Ningxia Western Venture Industrial Co (SZSE:000557) Days Payable : 51.97 (As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Ningxia Western Venture Industrial Co Days Payable?

Ningxia Western Venture Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥126 Mil. Ningxia Western Venture Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥221 Mil. Hence, Ningxia Western Venture Industrial Co's Days Payable for the three months ended in Mar. 2024 was 51.97.

The historical rank and industry rank for Ningxia Western Venture Industrial Co's Days Payable or its related term are showing as below:

SZSE:000557' s Days Payable Range Over the Past 10 Years
Min: 47.03 Med: 96.04 Max: 2702.12
Current: 47.03

During the past 13 years, Ningxia Western Venture Industrial Co's highest Days Payable was 2702.12. The lowest was 47.03. And the median was 96.04.

SZSE:000557's Days Payable is ranked better than
59.57% of 935 companies
in the Transportation industry
Industry Median: 38.5 vs SZSE:000557: 47.03

Ningxia Western Venture Industrial Co's Days Payable declined from Mar. 2023 (82.17) to Mar. 2024 (51.97). It may suggest that Ningxia Western Venture Industrial Co accelerated paying its suppliers.

Ningxia Western Venture Industrial Co Days Payable Historical Data

The historical data trend for Ningxia Western Venture Industrial 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.

* Premium members only.

Ningxia Western Venture Industrial Co Days Payable Chart

Ningxia Western Venture Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

89.91

65.73

55.45

57.23

55.52

Ningxia Western Venture Industrial 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															82.17	70.37	40.34	34.59	51.97

Competitive Comparison of Ningxia Western Venture Industrial Co's Days Payable

For the Railroads subindustry, Ningxia Western Venture Industrial 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.

Ningxia Western Venture Industrial Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ningxia Western Venture Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningxia Western Venture Industrial Co's Days Payable falls into.

Ningxia Western Venture Industrial 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.

Ningxia Western Venture Industrial 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
=	( (267.628	+	134.638)	/	2 )	/	1322.234	*	365
=	201.133					/	1322.234	*	365
=	55.52

Ningxia Western Venture Industrial 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
=	( (134.638	+	117.176)	/	2 )	/	221.052	*	365 / 4
=	125.907					/	221.052	*	365 / 4
=	51.97

Ningxia Western Venture Industrial Co Days Payable Related Terms

Thank you for viewing the detailed overview of Ningxia Western Venture Industrial Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ningxia Western Venture Industrial Co (SZSE:000557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ningxia Western Venture Industrial Co Ltd (SZSE:000557) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Beijing Middle Road, The First Floor of Block C, Ningxia Hui Autonomous Region, Yinchuan, CHN

Website

http://www.xbcy.nx.cn

Ningxia Western Venture Industrial Co Ltd is engaged in the business of railway transportation, warehousing and logistics, wine, and hotel catering.

Executives

Zhu Guan Hu

Director

Ningxia Western Venture Industrial Co (SZSE:000557) Headlines

No Headlines