China Chengtong Development Group (FRA:CCO) Days Payable : 203.11 (As of Dec. 2023)

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What is China Chengtong Development Group Days Payable?

China Chengtong Development Group's average Accounts Payable for the six months ended in Dec. 2023 was €27.26 Mil. China Chengtong Development Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €24.49 Mil. Hence, China Chengtong Development Group's Days Payable for the six months ended in Dec. 2023 was 203.11.

The historical rank and industry rank for China Chengtong Development Group's Days Payable or its related term are showing as below:

FRA:CCO' s Days Payable Range Over the Past 10 Years
Min: 4.29 Med: 9.78 Max: 1035.14
Current: 234.48

During the past 13 years, China Chengtong Development Group's highest Days Payable was 1035.14. The lowest was 4.29. And the median was 9.78.

FRA:CCO's Days Payable is ranked better than
95.88% of 583 companies
in the Steel industry
Industry Median: 41.52 vs FRA:CCO: 234.48

China Chengtong Development Group's Days Payable increased from Dec. 2022 (55.70) to Dec. 2023 (203.11). It may suggest that China Chengtong Development Group delayed paying its suppliers.

China Chengtong Development Group Days Payable Historical Data

The historical data trend for China Chengtong Development Group'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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China Chengtong Development Group Days Payable Chart

China Chengtong Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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5.13

8.64

4.03

69.80

264.71

China Chengtong Development Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															6.24	2.66	55.70	243.47	203.11

Competitive Comparison of China Chengtong Development Group's Days Payable

For the Steel subindustry, China Chengtong Development Group'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.

China Chengtong Development Group's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Chengtong Development Group's Days Payable distribution charts can be found below:

* The bar in red indicates where China Chengtong Development Group's Days Payable falls into.

China Chengtong Development Group 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.

China Chengtong Development Group'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
=	( (47.389	+	28.106)	/	2 )	/	52.048	*	365
=	37.7475					/	52.048	*	365
=	264.71

China Chengtong Development Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (26.405	+	28.106)	/	2 )	/	24.49	*	365 / 2
=	27.2555					/	24.49	*	365 / 2
=	203.11

China Chengtong Development Group Days Payable Related Terms

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China Chengtong Development Group (FRA:CCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Chengtong Development Group Ltd (FRA:CCO) » Definitions » Days Payable

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00217:Hong Kong

Address

18 Harbour Road, Suite 6406, 64th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.hk217.com

China Chengtong Development Group is an investment holding company and has its operations divided into five business segments: property development, property investment, finance leasing, bulk commodity trade, and marine recreation services and hotel. The property development segment holds land for property development projects. The property investment segment offers rental services and holds investment properties for appreciation. The finance leasing segment offers finance leasing services, such as arranging sales and leaseback transactions. The bulk commodity trade segment, which generates the vast majority of the company's revenue, includes the trading of coal, steel, and nonferrous metal. The company earns its revenue in the People's Republic of China.