China Southern Airlines Co (SHSE:600029) Days Payable : 45.85 (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is China Southern Airlines Co Days Payable?

China Southern Airlines Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥20,713 Mil. China Southern Airlines Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥41,226 Mil. Hence, China Southern Airlines Co's Days Payable for the three months ended in Dec. 2023 was 45.85.

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

SHSE:600029' s Days Payable Range Over the Past 10 Years
Min: 22.86 Med: 42.74 Max: 50.09
Current: 46.06

During the past 13 years, China Southern Airlines Co's highest Days Payable was 50.09. The lowest was 22.86. And the median was 42.74.

SHSE:600029's Days Payable is ranked better than
57.91% of 929 companies
in the Transportation industry
Industry Median: 39.02 vs SHSE:600029: 46.06

China Southern Airlines Co's Days Payable declined from Dec. 2022 (51.58) to Dec. 2023 (45.85). It may suggest that China Southern Airlines Co accelerated paying its suppliers.

China Southern Airlines Co Days Payable Historical Data

The historical data trend for China Southern Airlines 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.

* Premium members only.

China Southern Airlines Co Days Payable Chart

China Southern Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

37.38

50.09

42.78

45.74

42.43

China Southern Airlines Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															51.58	44.38	50.69	47.15	45.85

Competitive Comparison of China Southern Airlines Co's Days Payable

For the Airlines subindustry, China Southern Airlines 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 Southern Airlines Co's Days Payable Distribution in the Transportation Industry

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

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

China Southern Airlines 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 Southern Airlines 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
=	( (14351	+	19958)	/	2 )	/	147582	*	365
=	17154.5					/	147582	*	365
=	42.43

China Southern Airlines Co'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21468	+	19958)	/	2 )	/	41226	*	365 / 4
=	20713					/	41226	*	365 / 4
=	45.85

China Southern Airlines Co Days Payable Related Terms

Thank you for viewing the detailed overview of China Southern Airlines Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

China Southern Airlines Co (SHSE:600029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Southern Airlines Co Ltd (SHSE:600029) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CHKIF:USA 01055:Hong Kong ZNHH:Germany

Address

68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403

Website

https://www.csair.com

China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 894 aircraft as of 2022 and carried more than 150 million passengers in prepandemic 2019, ranking first in Asia. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing. The group's route network extends to over 243 destinations and 44 countries and regions.

China Southern Airlines Co (SHSE:600029) Headlines

No Headlines