Zhejiang Construction Investment Group Co (SZSE:002761) Days Payable : 324.51 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Zhejiang Construction Investment Group Co Days Payable?

Zhejiang Construction Investment Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥64,984 Mil. Zhejiang Construction Investment Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥18,273 Mil. Hence, Zhejiang Construction Investment Group Co's Days Payable for the three months ended in Mar. 2024 was 324.51.

The historical rank and industry rank for Zhejiang Construction Investment Group Co's Days Payable or its related term are showing as below:

SZSE:002761' s Days Payable Range Over the Past 10 Years
Min: 87.05 Med: 158.94 Max: 269.3
Current: 265.34

During the past 13 years, Zhejiang Construction Investment Group Co's highest Days Payable was 269.30. The lowest was 87.05. And the median was 158.94.

SZSE:002761's Days Payable is ranked better than
87.59% of 1604 companies
in the Construction industry
Industry Median: 74.965 vs SZSE:002761: 265.34

Zhejiang Construction Investment Group Co's Days Payable increased from Mar. 2023 (259.06) to Mar. 2024 (324.51). It may suggest that Zhejiang Construction Investment Group Co delayed paying its suppliers.

Zhejiang Construction Investment Group Co Days Payable Historical Data

The historical data trend for Zhejiang Construction Investment Group 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.

Zhejiang Construction Investment Group Co Days Payable Chart

Zhejiang Construction Investment Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

163.97

173.76

180.60

222.68

269.30

Zhejiang Construction Investment Group 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															259.06	220.64	249.02	298.51	324.51

Competitive Comparison of Zhejiang Construction Investment Group Co's Days Payable

For the Engineering & Construction subindustry, Zhejiang Construction Investment Group 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.

Zhejiang Construction Investment Group Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Construction Investment Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Construction Investment Group Co's Days Payable falls into.

Zhejiang Construction Investment Group 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.

Zhejiang Construction Investment Group 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
=	( (61559.167	+	68698.884)	/	2 )	/	88273.022	*	365
=	65129.0255					/	88273.022	*	365
=	269.30

Zhejiang Construction Investment Group 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
=	( (68698.884	+	61268.585)	/	2 )	/	18273.083	*	365 / 4
=	64983.7345					/	18273.083	*	365 / 4
=	324.51

Zhejiang Construction Investment Group Co Days Payable Related Terms

Thank you for viewing the detailed overview of Zhejiang Construction Investment Group Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Construction Investment Group Co (SZSE:002761) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Construction Investment Group Co Ltd (SZSE:002761) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 52 Wensan West Road, Zhejiang Construction Investment Building, Zhejiang Province, Hangzhou, CHN, 310013

Website

http://www.cnzgc.com

Zhejiang Construction Investment Group Co Ltd is engaged in the building construction business and industrial manufacturing, engineering services, infrastructure investment and operation supporting the main construction industry chain.

Zhejiang Construction Investment Group Co (SZSE:002761) Headlines

No Headlines