China Chaintek United Co (LSE:CTEK) Days Payable : 52.34 (As of Jun. 2015)

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What is China Chaintek United Co Days Payable?

China Chaintek United Co's average Accounts Payable for the six months ended in Jun. 2015 was £0.91 Mil. China Chaintek United Co's Cost of Goods Sold for the six months ended in Jun. 2015 was £3.16 Mil. Hence, China Chaintek United Co's Days Payable for the six months ended in Jun. 2015 was 52.34.

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

LSE:CTEK' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 53.92
Current: 53.92

During the past 6 years, China Chaintek United Co's highest Days Payable was 53.92. The lowest was 0.00. And the median was 0.00.

LSE:CTEK's Days Payable is not ranked
in the Transportation industry.
Industry Median: 38.97 vs LSE:CTEK: 53.92

China Chaintek United Co's Days Payable declined from Jun. 2014 (76.15) to Jun. 2015 (52.34). It may suggest that China Chaintek United Co accelerated paying its suppliers.

China Chaintek United Co Days Payable Historical Data

The historical data trend for China Chaintek United 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 Chaintek United Co Days Payable Chart

China Chaintek United Co Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Days Payable

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41.44

22.10

23.33

China Chaintek United Co Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Days Payable	Get a 7-Day Free Trial			63.60	53.11	76.15	56.05	52.34

Competitive Comparison of China Chaintek United Co's Days Payable

For the Integrated Freight & Logistics subindustry, China Chaintek United 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 Chaintek United Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Chaintek United Co's Days Payable distribution charts can be found below:

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

China Chaintek United 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 Chaintek United Co's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

	Days Payable (A: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2013 )	+	Accounts Payable (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	5.355	*	365
=	0					/	5.355	*	365
=	0.00

China Chaintek United Co's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

	Days Payable (Q: Jun. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2014 )	+	Accounts Payable (Q: Jun. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
=	( (0	+	0.906)	/	1 )	/	3.159	*	365 / 2
=	0.906					/	3.159	*	365 / 2
=	52.34

China Chaintek United Co Days Payable Related Terms

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China Chaintek United Co (LSE:CTEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Chaintek United Co Ltd (LSE:CTEK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.chaintek-united.com

China Chaintek United Co Ltd was incorporated on April 13, 2011. The Company and its subsidiaries is a logistics distribution providers for sports shoe and apparel manufacturers in the People's Republic of China.Â The Company's business segments areÂ Logistics services, Inventory solutions andÂ Corporate. The Logistics services includes theÂ provision of land transportation services, Inventory solutions includes the provision of warehousing services andÂ Corporate includes investment holdings and Corporate Office which incurs general corporate expenses.