CRCC High-Tech Equipment (HKSE:01786) Days Payable : 327.15 (As of Dec. 2023)

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What is CRCC High-Tech Equipment Days Payable?

CRCC High-Tech Equipment's average Accounts Payable for the six months ended in Dec. 2023 was HK$2,872 Mil. CRCC High-Tech Equipment's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,602 Mil. Hence, CRCC High-Tech Equipment's Days Payable for the six months ended in Dec. 2023 was 327.15.

The historical rank and industry rank for CRCC High-Tech Equipment's Days Payable or its related term are showing as below:

HKSE:01786' s Days Payable Range Over the Past 10 Years
Min: 132.71 Med: 309.76 Max: 450.89
Current: 314.25

During the past 10 years, CRCC High-Tech Equipment's highest Days Payable was 450.89. The lowest was 132.71. And the median was 309.76.

HKSE:01786's Days Payable is ranked better than
96.15% of 935 companies
in the Transportation industry
Industry Median: 39.02 vs HKSE:01786: 314.25

CRCC High-Tech Equipment's Days Payable increased from Dec. 2022 (193.74) to Dec. 2023 (327.15). It may suggest that CRCC High-Tech Equipment delayed paying its suppliers.

CRCC High-Tech Equipment Days Payable Historical Data

The historical data trend for CRCC High-Tech Equipment'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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CRCC High-Tech Equipment Days Payable Chart

CRCC High-Tech Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

405.78

450.89

328.91

312.54

306.97

CRCC High-Tech Equipment Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial														251.58	271.83	193.74	307.97	327.15

Competitive Comparison of CRCC High-Tech Equipment's Days Payable

For the Railroads subindustry, CRCC High-Tech Equipment'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.

CRCC High-Tech Equipment's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CRCC High-Tech Equipment's Days Payable distribution charts can be found below:

* The bar in red indicates where CRCC High-Tech Equipment's Days Payable falls into.

CRCC High-Tech Equipment 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.

CRCC High-Tech Equipment'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
=	( (2262.673	+	2950.932)	/	2 )	/	3099.607	*	365
=	2606.8025					/	3099.607	*	365
=	306.97

CRCC High-Tech Equipment's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2792.223	+	2950.932)	/	2 )	/	1601.882	*	365 / 2
=	2871.5775					/	1601.882	*	365 / 2
=	327.15

CRCC High-Tech Equipment Days Payable Related Terms

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CRCC High-Tech Equipment (HKSE:01786) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRCC High-Tech Equipment Corporation Ltd (HKSE:01786) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 384, Yangfangwang, Jinma Town, Yunnan Province, Kunming, CHN

Website

http://www.crcce.com.cn

CRCC High-Tech Equipment Corporation Ltd is engaged in the manufacture of products in the large-scale railway track maintenance machinery industry and the provision of related services. Its revenues are generated from manufacturing and sales of machines, parts, components sales and services, overhaul services, and railway line maintenance services. Geographically, the majority of its revenue derives from China.

CRCC High-Tech Equipment (HKSE:01786) Headlines

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