Changzheng Engineering Technology Co (SHSE:603698) Days Payable : 741.51 (As of Mar. 2024)

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What is Changzheng Engineering Technology Co Days Payable?

Changzheng Engineering Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,287 Mil. Changzheng Engineering Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥158 Mil. Hence, Changzheng Engineering Technology Co's Days Payable for the three months ended in Mar. 2024 was 741.51.

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

SHSE:603698' s Days Payable Range Over the Past 10 Years
Min: 94.57 Med: 149.24 Max: 219.4
Current: 219.4

During the past 13 years, Changzheng Engineering Technology Co's highest Days Payable was 219.40. The lowest was 94.57. And the median was 149.24.

SHSE:603698's Days Payable is ranked better than
84.59% of 1603 companies
in the Construction industry
Industry Median: 75.22 vs SHSE:603698: 219.40

Changzheng Engineering Technology Co's Days Payable increased from Mar. 2023 (241.15) to Mar. 2024 (741.51). It may suggest that Changzheng Engineering Technology Co delayed paying its suppliers.

Changzheng Engineering Technology Co Days Payable Historical Data

The historical data trend for Changzheng Engineering Technology 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.

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Changzheng Engineering Technology Co Days Payable Chart

Changzheng Engineering Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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133.36

133.12

144.84

181.82

197.08

Changzheng Engineering Technology 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															241.15	283.89	239.28	109.47	741.51

Competitive Comparison of Changzheng Engineering Technology Co's Days Payable

For the Engineering & Construction subindustry, Changzheng Engineering Technology 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.

Changzheng Engineering Technology Co's Days Payable Distribution in the Construction Industry

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

* The bar in red indicates where Changzheng Engineering Technology Co's Days Payable falls into.

Changzheng Engineering Technology 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.

Changzheng Engineering Technology 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
=	( (1038.165	+	1341.118)	/	2 )	/	2203.216	*	365
=	1189.6415					/	2203.216	*	365
=	197.08

Changzheng Engineering Technology 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
=	( (1341.118	+	1233.737)	/	2 )	/	158.43	*	365 / 4
=	1287.4275					/	158.43	*	365 / 4
=	741.51

Changzheng Engineering Technology Co Days Payable Related Terms

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Changzheng Engineering Technology Co (SHSE:603698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changzheng Engineering Technology Co Ltd (SHSE:603698) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 141, Jinghai 4th Road, Beijing Economic and Technological Development Zone, Ludong District, Beijing, CHN, 101111

Website

http://www.china-acce.com

Changzheng Engineering Co Ltd is the National Technology Engineering Research Center for Pulverized Coal Pressurized Gasification in the industry. The company provides various services such as Simulation training, Driving service, Zero inventory service, Remote service, and others. Its project construction involves Ruixing Project, Xinjiang Manais 40/60 project, Ammonia plant with 300 thousand tons/year of Anhui Haoyuan Chemical Company, and others.

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