China Shipbuilding Industry (SHSE:601989) Days Payable : 311.12 (As of Mar. 2024)

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What is China Shipbuilding Industry Days Payable?

China Shipbuilding Industry's average Accounts Payable for the three months ended in Mar. 2024 was ¥30,127 Mil. China Shipbuilding Industry's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥8,836 Mil. Hence, China Shipbuilding Industry's Days Payable for the three months ended in Mar. 2024 was 311.12.

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

SHSE:601989' s Days Payable Range Over the Past 10 Years
Min: 244.05 Med: 301.01 Max: 424.43
Current: 244.05

During the past 13 years, China Shipbuilding Industry's highest Days Payable was 424.43. The lowest was 244.05. And the median was 301.01.

SHSE:601989's Days Payable is ranked better than
85.52% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.56 vs SHSE:601989: 244.05

China Shipbuilding Industry's Days Payable declined from Mar. 2023 (479.67) to Mar. 2024 (311.12). It may suggest that China Shipbuilding Industry accelerated paying its suppliers.

China Shipbuilding Industry Days Payable Historical Data

The historical data trend for China Shipbuilding Industry'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 Shipbuilding Industry Days Payable Chart

China Shipbuilding Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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392.91

402.23

320.57

275.82

267.24

China Shipbuilding Industry 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															479.67	288.89	222.65	196.94	311.12

Competitive Comparison of China Shipbuilding Industry's Days Payable

For the Aerospace & Defense subindustry, China Shipbuilding Industry'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 Shipbuilding Industry's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, China Shipbuilding Industry's Days Payable distribution charts can be found below:

* The bar in red indicates where China Shipbuilding Industry's Days Payable falls into.

China Shipbuilding Industry 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 Shipbuilding Industry'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
=	( (30723.63	+	30948.695)	/	2 )	/	42116.693	*	365
=	30836.1625					/	42116.693	*	365
=	267.24

China Shipbuilding Industry'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
=	( (30948.695	+	29305.369)	/	2 )	/	8836.039	*	365 / 4
=	30127.032					/	8836.039	*	365 / 4
=	311.12

China Shipbuilding Industry Days Payable Related Terms

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China Shipbuilding Industry (SHSE:601989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China Shipbuilding Industry Corp (SHSE:601989) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 72, Hunan Road, Kunming, Haidian District, Beijing, CHN, 100097

Website

http://www.csicl.com.cn

China Shipbuilding Industry Corp is engaged in the designing, manufacturing and repairing of ships. The company also manufactures marine defense and marine development equipment, marine transportation equipment, deep-sea equipment and ship repair and modification, ship supporting and electromechanical equipment, military-civilian integration strategy emerging industries. The main developer and supplier of domestic naval equipment is responsible for the manufacturing of naval main battle equipment and core ancillary equipment such as aircraft carriers, surface ships, conventional submarines, and underwater weapons.

China Shipbuilding Industry (SHSE:601989) Headlines

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