Changbai Mountain Tourism Co (SHSE:603099) Days Payable : 33.53 (As of Mar. 2024)

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What is Changbai Mountain Tourism Co Days Payable?

Changbai Mountain Tourism Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥33.7 Mil. Changbai Mountain Tourism Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥91.8 Mil. Hence, Changbai Mountain Tourism Co's Days Payable for the three months ended in Mar. 2024 was 33.53.

The historical rank and industry rank for Changbai Mountain Tourism Co's Days Payable or its related term are showing as below:

SHSE:603099' s Days Payable Range Over the Past 10 Years
Min: 5.21 Med: 47.56 Max: 162.17
Current: 32.92

During the past 13 years, Changbai Mountain Tourism Co's highest Days Payable was 162.17. The lowest was 5.21. And the median was 47.56.

SHSE:603099's Days Payable is ranked worse than
70.24% of 756 companies
in the Travel & Leisure industry
Industry Median: 57.71 vs SHSE:603099: 32.92

Changbai Mountain Tourism Co's Days Payable declined from Mar. 2023 (35.56) to Mar. 2024 (33.53). It may suggest that Changbai Mountain Tourism Co accelerated paying its suppliers.

Changbai Mountain Tourism Co Days Payable Historical Data

The historical data trend for Changbai Mountain Tourism 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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Changbai Mountain Tourism Co Days Payable Chart

Changbai Mountain Tourism Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.76

64.66

24.05

24.82

30.45

Changbai Mountain Tourism Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															35.56	41.83	29.97	36.23	33.53

Competitive Comparison of Changbai Mountain Tourism Co's Days Payable

For the Travel Services subindustry, Changbai Mountain Tourism 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.

Changbai Mountain Tourism Co's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Changbai Mountain Tourism Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changbai Mountain Tourism Co's Days Payable falls into.

Changbai Mountain Tourism 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.

Changbai Mountain Tourism 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
=	( (20.51	+	38.513)	/	2 )	/	353.798	*	365
=	29.5115					/	353.798	*	365
=	30.45

Changbai Mountain Tourism Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (38.513	+	28.949)	/	2 )	/	91.804	*	365 / 4
=	33.731					/	91.804	*	365 / 4
=	33.53

Changbai Mountain Tourism Co Days Payable Related Terms

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Changbai Mountain Tourism Co (SHSE:603099) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Changbai Mountain Tourism Co Ltd (SHSE:603099) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Heping Street, Bailin Western District, Chibei District, Yanbian, CHN, 133613

Website

http://www.cbmt.com.cn

Changbai Mountain Tourism Co Ltd is a travel agency company. It is mainly engaged in tourism passenger transport, hotel management, travel agencies and hot spring water development and utilization businesses.

Executives

Hou Zhang Sen

Director

Changbai Mountain Tourism Co (SHSE:603099) Headlines

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