Chengdu Road and Bridge Engineering Co (SZSE:002628) Days Payable : 843.48 (As of Mar. 2024)

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What is Chengdu Road and Bridge Engineering Co Days Payable?

Chengdu Road and Bridge Engineering Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,386 Mil. Chengdu Road and Bridge Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥150 Mil. Hence, Chengdu Road and Bridge Engineering Co's Days Payable for the three months ended in Mar. 2024 was 843.48.

The historical rank and industry rank for Chengdu Road and Bridge Engineering Co's Days Payable or its related term are showing as below:

SZSE:002628' s Days Payable Range Over the Past 10 Years
Min: 235.43 Med: 345.05 Max: 523.27
Current: 490.41

During the past 13 years, Chengdu Road and Bridge Engineering Co's highest Days Payable was 523.27. The lowest was 235.43. And the median was 345.05.

SZSE:002628's Days Payable is ranked better than
93.9% of 1606 companies
in the Construction industry
Industry Median: 76.53 vs SZSE:002628: 490.41

Chengdu Road and Bridge Engineering Co's Days Payable increased from Mar. 2023 (747.74) to Mar. 2024 (843.48). It may suggest that Chengdu Road and Bridge Engineering Co delayed paying its suppliers.

Chengdu Road and Bridge Engineering Co Days Payable Historical Data

The historical data trend for Chengdu Road and Bridge Engineering 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.

Chengdu Road and Bridge Engineering Co Days Payable Chart

Chengdu Road and Bridge Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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244.03

306.61

381.06

498.28

523.27

Chengdu Road and Bridge Engineering 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															747.74	391.93	462.83	479.11	843.48

Competitive Comparison of Chengdu Road and Bridge Engineering Co's Days Payable

For the Engineering & Construction subindustry, Chengdu Road and Bridge Engineering 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.

Chengdu Road and Bridge Engineering Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chengdu Road and Bridge Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chengdu Road and Bridge Engineering Co's Days Payable falls into.

Chengdu Road and Bridge Engineering 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.

Chengdu Road and Bridge Engineering 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
=	( (1628.497	+	1520.958)	/	2 )	/	1098.439	*	365
=	1574.7275					/	1098.439	*	365
=	523.27

Chengdu Road and Bridge Engineering 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
=	( (1520.958	+	1251.489)	/	2 )	/	149.965	*	365 / 4
=	1386.2235					/	149.965	*	365 / 4
=	843.48

Chengdu Road and Bridge Engineering Co Days Payable Related Terms

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Chengdu Road and Bridge Engineering Co (SZSE:002628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chengdu Road and Bridge Engineering Co Ltd (SZSE:002628) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 11, Wuke East 4th Road, Wuhou District, Sichuan, Chengdu, CHN, 610045

Website

http://www.cdlq.com

Chengdu Road and Bridge Engineering Co Ltd are engaged in the construction of roads, tunnels, and bridges in China.

Executives

Sun Xu Jun	Director
Feng Hui	Executives
Xiang Rong	Director
Zhou Wen Fei	Supervisors
Zhang Ping	Supervisors
Xu Ji Wei	Executives
Guo Hao	Director
Wang Ji Wei	Directors, executives
Wang Jian Yong	Director
Feng Mei	Executives
Li Jian	Director

Chengdu Road and Bridge Engineering Co (SZSE:002628) Headlines

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