Beijing Shougang Co (SZSE:000959) Days Payable : 78.73 (As of Mar. 2024)

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What is Beijing Shougang Co Days Payable?

Beijing Shougang Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥24,721 Mil. Beijing Shougang Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥28,653 Mil. Hence, Beijing Shougang Co's Days Payable for the three months ended in Mar. 2024 was 78.73.

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

SZSE:000959' s Days Payable Range Over the Past 10 Years
Min: 85.11 Med: 165.42 Max: 207.23
Current: 85.11

During the past 13 years, Beijing Shougang Co's highest Days Payable was 207.23. The lowest was 85.11. And the median was 165.42.

SZSE:000959's Days Payable is ranked better than
80.17% of 585 companies
in the Steel industry
Industry Median: 41.52 vs SZSE:000959: 85.11

Beijing Shougang Co's Days Payable declined from Mar. 2023 (88.54) to Mar. 2024 (78.73). It may suggest that Beijing Shougang Co accelerated paying its suppliers.

Beijing Shougang Co Days Payable Historical Data

The historical data trend for Beijing Shougang 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.

Beijing Shougang Co Days Payable Chart

Beijing Shougang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

177.21

160.74

94.88

89.98

86.23

Beijing Shougang 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															88.54	89.00	92.02	80.97	78.73

Competitive Comparison of Beijing Shougang Co's Days Payable

For the Steel subindustry, Beijing Shougang 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.

Beijing Shougang Co's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Beijing Shougang Co's Days Payable falls into.

Beijing Shougang 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.

Beijing Shougang 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
=	( (27072.104	+	24167.793)	/	2 )	/	108450.94	*	365
=	25619.9485					/	108450.94	*	365
=	86.23

Beijing Shougang 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
=	( (24167.793	+	25273.888)	/	2 )	/	28652.62	*	365 / 4
=	24720.8405					/	28652.62	*	365 / 4
=	78.73

Beijing Shougang Co Days Payable Related Terms

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Beijing Shougang Co (SZSE:000959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Beijing Shougang Co Ltd (SZSE:000959) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 99 Shijingshan Road, Shijingshan District, Beijing, CHN, 100041

Website

http://www.sggf.com.cn

Beijing Shougang Co Ltd is a steelmaker in China. The company produces a wide range of steel products. It has a complete production process such as cooking, ironmaking, steelmaking, steel rolling and heat treatment. The products of the company are electrical steel, automotive panels, tinplates, pipeline steel, home appliances, and other high-end sheet products. Its only operating segment being Iron and steel.

Executives

Guo Li Yan	Supervisors
Chen Yi	Secretary Dong
Wang Jian Wei	Executives
Liu Cheng	Executives
Wang Yi	Director
Wu Zheng	Executives

Beijing Shougang Co (SZSE:000959) Headlines

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