Xinhu Zhongbao Co (SHSE:600208) Days Payable : 257.84 (As of Mar. 2024)

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What is Xinhu Zhongbao Co Days Payable?

Xinhu Zhongbao Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,704 Mil. Xinhu Zhongbao Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,311 Mil. Hence, Xinhu Zhongbao Co's Days Payable for the three months ended in Mar. 2024 was 257.84.

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

SHSE:600208' s Days Payable Range Over the Past 10 Years
Min: 54.05 Med: 101.53 Max: 148.69
Current: 105.2

During the past 13 years, Xinhu Zhongbao Co's highest Days Payable was 148.69. The lowest was 54.05. And the median was 101.53.

SHSE:600208's Days Payable is ranked better than
52.51% of 1575 companies
in the Real Estate industry
Industry Median: 96.91 vs SHSE:600208: 105.20

Xinhu Zhongbao Co's Days Payable declined from Mar. 2023 (1,253.17) to Mar. 2024 (257.84). It may suggest that Xinhu Zhongbao Co accelerated paying its suppliers.

Xinhu Zhongbao Co Days Payable Historical Data

The historical data trend for Xinhu Zhongbao 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.

Xinhu Zhongbao Co Days Payable Chart

Xinhu Zhongbao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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109.92

145.88

115.42

148.69

126.86

Xinhu Zhongbao 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															1,253.17	135.08	542.62	40.97	257.84

Competitive Comparison of Xinhu Zhongbao Co's Days Payable

For the Real Estate - Development subindustry, Xinhu Zhongbao 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.

Xinhu Zhongbao Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Xinhu Zhongbao Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xinhu Zhongbao Co's Days Payable falls into.

Xinhu Zhongbao 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.

Xinhu Zhongbao 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
=	( (3512.542	+	3865.747)	/	2 )	/	10614.015	*	365
=	3689.1445					/	10614.015	*	365
=	126.86

Xinhu Zhongbao 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
=	( (3865.747	+	3542.114)	/	2 )	/	1310.808	*	365 / 4
=	3703.9305					/	1310.808	*	365 / 4
=	257.84

Xinhu Zhongbao Co Days Payable Related Terms

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Xinhu Zhongbao Co (SHSE:600208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Xinhu Zhongbao Co Ltd (SHSE:600208) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Hexing Road, Zhongshan Road, Zhejiang Province, Jiaxing, CHN, 310007

Website

http://www.600208.net

Xinhu Zhongbao Co Ltd is a China based company engaged in the development and sale of real estate. In addition, the company is also engaged in other financial operations and investments.

Xinhu Zhongbao Co (SHSE:600208) Headlines

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