Xiamen Itg Group (SHSE:600755) Days Payable : 28.32 (As of Mar. 2024)

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What is Xiamen Itg Group Days Payable?

Xiamen Itg Group's average Accounts Payable for the three months ended in Mar. 2024 was ¥29,562 Mil. Xiamen Itg Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥95,243 Mil. Hence, Xiamen Itg Group's Days Payable for the three months ended in Mar. 2024 was 28.32.

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

SHSE:600755' s Days Payable Range Over the Past 10 Years
Min: 14.74 Med: 22.02 Max: 33.69
Current: 25.11

During the past 13 years, Xiamen Itg Group's highest Days Payable was 33.69. The lowest was 14.74. And the median was 22.02.

SHSE:600755's Days Payable is ranked worse than
92.31% of 143 companies
in the Industrial Distribution industry
Industry Median: 53.56 vs SHSE:600755: 25.11

Xiamen Itg Group's Days Payable increased from Mar. 2023 (19.72) to Mar. 2024 (28.32). It may suggest that Xiamen Itg Group delayed paying its suppliers.

Xiamen Itg Group Days Payable Historical Data

The historical data trend for Xiamen Itg 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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Xiamen Itg Group Days Payable Chart

Xiamen Itg Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

25.30

17.26

14.74

15.96

22.20

Xiamen Itg Group 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															19.72	18.13	22.69	43.73	28.32

Competitive Comparison of Xiamen Itg Group's Days Payable

For the Industrial Distribution subindustry, Xiamen Itg 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.

Xiamen Itg Group's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Xiamen Itg Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Xiamen Itg Group's Days Payable falls into.

Xiamen Itg 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.

Xiamen Itg 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
=	( (25117.626	+	31058.773)	/	2 )	/	461834.643	*	365
=	28088.1995					/	461834.643	*	365
=	22.20

Xiamen Itg Group'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
=	( (31058.773	+	28064.791)	/	2 )	/	95242.996	*	365 / 4
=	29561.782					/	95242.996	*	365 / 4
=	28.32

Xiamen Itg Group Days Payable Related Terms

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Xiamen Itg Group (SHSE:600755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Xiamen Itg Group Corp Ltd (SHSE:600755) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hubin South Road, 8-18th International Trade Building, Fujian, Xiamen, CHN, 361004

Website

http://www.itg.com.cn

Xiamen Itg Group Corp Ltd is engaged in trading a variety of commodities like iron ores, other minerals, coal, steel, paper, textile, chemical products, farm produce, ships, tire, wood, and many others. It is also engaged in the real estate sector.

Xiamen Itg Group (SHSE:600755) Headlines

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