CRRC (HKSE:01766) Days Payable : 683.59 (As of Mar. 2024)

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What is CRRC Days Payable?

CRRC's average Accounts Payable for the three months ended in Mar. 2024 was HK$196,639 Mil. CRRC's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$26,249 Mil. Hence, CRRC's Days Payable for the three months ended in Mar. 2024 was 683.59.

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

HKSE:01766' s Days Payable Range Over the Past 10 Years
Min: 143.88 Med: 260.96 Max: 354.8
Current: 354.8

During the past 13 years, CRRC's highest Days Payable was 354.80. The lowest was 143.88. And the median was 260.96.

HKSE:01766's Days Payable is ranked better than
96.89% of 931 companies
in the Transportation industry
Industry Median: 39.31 vs HKSE:01766: 354.80

CRRC's Days Payable increased from Mar. 2023 (565.72) to Mar. 2024 (683.59). It may suggest that CRRC delayed paying its suppliers.

CRRC Days Payable Historical Data

The historical data trend for CRRC'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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CRRC Days Payable Chart

CRRC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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266.92

262.57

274.50

330.00

343.60

CRRC 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															565.72	352.37	377.42	233.60	683.59

Competitive Comparison of CRRC's Days Payable

For the Railroads subindustry, CRRC'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.

CRRC's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where CRRC's Days Payable falls into.

CRRC 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.

CRRC'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
=	( (177165.68	+	197831.852)	/	2 )	/	199178.671	*	365
=	187498.766					/	199178.671	*	365
=	343.60

CRRC'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
=	( (197831.852	+	195445.152)	/	2 )	/	26248.668	*	365 / 4
=	196638.502					/	26248.668	*	365 / 4
=	683.59

CRRC Days Payable Related Terms

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CRRC (HKSE:01766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRRC Corp Ltd (HKSE:01766) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CRCCY:USA C2L:Germany 601766:China

Address

No. 16-5, Central West Fourth Ring Road, Haidian District, Beijing, CHN, 100036

Website

https://www.crrcgc.cc

CRRC Corp Ltd manufactures products which are used for transportation through railroads. Its product portfolio includes rolling stock, rail transit vehicles, engineering machinery, electrical equipment and related parts, and environmental protection products. The company also engages in allied activities like refurbishment, leasing, technical support to clients, investment, and management, as well as import and export business. Its business operations are spread across Mainland China which derives the highest revenue, and a few other countries.

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