Sinosteel Engineering & Technology Co (SZSE:000928) Days Payable : 306.20 (As of Mar. 2024)

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What is Sinosteel Engineering & Technology Co Days Payable?

Sinosteel Engineering & Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥14,704 Mil. Sinosteel Engineering & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,382 Mil. Hence, Sinosteel Engineering & Technology Co's Days Payable for the three months ended in Mar. 2024 was 306.20.

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

SZSE:000928' s Days Payable Range Over the Past 10 Years
Min: 192.58 Med: 236.54 Max: 366.31
Current: 204.83

During the past 13 years, Sinosteel Engineering & Technology Co's highest Days Payable was 366.31. The lowest was 192.58. And the median was 236.54.

SZSE:000928's Days Payable is ranked better than
83.17% of 1604 companies
in the Construction industry
Industry Median: 74.965 vs SZSE:000928: 204.83

Sinosteel Engineering & Technology Co's Days Payable increased from Mar. 2023 (224.22) to Mar. 2024 (306.20). It may suggest that Sinosteel Engineering & Technology Co delayed paying its suppliers.

Sinosteel Engineering & Technology Co Days Payable Historical Data

The historical data trend for Sinosteel 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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Sinosteel Engineering & Technology Co Days Payable Chart

Sinosteel Engineering & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

214.55

225.79

238.45

234.62

201.47

Sinosteel 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															224.22	212.78	200.17	155.49	306.20

Competitive Comparison of Sinosteel Engineering & Technology Co's Days Payable

For the Engineering & Construction subindustry, Sinosteel 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.

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

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

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

Sinosteel 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.

Sinosteel 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
=	( (11553.08	+	15005.54)	/	2 )	/	24058.181	*	365
=	13279.31					/	24058.181	*	365
=	201.47

Sinosteel 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
=	( (15005.54	+	14403.282)	/	2 )	/	4382.069	*	365 / 4
=	14704.411					/	4382.069	*	365 / 4
=	306.20

Sinosteel Engineering & Technology Co Days Payable Related Terms

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Sinosteel Engineering & Technology Co (SZSE:000928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sinosteel Engineering & Technology Co Ltd (SZSE:000928) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 8 Haidian Street, Beijing, CHN, 100080

Website

http://www.mecc.sinosteel.com

Sinosteel Engineering & Technology Co Ltd is a China-based company engaged in focusing on industrial engineering and service, municipal engineering and investment, energy saving and environment protection, as well as high-tech businesses.

Executives

Tang Fa Qi	Executives
Zhou Jian Hong	Executives
Ji Ai Dong	Independent director
Tian Hui	Independent director
Zhang Jian Hua	Executives
Xin Fang	Securities Affairs Representative
Du Jie	Director

Sinosteel Engineering & Technology Co (SZSE:000928) Headlines

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