China Railway Hi-tech Industry (SHSE:600528) Days Payable : 294.47 (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is China Railway Hi-tech Industry Days Payable?

China Railway Hi-tech Industry's average Accounts Payable for the three months ended in Mar. 2024 was ¥18,862 Mil. China Railway Hi-tech Industry's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,845 Mil. Hence, China Railway Hi-tech Industry's Days Payable for the three months ended in Mar. 2024 was 294.47.

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

SHSE:600528' s Days Payable Range Over the Past 10 Years
Min: 144.58 Med: 216.88 Max: 274.88
Current: 274.88

During the past 13 years, China Railway Hi-tech Industry's highest Days Payable was 274.88. The lowest was 144.58. And the median was 216.88.

SHSE:600528's Days Payable is ranked better than
88.4% of 1603 companies
in the Construction industry
Industry Median: 74.72 vs SHSE:600528: 274.88

China Railway Hi-tech Industry's Days Payable increased from Mar. 2023 (255.85) to Mar. 2024 (294.47). It may suggest that China Railway Hi-tech Industry delayed paying its suppliers.

China Railway Hi-tech Industry Days Payable Historical Data

The historical data trend for China Railway Hi-tech Industry'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.

* Premium members only.

China Railway Hi-tech Industry Days Payable Chart

China Railway Hi-tech Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

218.39

200.77

215.37

240.67

264.75

China Railway Hi-tech Industry 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															255.85	269.37	297.90	240.33	294.47

Competitive Comparison of China Railway Hi-tech Industry's Days Payable

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

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

* The bar in red indicates where China Railway Hi-tech Industry's Days Payable falls into.

China Railway Hi-tech Industry 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 Hi-tech Industry'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
=	( (16787.103	+	18509.015)	/	2 )	/	24330.444	*	365
=	17648.059					/	24330.444	*	365
=	264.75

China Railway Hi-tech Industry'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
=	( (18509.015	+	19214.78)	/	2 )	/	5844.883	*	365 / 4
=	18861.8975					/	5844.883	*	365 / 4
=	294.47

China Railway Hi-tech Industry Days Payable Related Terms

Thank you for viewing the detailed overview of China Railway Hi-tech Industry's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

China Railway Hi-tech Industry (SHSE:600528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Railway Hi-tech Industry Corp Ltd (SHSE:600528) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Fourth Ring Road West, Building 11, Noord Center, Fengtai District,, Beijing, CHN, 610031

Website

http://www.crhic.cn

China Railway Hi-tech Industry Corp Ltd is engaged in the construction of railway projects, housing, road works and municipal public works.

China Railway Hi-tech Industry (SHSE:600528) Headlines

No Headlines