China Oriental Group Co (HKSE:00581) Days Payable : 36.15 (As of Jun. 2024)

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What is China Oriental Group Co Days Payable?

China Oriental Group Co's average Accounts Payable for the six months ended in Jun. 2024 was HK$4,620 Mil. China Oriental Group Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$23,323 Mil. Hence, China Oriental Group Co's Days Payable for the six months ended in Jun. 2024 was 36.15.

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

HKSE:00581' s Days Payable Range Over the Past 10 Years
Min: 32.58 Med: 45.05 Max: 88.14
Current: 34.24

During the past 13 years, China Oriental Group Co's highest Days Payable was 88.14. The lowest was 32.58. And the median was 45.05.

HKSE:00581's Days Payable is ranked worse than
56.62% of 604 companies
in the Steel industry
Industry Median: 40.4 vs HKSE:00581: 34.24

China Oriental Group Co's Days Payable increased from Jun. 2023 (34.68) to Jun. 2024 (36.15). It may suggest that China Oriental Group Co delayed paying its suppliers.

China Oriental Group Co Days Payable Historical Data

The historical data trend for China Oriental 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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China Oriental Group Co Days Payable Chart

China Oriental Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.64

58.55

52.46

43.75

32.58

China Oriental Group Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															49.18	35.65	34.68	32.99	36.15

Competitive Comparison of China Oriental Group Co's Days Payable

For the Steel subindustry, China Oriental 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.

China Oriental Group Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Oriental Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Oriental Group Co's Days Payable falls into.

China Oriental 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.

China Oriental 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
=	( (4095.734	+	4797.121)	/	2 )	/	49813.368	*	365
=	4446.4275					/	49813.368	*	365
=	32.58

China Oriental Group Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (4797.121	+	4442.092)	/	2 )	/	23323.487	*	365 / 2
=	4619.6065					/	23323.487	*	365 / 2
=	36.15

China Oriental Group Co Days Payable Related Terms

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China Oriental Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Oriental Group Co Ltd (HKSE:00581) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CUGCY:USA ORG:Germany

Address

23 Harbour Road, Suites 901-2 and 10, 9th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

http://www.chinaorientalgroup.com

China Oriental Group Co Ltd is an iron and steel producer. The company is organized into two main operating segments: Iron and Steel and Real Estate. The Iron and Steel segment is comprised of the manufacturing and sale of iron and steel products and trading of steel products and iron ore and under its Real Estate segment it develops and sells properties. China Oriental produces downstream products including H-section steel, Cold rolled sheets, Galvanized sheets, Strips and strip products, Billets, Rebar, and Steel pile sheets. The company generates the majority of its revenue from the Iron and Steel segment. The firm's major customers are based in Northern China.

Executives

Han Jingyuan	2101 Beneficial owner
Wellbeing Holdings Limited	2101 Beneficial owner

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