XCMG Construction Machinery Co (SZSE:000425) Days Payable : 280.30 (As of Sep. 2023)

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What is XCMG Construction Machinery Co Days Payable?

XCMG Construction Machinery Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥48,230 Mil. XCMG Construction Machinery Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥15,701 Mil. Hence, XCMG Construction Machinery Co's Days Payable for the three months ended in Sep. 2023 was 280.30.

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

SZSE:000425' s Days Payable Range Over the Past 10 Years
Min: 153.33 Med: 190.08 Max: 268.94
Current: 268.94

During the past 13 years, XCMG Construction Machinery Co's highest Days Payable was 268.94. The lowest was 153.33. And the median was 190.08.

SZSE:000425's Days Payable is ranked better than
93.66% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 70.05 vs SZSE:000425: 268.94

XCMG Construction Machinery Co's Days Payable declined from Sep. 2022 (294.29) to Sep. 2023 (280.30). It may suggest that XCMG Construction Machinery Co accelerated paying its suppliers.

XCMG Construction Machinery Co Days Payable Historical Data

The historical data trend for XCMG Construction Machinery 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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XCMG Construction Machinery Co Days Payable Chart

XCMG Construction Machinery Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

153.33

169.49

178.67

178.06

261.50

XCMG Construction Machinery 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															294.29	338.06	251.94	218.35	280.30

Competitive Comparison of XCMG Construction Machinery Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, XCMG Construction Machinery 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.

XCMG Construction Machinery Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, XCMG Construction Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where XCMG Construction Machinery Co's Days Payable falls into.

XCMG Construction Machinery 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.

XCMG Construction Machinery 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
=	( (56875.734	+	50383.241)	/	2 )	/	74855.161	*	365
=	53629.4875					/	74855.161	*	365
=	261.50

XCMG Construction Machinery 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
=	( (49657.245	+	46801.976)	/	2 )	/	15700.627	*	365 / 4
=	48229.6105					/	15700.627	*	365 / 4
=	280.30

XCMG Construction Machinery Co Days Payable Related Terms

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XCMG Construction Machinery Co (SZSE:000425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » XCMG Construction Machinery Co Ltd (SZSE:000425) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Mountain Road, Economic and Technological Development Zone, Jinshanqiao, Jiangsu, Xuzhou, CHN, 221004

Website

http://www.xcmg.com

XCMG Construction Machinery Co Ltd is engaged in tech development, manufacturing and distribution of mainframes and hydraulic pressure parts in China. Its products include hoisting machinery, shovel machinery, compaction machinery, concrete machinery, road machinery, pile construction machinery, firefighting machinery, and construction machinery spare parts. The company distributes its products within domestic market and to overseas markets.

XCMG Construction Machinery Co (SZSE:000425) Headlines

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