controls Co Ltd (SZSE:000738) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.72 , Liangxi Road, Binhu District, Jiangsu Province, Wuxi City, CHN

Website

http://www.aaec.com.cn

AECC Aero-Engine Controls Co Ltd is engaged in the provision of aviation and defense and non-aviation civilian products. The company provides civil aviation control system precision components for well-known aviation companies abroad. It operates through three major business segments, Engine Control Systems and Components, International Cooperation and Non-Navigation Products. The Engine Control System and Components business mainly include the development, production, repair, and sales of aero-engine control systems and derivative products.

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