Zhejiang China Commodities City Group Co (SHSE:600415) Days Payable : 61.02 (As of Mar. 2024)

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What is Zhejiang China Commodities City Group Co Days Payable?

Zhejiang China Commodities City Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,093 Mil. Zhejiang China Commodities City Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,634 Mil. Hence, Zhejiang China Commodities City Group Co's Days Payable for the three months ended in Mar. 2024 was 61.02.

The historical rank and industry rank for Zhejiang China Commodities City Group Co's Days Payable or its related term are showing as below:

SHSE:600415' s Days Payable Range Over the Past 10 Years
Min: 33.62 Med: 115.59 Max: 217.52
Current: 33.62

During the past 13 years, Zhejiang China Commodities City Group Co's highest Days Payable was 217.52. The lowest was 33.62. And the median was 115.59.

SHSE:600415's Days Payable is ranked worse than
78.56% of 1572 companies
in the Real Estate industry
Industry Median: 97.275 vs SHSE:600415: 33.62

Zhejiang China Commodities City Group Co's Days Payable increased from Mar. 2023 (57.55) to Mar. 2024 (61.02). It may suggest that Zhejiang China Commodities City Group Co delayed paying its suppliers.

Zhejiang China Commodities City Group Co Days Payable Historical Data

The historical data trend for Zhejiang China Commodities City Group 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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Zhejiang China Commodities City Group Co Days Payable Chart

Zhejiang China Commodities City Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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131.31

117.06

51.20

47.65

56.72

Zhejiang China Commodities City Group 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															57.55	24.29	22.29	35.53	61.02

Competitive Comparison of Zhejiang China Commodities City Group Co's Days Payable

For the Real Estate - Diversified subindustry, Zhejiang China Commodities City Group 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.

Zhejiang China Commodities City Group Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhejiang China Commodities City Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang China Commodities City Group Co's Days Payable falls into.

Zhejiang China Commodities City Group 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.

Zhejiang China Commodities City Group 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
=	( (1191.314	+	1390.255)	/	2 )	/	8305.742	*	365
=	1290.7845					/	8305.742	*	365
=	56.72

Zhejiang China Commodities City Group 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
=	( (1390.255	+	794.778)	/	2 )	/	1633.733	*	365 / 4
=	1092.5165					/	1633.733	*	365 / 4
=	61.02

Zhejiang China Commodities City Group Co Days Payable Related Terms

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Zhejiang China Commodities City Group Co (SHSE:600415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhejiang China Commodities City Group Co Ltd (SHSE:600415) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 105 Futian Road, Haiyang Business Building, Yiwu, Zhejiang, CHN, 322000

Website

http://www.cccgroup.com.cn

Zhejiang China Commodities City Group Co Ltd is engaged in the construction and operation of commodities trading platforms in China. The company's activities include the operation of markets, commodities distribution, and provision of hotel services. It is also involved in the development of e-commerce, big data, exhibitions, supply chain, finance, exhibitions, tourism and real estate.

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