Zhejiang Expressway Co (Zhejiang Expressway Co) Days Payable : 1,389.80 (As of Dec. 2023)

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What is Zhejiang Expressway Co Days Payable?

Zhejiang Expressway Co's average Accounts Payable for the three months ended in Dec. 2023 was $6,495 Mil. Zhejiang Expressway Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $426 Mil. Hence, Zhejiang Expressway Co's Days Payable for the three months ended in Dec. 2023 was 1,389.80.

The historical rank and industry rank for Zhejiang Expressway Co's Days Payable or its related term are showing as below:

ZHEXY' s Days Payable Range Over the Past 10 Years
Min: 823.68 Med: 1361.37 Max: 3502.76
Current: 3502.76

During the past 13 years, Zhejiang Expressway Co's highest Days Payable was 3502.76. The lowest was 823.68. And the median was 1361.37.

ZHEXY's Days Payable is ranked better than
99.06% of 1603 companies
in the Construction industry
Industry Median: 73.79 vs ZHEXY: 3502.76

Zhejiang Expressway Co's Days Payable declined from Sep. 2022 (1,671.75) to Dec. 2023 (1,389.80). It may suggest that Zhejiang Expressway Co accelerated paying its suppliers.

Zhejiang Expressway Co Days Payable Historical Data

The historical data trend for Zhejiang Expressway 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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Zhejiang Expressway Co Days Payable Chart

Zhejiang Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,039.05

1,100.09

1,290.83

1,820.01

1,819.68

Zhejiang Expressway Co Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															1,671.75	1,643.88	-	2,219.22	1,389.80

Competitive Comparison of Zhejiang Expressway Co's Days Payable

For the Infrastructure Operations subindustry, Zhejiang Expressway 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.

Zhejiang Expressway Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Expressway Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Expressway Co's Days Payable falls into.

Zhejiang Expressway 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.

Zhejiang Expressway 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
=	( (7141.979	+	6495.169)	/	2 )	/	1367.704	*	365
=	6818.574					/	1367.704	*	365
=	1,819.68

Zhejiang Expressway 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	6495.169)	/	1 )	/	426.453	*	365 / 4
=	6495.169					/	426.453	*	365 / 4
=	1,389.80

Zhejiang Expressway Co Days Payable Related Terms

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Zhejiang Expressway Co (Zhejiang Expressway Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Expressway Co Ltd (OTCPK:ZHEXY) » Definitions » Days Payable

Traded in Other Exchanges

ZHEXF:USA 00576:Hong Kong ZHJ:Germany

Address

199 Wuxing Road, 5th Floor, No. 2, Mingzhu International Business Center, Zhejiang Province, Hangzhou, CHN, 310020

Website

https://www.zjec.com.cn

Zhejiang Expressway Co Ltd is a Chinese infrastructure company which, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll road business, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next most significant segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of revenue domestically.

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