CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Days Payable : 286.31 (As of Mar. 2024)

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What is CSSC Offshore & Marine Engineering (Group) Co Days Payable?

CSSC Offshore & Marine Engineering (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥8,001 Mil. CSSC Offshore & Marine Engineering (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,550 Mil. Hence, CSSC Offshore & Marine Engineering (Group) Co's Days Payable for the three months ended in Mar. 2024 was 286.31.

The historical rank and industry rank for CSSC Offshore & Marine Engineering (Group) Co's Days Payable or its related term are showing as below:

SHSE:600685' s Days Payable Range Over the Past 10 Years
Min: 89.95 Med: 193.96 Max: 330.04
Current: 183.11

During the past 13 years, CSSC Offshore & Marine Engineering (Group) Co's highest Days Payable was 330.04. The lowest was 89.95. And the median was 193.96.

SHSE:600685's Days Payable is ranked better than
77.85% of 298 companies
in the Aerospace & Defense industry
Industry Median: 78.04 vs SHSE:600685: 183.11

CSSC Offshore & Marine Engineering (Group) Co's Days Payable declined from Mar. 2023 (390.78) to Mar. 2024 (286.31). It may suggest that CSSC Offshore & Marine Engineering (Group) Co accelerated paying its suppliers.

CSSC Offshore & Marine Engineering (Group) Co Days Payable Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (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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CSSC Offshore & Marine Engineering (Group) Co Days Payable Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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195.39

330.04

283.16

243.53

197.06

CSSC Offshore & Marine Engineering (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															390.78	178.50	205.82	134.07	286.31

Competitive Comparison of CSSC Offshore & Marine Engineering (Group) Co's Days Payable

For the Aerospace & Defense subindustry, CSSC Offshore & Marine Engineering (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.

CSSC Offshore & Marine Engineering (Group) Co's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSSC Offshore & Marine Engineering (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where CSSC Offshore & Marine Engineering (Group) Co's Days Payable falls into.

CSSC Offshore & Marine Engineering (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.

CSSC Offshore & Marine Engineering (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
=	( (7525.838	+	8752.627)	/	2 )	/	15075.78	*	365
=	8139.2325					/	15075.78	*	365
=	197.06

CSSC Offshore & Marine Engineering (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
=	( (8752.627	+	7249.202)	/	2 )	/	2550.009	*	365 / 4
=	8000.9145					/	2550.009	*	365 / 4
=	286.31

CSSC Offshore & Marine Engineering (Group) Co Days Payable Related Terms

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CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (SHSE:600685) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00317:Hong Kong GSZ:Germany

Address

No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250

Website

http://comec.cssc.net.cn

CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.

CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Headlines

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