Baoshan Iron & Steel Co (SHSE:600019) Days Payable : 74.78 (As of Sep. 2023)

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What is Baoshan Iron & Steel Co Days Payable?

Baoshan Iron & Steel Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥64,003 Mil. Baoshan Iron & Steel Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥78,100 Mil. Hence, Baoshan Iron & Steel Co's Days Payable for the three months ended in Sep. 2023 was 74.78.

The historical rank and industry rank for Baoshan Iron & Steel Co's Days Payable or its related term are showing as below:

SHSE:600019' s Days Payable Range Over the Past 10 Years
Min: 45.38 Med: 62.45 Max: 70.41
Current: 70.41

During the past 13 years, Baoshan Iron & Steel Co's highest Days Payable was 70.41. The lowest was 45.38. And the median was 62.45.

SHSE:600019's Days Payable is ranked better than
71.77% of 588 companies
in the Steel industry
Industry Median: 39.59 vs SHSE:600019: 70.41

Baoshan Iron & Steel Co's Days Payable increased from Sep. 2022 (59.87) to Sep. 2023 (74.78). It may suggest that Baoshan Iron & Steel Co delayed paying its suppliers.

Baoshan Iron & Steel Co Days Payable Historical Data

The historical data trend for Baoshan Iron & Steel 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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Baoshan Iron & Steel Co Days Payable Chart

Baoshan Iron & Steel Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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59.91

62.47

64.04

58.27

63.54

Baoshan Iron & Steel Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															59.87	64.23	77.71	68.22	74.78

Competitive Comparison of Baoshan Iron & Steel Co's Days Payable

For the Steel subindustry, Baoshan Iron & Steel 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.

Baoshan Iron & Steel Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Baoshan Iron & Steel Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Baoshan Iron & Steel Co's Days Payable falls into.

Baoshan Iron & Steel 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.

Baoshan Iron & Steel Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (58717.544	+	62046.326)	/	2 )	/	346852.363	*	365
=	60381.935					/	346852.363	*	365
=	63.54

Baoshan Iron & Steel Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (64752.593	+	63253.151)	/	2 )	/	78100.035	*	365 / 4
=	64002.872					/	78100.035	*	365 / 4
=	74.78

Baoshan Iron & Steel Co Days Payable Related Terms

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Baoshan Iron & Steel Co (SHSE:600019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Baoshan Iron & Steel Co Ltd (SHSE:600019) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 885 Fujin Road, Baosteel Command Center, Baoshan District, Shanghai, CHN, 201900

Website

http://www.baosteel.com

Baosteel is the listed entity of the largest steel group in China. Its steel businesses--which include steel manufacturing, processing, and distribution--account for roughly 95% of its revenue. The remainder consists of information technology, chemical, finance, and e-commerce activities. The firm focuses on flat steel and commands more than 50% of the domestic China cold-rolled automotive sheet market, roughly 80% of the China grain-oriented electrical steel market, and a third of the non-oriented electrical steel market.

Baoshan Iron & Steel Co (SHSE:600019) Headlines

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