Xiandai Investment Co (SZSE:000900) Days Payable : 38.18 (As of Mar. 2024)

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What is Xiandai Investment Co Days Payable?

Xiandai Investment Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥369 Mil. Xiandai Investment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥883 Mil. Hence, Xiandai Investment Co's Days Payable for the three months ended in Mar. 2024 was 38.18.

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

SZSE:000900' s Days Payable Range Over the Past 10 Years
Min: 12.48 Med: 20.6 Max: 76.87
Current: 25.03

During the past 13 years, Xiandai Investment Co's highest Days Payable was 76.87. The lowest was 12.48. And the median was 20.60.

SZSE:000900's Days Payable is ranked worse than
91.77% of 1603 companies
in the Construction industry
Industry Median: 75.22 vs SZSE:000900: 25.03

Xiandai Investment Co's Days Payable increased from Mar. 2023 (29.64) to Mar. 2024 (38.18). It may suggest that Xiandai Investment Co delayed paying its suppliers.

Xiandai Investment Co Days Payable Historical Data

The historical data trend for Xiandai Investment 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.

Xiandai Investment Co Days Payable Chart

Xiandai Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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76.87

63.25

21.57

19.62

29.49

Xiandai Investment 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															29.64	21.66	20.65	24.11	38.18

Competitive Comparison of Xiandai Investment Co's Days Payable

For the Infrastructure Operations subindustry, Xiandai Investment 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.

Xiandai Investment Co's Days Payable Distribution in the Construction Industry

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

* The bar in red indicates where Xiandai Investment Co's Days Payable falls into.

Xiandai Investment 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.

Xiandai Investment 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
=	( (560.561	+	422.199)	/	2 )	/	6081.907	*	365
=	491.38					/	6081.907	*	365
=	29.49

Xiandai Investment 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
=	( (422.199	+	316.705)	/	2 )	/	882.966	*	365 / 4
=	369.452					/	882.966	*	365 / 4
=	38.18

Xiandai Investment Co Days Payable Related Terms

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Xiandai Investment Co (SZSE:000900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xiandai Investment Co Ltd (SZSE:000900) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Furong South Road, Modern Plaza, No. 128, Section 2, Tianxin District, Hunan, Changsha, CHN, 410004

Website

http://www.xdtz.net

Xiandai Investment Co Ltd constructs operates and manages highway in China. The company is also involved in futures trading, finance investment and real estate activities.

Executives

Chen Min	Supervisors
Du Ming Hui	Executives
Yuan Yu	Director
Yan Ru Yi	Executives
Bao Qun	Director
Zhang Ning	Executives
Liu Zhong	Supervisors
Ma Yu Guo	Secretary Dong
Jin Yong	Director
Xiao He Sheng	Supervisors
Liu Gui Liang	Director
Song Wei Jie	Director
Liu Yu Xin	Executives
Tian Ying Ming	Supervisors
Liu Chu Ping	Directors, executives

Xiandai Investment Co (SZSE:000900) Headlines

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