Shaanxi Construction Engineering Group (SHSE:600248) Days Payable : 692.44 (As of Mar. 2024)

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What is Shaanxi Construction Engineering Group Days Payable?

Shaanxi Construction Engineering Group's average Accounts Payable for the three months ended in Mar. 2024 was ¥190,962 Mil. Shaanxi Construction Engineering Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥25,165 Mil. Hence, Shaanxi Construction Engineering Group's Days Payable for the three months ended in Mar. 2024 was 692.44.

The historical rank and industry rank for Shaanxi Construction Engineering Group's Days Payable or its related term are showing as below:

SHSE:600248' s Days Payable Range Over the Past 10 Years
Min: 151.32 Med: 281.25 Max: 449.6
Current: 449.6

During the past 13 years, Shaanxi Construction Engineering Group's highest Days Payable was 449.60. The lowest was 151.32. And the median was 281.25.

SHSE:600248's Days Payable is ranked better than
94.07% of 1602 companies
in the Construction industry
Industry Median: 75.55 vs SHSE:600248: 449.60

Shaanxi Construction Engineering Group's Days Payable increased from Mar. 2023 (499.44) to Mar. 2024 (692.44). It may suggest that Shaanxi Construction Engineering Group delayed paying its suppliers.

Shaanxi Construction Engineering Group Days Payable Historical Data

The historical data trend for Shaanxi Construction Engineering Group'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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Shaanxi Construction Engineering Group Days Payable Chart

Shaanxi Construction Engineering Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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151.32

281.52

293.56

342.16

428.57

Shaanxi Construction Engineering Group 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															499.44	386.41	487.37	369.07	692.44

Competitive Comparison of Shaanxi Construction Engineering Group's Days Payable

For the Engineering & Construction subindustry, Shaanxi Construction Engineering Group'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.

Shaanxi Construction Engineering Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shaanxi Construction Engineering Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Shaanxi Construction Engineering Group's Days Payable falls into.

Shaanxi Construction Engineering Group 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.

Shaanxi Construction Engineering Group'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
=	( (181396.338	+	197765.716)	/	2 )	/	161458.592	*	365
=	189581.027					/	161458.592	*	365
=	428.57

Shaanxi Construction Engineering Group'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
=	( (197765.716	+	184158.377)	/	2 )	/	25165.158	*	365 / 4
=	190962.0465					/	25165.158	*	365 / 4
=	692.44

Shaanxi Construction Engineering Group Days Payable Related Terms

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Shaanxi Construction Engineering Group (SHSE:600248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shaanxi Construction Engineering Group Corp Ltd (SHSE:600248) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

No.199, North Street, Lianhu District, Xi'an, Shaanxi, CHN, 712100

Website

http://www.sxjgkg.com

Shaanxi Construction Engineering Group Corp Ltd is engaged in providing engineering construction services. The company is involved in infrastructure, construction work, architectural design, real-estate development and operation services.

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