China Tower (HKSE:00788) Days Payable : 1,688.64 (As of Jun. 2024)

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What is China Tower Days Payable?

China Tower's average Accounts Payable for the six months ended in Jun. 2024 was HK$30,630 Mil. China Tower's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$3,310 Mil. Hence, China Tower's Days Payable for the six months ended in Jun. 2024 was 1,688.64.

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

HKSE:00788' s Days Payable Range Over the Past 10 Years
Min: 955.82 Med: 1877.82 Max: 17290.72
Current: 1787.47

During the past 9 years, China Tower's highest Days Payable was 17290.72. The lowest was 955.82. And the median was 1877.82.

HKSE:00788's Days Payable is ranked better than
97.4% of 346 companies
in the Telecommunication Services industry
Industry Median: 107.52 vs HKSE:00788: 1787.47

China Tower's Days Payable declined from Jun. 2023 (1,752.97) to Jun. 2024 (1,688.64). It may suggest that China Tower accelerated paying its suppliers.

China Tower Days Payable Historical Data

The historical data trend for China Tower'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 Tower Days Payable Chart

China Tower Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17,290.72

2,326.15

1,970.37

1,693.44

1,877.82

China Tower Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial												1,755.90	1,481.57	1,752.97	1,929.55	1,688.64

Competitive Comparison of China Tower's Days Payable

For the Telecom Services subindustry, China Tower'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 Tower's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Tower's Days Payable distribution charts can be found below:

* The bar in red indicates where China Tower's Days Payable falls into.

China Tower 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 Tower'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
=	( (29755.98	+	30938.63)	/	2 )	/	5898.749	*	365
=	30347.305					/	5898.749	*	365
=	1,877.82

China Tower'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
=	( (30938.63	+	30321.924)	/	2 )	/	3310.371	*	365 / 2
=	30630.277					/	3310.371	*	365 / 2
=	1,688.64

China Tower Days Payable Related Terms

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China Tower Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Tower Corp Ltd (HKSE:00788) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CHWRF:USA 2Y1:Germany

Address

Yard No. 9, Dongran North Street, Room 101, LG1 to 3rd Floor, Building 14, China Tower Industrial Park, Haidian District, Beijing, CHN

Website

https://www.china-tower.com

China Tower Corp Ltd is a telecommunications tower infrastructure service provider. The Company is principally engaged in the construction, maintenance, and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). The business of the company includes Tower business; DAS business; Smart Tower business and Energy business. It generates maximum revenue from the Tower business.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Gic Private Limited	2102 Investment manager

China Tower Headlines

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