Dazhong Transportation (Group) Co (SHSE:600611) Days Payable : 32.18 (As of Dec. 2023)

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What is Dazhong Transportation (Group) Co Days Payable?

Dazhong Transportation (Group) Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥329 Mil. Dazhong Transportation (Group) Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥932 Mil. Hence, Dazhong Transportation (Group) Co's Days Payable for the three months ended in Dec. 2023 was 32.18.

The historical rank and industry rank for Dazhong Transportation (Group) Co's Days Payable or its related term are showing as below:

SHSE:600611' s Days Payable Range Over the Past 10 Years
Min: 22.76 Med: 35.54 Max: 71.24
Current: 41.3

During the past 13 years, Dazhong Transportation (Group) Co's highest Days Payable was 71.24. The lowest was 22.76. And the median was 35.54.

SHSE:600611's Days Payable is ranked better than
52.95% of 931 companies
in the Transportation industry
Industry Median: 39.25 vs SHSE:600611: 41.30

Dazhong Transportation (Group) Co's Days Payable declined from Dec. 2022 (45.08) to Dec. 2023 (32.18). It may suggest that Dazhong Transportation (Group) Co accelerated paying its suppliers.

Dazhong Transportation (Group) Co Days Payable Historical Data

The historical data trend for Dazhong Transportation (Group) 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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Dazhong Transportation (Group) Co Days Payable Chart

Dazhong Transportation (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.76

71.24

61.00

66.90

32.18

Dazhong Transportation (Group) Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															45.08	61.11	44.40	43.47	32.18

Competitive Comparison of Dazhong Transportation (Group) Co's Days Payable

For the Trucking subindustry, Dazhong Transportation (Group) 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.

Dazhong Transportation (Group) Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Dazhong Transportation (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Dazhong Transportation (Group) Co's Days Payable falls into.

Dazhong Transportation (Group) 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.

Dazhong Transportation (Group) 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
=	( (342.765	+	232.856)	/	2 )	/	3264.655	*	365
=	287.8105					/	3264.655	*	365
=	32.18

Dazhong Transportation (Group) 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
=	( (424.176	+	232.856)	/	2 )	/	931.503	*	365 / 4
=	328.516					/	931.503	*	365 / 4
=	32.18

Dazhong Transportation (Group) Co Days Payable Related Terms

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Dazhong Transportation (Group) Co (SHSE:600611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dazhong Transportation (Group) Co Ltd (SHSE:600611) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

900903:China

Address

No. 1515 Zhongshan West Road, Dazhong Building, 22nd Floor, Xuhui District, Shanghai, CHN, 200235

Website

http://www.96822.com

Dazhong Transportation Group is a passenger transportation and property investment company. The company operates taxis and public bus passenger transportation, and maintains, leases, and distributes automobiles. Dazhong Transportation also operates a real estate investment business, which develops, leases, and sells residential and commercial property. In addition, the company provides logistics, tourism, and catering services. The company is headquartered in the People's Republic of China, and generates revenue domestically.

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