Chongqing Iron & Steel Co (SHSE:601005) Days Payable : 90.46 (As of Sep. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Chongqing Iron & Steel Co Days Payable?

Chongqing Iron & Steel Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥6,065 Mil. Chongqing Iron & Steel Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥6,118 Mil. Hence, Chongqing Iron & Steel Co's Days Payable for the three months ended in Sep. 2024 was 90.46.

The historical rank and industry rank for Chongqing Iron & Steel Co's Days Payable or its related term are showing as below:

SHSE:601005' s Days Payable Range Over the Past 10 Years
Min: 40.03 Med: 52.08 Max: 746.67
Current: 71.68

During the past 13 years, Chongqing Iron & Steel Co's highest Days Payable was 746.67. The lowest was 40.03. And the median was 52.08.

SHSE:601005's Days Payable is ranked better than
73.8% of 603 companies
in the Steel industry
Industry Median: 40.36 vs SHSE:601005: 71.68

Chongqing Iron & Steel Co's Days Payable increased from Sep. 2023 (55.15) to Sep. 2024 (90.46). It may suggest that Chongqing Iron & Steel Co delayed paying its suppliers.

Chongqing Iron & Steel Co Days Payable Historical Data

The historical data trend for Chongqing Iron & Steel 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.

Chongqing Iron & Steel Co Days Payable Chart

Chongqing Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

40.03

46.26

49.52

47.65

43.57

Chongqing Iron & Steel Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															55.15	56.65	71.73	76.31	90.46

Competitive Comparison of Chongqing Iron & Steel Co's Days Payable

For the Steel subindustry, Chongqing Iron & Steel 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.

Chongqing Iron & Steel Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chongqing Iron & Steel Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Iron & Steel Co's Days Payable falls into.

Chongqing Iron & Steel 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.

Chongqing Iron & Steel 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
=	( (3725.335	+	5825.079)	/	2 )	/	40002.413	*	365
=	4775.207					/	40002.413	*	365
=	43.57

Chongqing Iron & Steel Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (6221.859	+	5907.751)	/	2 )	/	6118.021	*	365 / 4
=	6064.805					/	6118.021	*	365 / 4
=	90.46

Chongqing Iron & Steel Co Days Payable Related Terms

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

Chongqing Iron & Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chongqing Iron & Steel Co Ltd (SHSE:601005) » Definitions » Days Payable

Traded in Other Exchanges

01053:Hong Kong CGP:Germany

Address

No. 2 Jiangnan Avenue, Jiangnan Street, Changshou District, Chongqing, CHN, 401258

Website

http://www.cqgt.cn

Chongqing Iron & Steel Co Ltd is a company that produces, processes, and sells steel plates, steel sections, wire rods, bar materials, billets, and thin plates. they also produce and sell coking and coal chemical products, pig iron & grain slag, steel slag, and steel scrap. The products they make are used in various industries such as machinery, architecture, engineering, automobile, motorbike, shipbuilding, offshore oil, gas cylinder, boiler, as well as oil and gas pipelines. The group's revenue and profit mainly come from steel manufacturing and domestic sales.

Executives

Yao Xiao Hu	Director
Xia Tong	Director
Yu Hong	Director
Lv Feng	senior management
Zhang Shuo Gong	Director
Li Ren Sheng	senior management
Li Yong Xiang	Director
Meng Xiang Yun	Director
Xiao Yu Xin	Supervisors
Wang Bu Lin	senior management
Zhang Li Quan	Director
Ceng Jing	senior management
Tu De Ling	Director
Zhou Ya Ping	Supervisors
Zhao Wei	Supervisors

Chongqing Iron & Steel Co Headlines

No Headlines