China CSSC Holdings (SHSE:600150) Days Payable : 183.34 (As of Mar. 2024)

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What is China CSSC Holdings Days Payable?

China CSSC Holdings's average Accounts Payable for the three months ended in Mar. 2024 was ¥28,466 Mil. China CSSC Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥14,168 Mil. Hence, China CSSC Holdings's Days Payable for the three months ended in Mar. 2024 was 183.34.

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

SHSE:600150' s Days Payable Range Over the Past 10 Years
Min: 89.43 Med: 144.23 Max: 191.86
Current: 137.61

During the past 13 years, China CSSC Holdings's highest Days Payable was 191.86. The lowest was 89.43. And the median was 144.23.

SHSE:600150's Days Payable is ranked better than
69.7% of 297 companies
in the Aerospace & Defense industry
Industry Median: 77.56 vs SHSE:600150: 137.61

China CSSC Holdings's Days Payable declined from Mar. 2023 (295.13) to Mar. 2024 (183.34). It may suggest that China CSSC Holdings accelerated paying its suppliers.

China CSSC Holdings Days Payable Historical Data

The historical data trend for China CSSC Holdings'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 CSSC Holdings Days Payable Chart

China CSSC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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104.92

176.99

191.86

188.54

155.06

China CSSC Holdings 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															295.13	120.63	155.81	115.13	183.34

Competitive Comparison of China CSSC Holdings's Days Payable

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

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

* The bar in red indicates where China CSSC Holdings's Days Payable falls into.

China CSSC Holdings 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 CSSC Holdings'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
=	( (27021.401	+	29843.184)	/	2 )	/	66928.89	*	365
=	28432.2925					/	66928.89	*	365
=	155.06

China CSSC Holdings'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
=	( (29843.184	+	27089.098)	/	2 )	/	14168.122	*	365 / 4
=	28466.141					/	14168.122	*	365 / 4
=	183.34

China CSSC Holdings Days Payable Related Terms

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China CSSC Holdings (SHSE:600150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China CSSC Holdings Ltd (SHSE:600150) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Pudong Avenue, Pudong New Area, 15A, China Shipbuilding Building, Shanghai, CHN, 200120

Website

http://csscholdings.cssc.net.cn

China CSSC Holdings Ltd is a China-based company engaged in the business activities of shipbuilding and ship repair. Its main products are a Capesize bulk carrier, Floating production storage and offloading, Aframax tanker and others. In addition, the company is also involved in the business activities of the core package, ocean engineering and other.

China CSSC Holdings (SHSE:600150) Headlines

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