Canggang Railway (HKSE:02169) Days Payable : 35.84 (As of Dec. 2023)

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What is Canggang Railway Days Payable?

Canggang Railway's average Accounts Payable for the six months ended in Dec. 2023 was HK$23.1 Mil. Canggang Railway's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$117.7 Mil. Hence, Canggang Railway's Days Payable for the six months ended in Dec. 2023 was 35.84.

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

HKSE:02169' s Days Payable Range Over the Past 10 Years
Min: 40.22 Med: 45.78 Max: 59.52
Current: 40.22

During the past 7 years, Canggang Railway's highest Days Payable was 59.52. The lowest was 40.22. And the median was 45.78.

HKSE:02169's Days Payable is ranked better than
51.66% of 935 companies
in the Transportation industry
Industry Median: 38.97 vs HKSE:02169: 40.22

Canggang Railway's Days Payable declined from Dec. 2022 (41.44) to Dec. 2023 (35.84). It may suggest that Canggang Railway accelerated paying its suppliers.

Canggang Railway Days Payable Historical Data

The historical data trend for Canggang Railway'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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Canggang Railway Days Payable Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.40

45.78

44.86

48.31

40.84

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						51.46	50.40	41.44	44.07	35.84

Competitive Comparison of Canggang Railway's Days Payable

For the Railroads subindustry, Canggang Railway'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.

Canggang Railway's Days Payable Distribution in the Transportation Industry

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

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

Canggang Railway 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.

Canggang Railway'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
=	( (30.809	+	21.327)	/	2 )	/	232.984	*	365
=	26.068					/	232.984	*	365
=	40.84

Canggang Railway'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
=	( (24.89	+	21.327)	/	2 )	/	117.665	*	365 / 2
=	23.1085					/	117.665	*	365 / 2
=	35.84

Canggang Railway Days Payable Related Terms

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Canggang Railway (HKSE:02169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Canggang Railway (HKSE:02169) Headlines

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