China Eastern Airlines (SHSE:600115) Days Payable : 45.06 (As of Mar. 2024)

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What is China Eastern Airlines Days Payable?

China Eastern Airlines's average Accounts Payable for the three months ended in Mar. 2024 was ¥15,647 Mil. China Eastern Airlines's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥31,682 Mil. Hence, China Eastern Airlines's Days Payable for the three months ended in Mar. 2024 was 45.06.

The historical rank and industry rank for China Eastern Airlines's Days Payable or its related term are showing as below:

SHSE:600115' s Days Payable Range Over the Past 10 Years
Min: 42.64 Med: 50.64 Max: 66.42
Current: 50.16

During the past 13 years, China Eastern Airlines's highest Days Payable was 66.42. The lowest was 42.64. And the median was 50.64.

SHSE:600115's Days Payable is ranked better than
61.83% of 930 companies
in the Transportation industry
Industry Median: 39.16 vs SHSE:600115: 50.16

China Eastern Airlines's Days Payable declined from Mar. 2023 (54.18) to Mar. 2024 (45.06). It may suggest that China Eastern Airlines accelerated paying its suppliers.

China Eastern Airlines Days Payable Historical Data

The historical data trend for China Eastern Airlines'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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China Eastern Airlines Days Payable Chart

China Eastern Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.64

66.42

56.91

57.43

44.70

China Eastern Airlines 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															54.18	58.10	51.07	48.41	45.06

Competitive Comparison of China Eastern Airlines's Days Payable

For the Airlines subindustry, China Eastern Airlines'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.

China Eastern Airlines's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Eastern Airlines's Days Payable distribution charts can be found below:

* The bar in red indicates where China Eastern Airlines's Days Payable falls into.

China Eastern Airlines 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.

China Eastern Airlines'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
=	( (11451	+	16095)	/	2 )	/	112461	*	365
=	13773					/	112461	*	365
=	44.70

China Eastern Airlines'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
=	( (16095	+	15198)	/	2 )	/	31682	*	365 / 4
=	15646.5					/	31682	*	365 / 4
=	45.06

China Eastern Airlines Days Payable Related Terms

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China Eastern Airlines (SHSE:600115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Eastern Airlines Corp Ltd (SHSE:600115) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CHEAF:USA 00670:Hong Kong CIAH:Germany

Address

36 Hongxiang 3rd Road, 5th Floor, Block A2, CEA Building, Northern District, Minhang District, Shanghai, CHN, 201100

Website

https://www.ceair.com

China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.

China Eastern Airlines (SHSE:600115) Headlines

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