Shandong Hi-Speed Co (SHSE:600350) Days Payable : 440.05 (As of Mar. 2024)

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What is Shandong Hi-Speed Co Days Payable?

Shandong Hi-Speed Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥14,063 Mil. Shandong Hi-Speed Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,916 Mil. Hence, Shandong Hi-Speed Co's Days Payable for the three months ended in Mar. 2024 was 440.05.

The historical rank and industry rank for Shandong Hi-Speed Co's Days Payable or its related term are showing as below:

SHSE:600350' s Days Payable Range Over the Past 10 Years
Min: 137.89 Med: 218.95 Max: 308.98
Current: 236.32

During the past 13 years, Shandong Hi-Speed Co's highest Days Payable was 308.98. The lowest was 137.89. And the median was 218.95.

SHSE:600350's Days Payable is ranked better than
85.38% of 1601 companies
in the Construction industry
Industry Median: 74.1 vs SHSE:600350: 236.32

Shandong Hi-Speed Co's Days Payable increased from Mar. 2023 (325.24) to Mar. 2024 (440.05). It may suggest that Shandong Hi-Speed Co delayed paying its suppliers.

Shandong Hi-Speed Co Days Payable Historical Data

The historical data trend for Shandong Hi-Speed 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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Shandong Hi-Speed Co Days Payable Chart

Shandong Hi-Speed Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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233.43

224.19

308.98

293.14

279.68

Shandong Hi-Speed 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															325.24	331.00	238.80	133.12	440.05

Competitive Comparison of Shandong Hi-Speed Co's Days Payable

For the Infrastructure Operations subindustry, Shandong Hi-Speed 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.

Shandong Hi-Speed Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shandong Hi-Speed Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Hi-Speed Co's Days Payable falls into.

Shandong Hi-Speed 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.

Shandong Hi-Speed 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
=	( (13557.61	+	14763.427)	/	2 )	/	18480.064	*	365
=	14160.5185					/	18480.064	*	365
=	279.68

Shandong Hi-Speed 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
=	( (14763.427	+	13362.144)	/	2 )	/	2916.093	*	365 / 4
=	14062.7855					/	2916.093	*	365 / 4
=	440.05

Shandong Hi-Speed Co Days Payable Related Terms

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Shandong Hi-Speed Co (SHSE:600350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shandong Hi-Speed Co Ltd (SHSE:600350) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 5006, Aoti Middle Road, Shandong, Jinan, CHN, 250101

Website

http://www.sdecl.com.cn

Shandong Hi-Speed Co Ltd is a China-based company mainly engaged in the investment and operation of transportation infrastructure. It is also engaged in activities of equity investment in the upstream and downstream industries, finance, and environmental protection of the highway industry chain. It operates and maintains toll roads, bridges, tunnels, and other infrastructure facilities. The company earns majority revenue in the form of Toll, railway transportation, sales of goods, project construction, and other businesses.

Shandong Hi-Speed Co (SHSE:600350) Headlines

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