Qingdao Victall Railway Co (SHSE:605001) Days Payable : 165.83 (As of Mar. 2024)

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What is Qingdao Victall Railway Co Days Payable?

Qingdao Victall Railway Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥430 Mil. Qingdao Victall Railway Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥236 Mil. Hence, Qingdao Victall Railway Co's Days Payable for the three months ended in Mar. 2024 was 165.83.

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

SHSE:605001' s Days Payable Range Over the Past 10 Years
Min: 199.46 Med: 282.71 Max: 370.26
Current: 199.46

During the past 8 years, Qingdao Victall Railway Co's highest Days Payable was 370.26. The lowest was 199.46. And the median was 282.71.

SHSE:605001's Days Payable is ranked better than
93.03% of 933 companies
in the Transportation industry
Industry Median: 38.5 vs SHSE:605001: 199.46

Qingdao Victall Railway Co's Days Payable declined from Mar. 2023 (386.88) to Mar. 2024 (165.83). It may suggest that Qingdao Victall Railway Co accelerated paying its suppliers.

Qingdao Victall Railway Co Days Payable Historical Data

The historical data trend for Qingdao Victall Railway 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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Qingdao Victall Railway Co Days Payable Chart

Qingdao Victall Railway Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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228.89

256.17

352.40

254.81

216.86

Qingdao Victall Railway 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															386.88	209.38	364.61	163.03	165.83

Competitive Comparison of Qingdao Victall Railway Co's Days Payable

For the Railroads subindustry, Qingdao Victall Railway 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.

Qingdao Victall Railway Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Qingdao Victall Railway Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingdao Victall Railway Co's Days Payable falls into.

Qingdao Victall Railway 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.

Qingdao Victall Railway 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
=	( (460.234	+	477.871)	/	2 )	/	789.452	*	365
=	469.0525					/	789.452	*	365
=	216.86

Qingdao Victall Railway 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
=	( (477.871	+	381.474)	/	2 )	/	236.434	*	365 / 4
=	429.6725					/	236.434	*	365 / 4
=	165.83

Qingdao Victall Railway Co Days Payable Related Terms

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Qingdao Victall Railway Co (SHSE:605001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qingdao Victall Railway Co Ltd (SHSE:605001) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Xinghai Branch Road, Chengyang District, Shandong Province, Qingdao, CHN, 266108

Website

http://www.victall.com

Qingdao Victall Railway Co Ltd is engaged in the research, development, production, sales and service of supporting products for rail transit vehicles. The main products include interior products, toilet systems, metal structural parts, modular products, and exterior structural parts.

Executives

Li Shi Kun

Director

Qingdao Victall Railway Co (SHSE:605001) Headlines

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