Huitong Construction Group Co (SHSE:603176) Days Payable : 468.20 (As of Mar. 2024)

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What is Huitong Construction Group Co Days Payable?

Huitong Construction Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,452 Mil. Huitong Construction Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥283 Mil. Hence, Huitong Construction Group Co's Days Payable for the three months ended in Mar. 2024 was 468.20.

The historical rank and industry rank for Huitong Construction Group Co's Days Payable or its related term are showing as below:

SHSE:603176' s Days Payable Range Over the Past 10 Years
Min: 195.28 Med: 239 Max: 263.42
Current: 248.12

During the past 7 years, Huitong Construction Group Co's highest Days Payable was 263.42. The lowest was 195.28. And the median was 239.00.

SHSE:603176's Days Payable is ranked better than
86.72% of 1604 companies
in the Construction industry
Industry Median: 74.965 vs SHSE:603176: 248.12

Huitong Construction Group Co's Days Payable increased from Mar. 2023 (365.28) to Mar. 2024 (468.20). It may suggest that Huitong Construction Group Co delayed paying its suppliers.

Huitong Construction Group Co Days Payable Historical Data

The historical data trend for Huitong Construction Group 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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Huitong Construction Group Co Days Payable Chart

Huitong Construction Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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195.28

242.57

243.61

239.00

263.42

Huitong Construction Group Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													365.28	184.21	287.84	223.75	468.20

Competitive Comparison of Huitong Construction Group Co's Days Payable

For the Engineering & Construction subindustry, Huitong Construction Group 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.

Huitong Construction Group Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Huitong Construction Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Huitong Construction Group Co's Days Payable falls into.

Huitong Construction Group 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.

Huitong Construction Group 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
=	( (1654.614	+	1682.6)	/	2 )	/	2312.024	*	365
=	1668.607					/	2312.024	*	365
=	263.42

Huitong Construction Group 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
=	( (1682.6	+	1222.108)	/	2 )	/	283.057	*	365 / 4
=	1452.354					/	283.057	*	365 / 4
=	468.20

Huitong Construction Group Co Days Payable Related Terms

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Huitong Construction Group Co (SHSE:603176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Huitong Construction Group Co Ltd (SHSE:603176) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

69 Century East Road, Gaobeidian City, Hebei Province, Baoding, CHN, 074099

Website

https://www.htlq.com.cn

Huitong Construction Group Co Ltd is engaged in the construction of roadbed, pavement, bridges and culverts, and tunnels.

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