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Chongqing Department Store Co (SHSE:600729) Days Payable : 80.43 (As of Mar. 2024)


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What is Chongqing Department Store Co Days Payable?

Chongqing Department Store Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,070 Mil. Chongqing Department Store Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,482 Mil. Hence, Chongqing Department Store Co's Days Payable for the three months ended in Mar. 2024 was 80.43.

The historical rank and industry rank for Chongqing Department Store Co's Days Payable or its related term are showing as below:

SHSE:600729' s Days Payable Range Over the Past 10 Years
Min: 42.53   Med: 54.14   Max: 92.68
Current: 89.59

During the past 13 years, Chongqing Department Store Co's highest Days Payable was 92.68. The lowest was 42.53. And the median was 54.14.

SHSE:600729's Days Payable is ranked better than
71.02% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.77 vs SHSE:600729: 89.59

Chongqing Department Store Co's Days Payable declined from Mar. 2023 (84.68) to Mar. 2024 (80.43). It may suggest that Chongqing Department Store Co accelerated paying its suppliers.


Chongqing Department Store Co Days Payable Historical Data

The historical data trend for Chongqing Department Store 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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Chongqing Department Store Co Days Payable Chart

Chongqing Department Store Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.55 92.68 83.67 88.43 78.00

Chongqing Department Store 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 84.68 84.94 99.48 96.53 80.43

Competitive Comparison of Chongqing Department Store Co's Days Payable

For the Department Stores subindustry, Chongqing Department Store 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.


Chongqing Department Store Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Chongqing Department Store Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Department Store Co's Days Payable falls into.



Chongqing Department Store 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.

Chongqing Department Store 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
=( (3127.126 + 2904.76) / 2 ) / 14112.429*365
=3015.943 / 14112.429*365
=78.00

Chongqing Department Store 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
=( (2904.76 + 3234.58) / 2 ) / 3482.418*365 / 4
=3069.67 / 3482.418*365 / 4
=80.43

* 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.


Chongqing Department Store Co Days Payable Related Terms

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Chongqing Department Store Co (SHSE:600729) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Minquan Road, Yuzhong District, Chongqing, Chongqing, CHN, 400010
Chongqing Department Store Co Ltd is engaged in operating departmental stores and supermarkets in China.

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