Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Days Payable : 260.40 (As of Mar. 2024)

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What is Changjiang & Jinggong Steel Building (Group) Co Days Payable?

Changjiang & Jinggong Steel Building (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥8,635 Mil. Changjiang & Jinggong Steel Building (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,026 Mil. Hence, Changjiang & Jinggong Steel Building (Group) Co's Days Payable for the three months ended in Mar. 2024 was 260.40.

The historical rank and industry rank for Changjiang & Jinggong Steel Building (Group) Co's Days Payable or its related term are showing as below:

SHSE:600496' s Days Payable Range Over the Past 10 Years
Min: 166.59 Med: 196.59 Max: 249.71
Current: 198.11

During the past 13 years, Changjiang & Jinggong Steel Building (Group) Co's highest Days Payable was 249.71. The lowest was 166.59. And the median was 196.59.

SHSE:600496's Days Payable is ranked better than
82.49% of 1599 companies
in the Construction industry
Industry Median: 75.97 vs SHSE:600496: 198.11

Changjiang & Jinggong Steel Building (Group) Co's Days Payable increased from Mar. 2023 (200.12) to Mar. 2024 (260.40). It may suggest that Changjiang & Jinggong Steel Building (Group) Co delayed paying its suppliers.

Changjiang & Jinggong Steel Building (Group) Co Days Payable Historical Data

The historical data trend for Changjiang & Jinggong Steel Building (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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Changjiang & Jinggong Steel Building (Group) Co Days Payable Chart

Changjiang & Jinggong Steel Building (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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203.36

196.93

166.59

191.88

208.25

Changjiang & Jinggong Steel Building (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															200.12	186.25	202.05	166.67	260.40

Competitive Comparison of Changjiang & Jinggong Steel Building (Group) Co's Days Payable

For the Engineering & Construction subindustry, Changjiang & Jinggong Steel Building (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.

Changjiang & Jinggong Steel Building (Group) Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Changjiang & Jinggong Steel Building (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changjiang & Jinggong Steel Building (Group) Co's Days Payable falls into.

Changjiang & Jinggong Steel Building (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.

Changjiang & Jinggong Steel Building (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
=	( (7530.881	+	8856.984)	/	2 )	/	14361.312	*	365
=	8193.9325					/	14361.312	*	365
=	208.25

Changjiang & Jinggong Steel Building (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
=	( (8856.984	+	8414)	/	2 )	/	3026.083	*	365 / 4
=	8635.492					/	3026.083	*	365 / 4
=	260.40

Changjiang & Jinggong Steel Building (Group) Co Days Payable Related Terms

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Changjiang & Jinggong Steel Building (Group) Co (SHSE:600496) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changjiang & Jinggong Steel Building (Group) Co Ltd (SHSE:600496) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang Jiang Jing Gong Industrial Park, Economic and Technological Development Zone, Anhui, Liu'an, CHN, 237161

Website

http://www.600496.com

Changjiang & Jinggong Steel Building (Group) Co Ltd is a China-based company engaged in the design, production, construction, and engineering services of steel construction and enclosure system. Its main products include light steel structures, space large span steel structures, high-rise steel structures, envelope systems and fasteners, as well as curtain wall systems. The company mainly operates its businesses in the domestic and overseas markets.

Executives

Fang Chao Yang	Director
Zhang Xiao Ying	senior management
Shen Yue Hua	senior management
Qiu Jian Hua	senior management
Chen Shui Fu	senior management
Chen Guo Dong	senior management
Sun Guan Fu	Director
Yan Hong	Director
Qian Wei Jun	Director
Lou Bao Liang	senior management

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