Shougang Century Holdings (FRA:CW7) Days Payable : 134.19 (As of Dec. 2023)

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What is Shougang Century Holdings Days Payable?

Shougang Century Holdings's average Accounts Payable for the six months ended in Dec. 2023 was €92.0 Mil. Shougang Century Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €125.1 Mil. Hence, Shougang Century Holdings's Days Payable for the six months ended in Dec. 2023 was 134.19.

The historical rank and industry rank for Shougang Century Holdings's Days Payable or its related term are showing as below:

FRA:CW7' s Days Payable Range Over the Past 10 Years
Min: 69.97 Med: 143.97 Max: 164.25
Current: 135.7

During the past 13 years, Shougang Century Holdings's highest Days Payable was 164.25. The lowest was 69.97. And the median was 143.97.

FRA:CW7's Days Payable is ranked better than
90.09% of 585 companies
in the Steel industry
Industry Median: 41.34 vs FRA:CW7: 135.70

Shougang Century Holdings's Days Payable declined from Dec. 2022 (152.47) to Dec. 2023 (134.19). It may suggest that Shougang Century Holdings accelerated paying its suppliers.

Shougang Century Holdings Days Payable Historical Data

The historical data trend for Shougang Century Holdings'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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Shougang Century Holdings Days Payable Chart

Shougang Century Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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154.78

169.53

146.54

158.11

139.65

Shougang Century Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															149.55	168.42	152.47	137.77	134.19

Competitive Comparison of Shougang Century Holdings's Days Payable

For the Steel subindustry, Shougang Century Holdings'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.

Shougang Century Holdings's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shougang Century Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Shougang Century Holdings's Days Payable falls into.

Shougang Century Holdings 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.

Shougang Century Holdings'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
=	( (97.109	+	93.398)	/	2 )	/	248.967	*	365
=	95.2535					/	248.967	*	365
=	139.65

Shougang Century Holdings'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (90.571	+	93.398)	/	2 )	/	125.099	*	365 / 2
=	91.9845					/	125.099	*	365 / 2
=	134.19

Shougang Century Holdings Days Payable Related Terms

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Shougang Century Holdings (FRA:CW7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shougang Century Holdings Ltd (FRA:CW7) » Definitions » Days Payable

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00103:Hong Kong

Address

6 Sun Yip Street, Room 1215, 12th Floor, Honour Industrial Centre, Chai Wan, Hong Kong, HKG

Website

https://www.shougangcentury.com.hk

Shougang Century Holdings Ltd along with its subsidiaries is engaged in the manufacturing and sales of steel cords for radial tyres, sawing wires and hose wires. The steel cords are specifically used in radial tires. The company generates majority of its revenue from the steel cord business in China. The Group's operations are currently organized into one reportable segment which is steel cord segment.

Shougang Century Holdings (FRA:CW7) Headlines

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