Jiangxi Ganyue Expressway Co (SHSE:600269) Days Payable : 193.35 (As of Mar. 2024)

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What is Jiangxi Ganyue Expressway Co Days Payable?

Jiangxi Ganyue Expressway Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,744 Mil. Jiangxi Ganyue Expressway Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥823 Mil. Hence, Jiangxi Ganyue Expressway Co's Days Payable for the three months ended in Mar. 2024 was 193.35.

The historical rank and industry rank for Jiangxi Ganyue Expressway Co's Days Payable or its related term are showing as below:

SHSE:600269' s Days Payable Range Over the Past 10 Years
Min: 120.77 Med: 202.81 Max: 312.63
Current: 120.77

During the past 13 years, Jiangxi Ganyue Expressway Co's highest Days Payable was 312.63. The lowest was 120.77. And the median was 202.81.

SHSE:600269's Days Payable is ranked better than
70.49% of 1606 companies
in the Construction industry
Industry Median: 73.785 vs SHSE:600269: 120.77

Jiangxi Ganyue Expressway Co's Days Payable increased from Mar. 2023 (188.05) to Mar. 2024 (193.35). It may suggest that Jiangxi Ganyue Expressway Co delayed paying its suppliers.

Jiangxi Ganyue Expressway Co Days Payable Historical Data

The historical data trend for Jiangxi Ganyue Expressway Co'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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Jiangxi Ganyue Expressway Co Days Payable Chart

Jiangxi Ganyue Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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202.36

191.44

146.54

135.27

144.92

Jiangxi Ganyue Expressway Co 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															188.05	114.30	136.15	92.31	193.35

Competitive Comparison of Jiangxi Ganyue Expressway Co's Days Payable

For the Infrastructure Operations subindustry, Jiangxi Ganyue Expressway Co'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.

Jiangxi Ganyue Expressway Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jiangxi Ganyue Expressway Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangxi Ganyue Expressway Co's Days Payable falls into.

Jiangxi Ganyue Expressway Co 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.

Jiangxi Ganyue Expressway Co'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
=	( (1980.223	+	2066.822)	/	2 )	/	5096.617	*	365
=	2023.5225					/	5096.617	*	365
=	144.92

Jiangxi Ganyue Expressway Co'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
=	( (2066.822	+	1420.292)	/	2 )	/	822.847	*	365 / 4
=	1743.557					/	822.847	*	365 / 4
=	193.35

Jiangxi Ganyue Expressway Co Days Payable Related Terms

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Jiangxi Ganyue Expressway Co (SHSE:600269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jiangxi Ganyue Expressway Co Ltd (SHSE:600269) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 199, Torch Street, Yanneng Building, igh-tech Development Zone, Jiangxi, Nanchang, CHN, 330025

Website

http://www.jxexpressway.com

Jiangxi Ganyue Expressway Co Ltd is a Chinese company engaged in the investment, construction, operation, and management of toll highways and roads.

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