Chongqing Construction Engineering Group Co (SHSE:600939) Days Payable : 519.79 (As of Mar. 2024)

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What is Chongqing Construction Engineering Group Co Days Payable?

Chongqing Construction Engineering Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥39,189 Mil. Chongqing Construction Engineering Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6,880 Mil. Hence, Chongqing Construction Engineering Group Co's Days Payable for the three months ended in Mar. 2024 was 519.79.

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

SHSE:600939' s Days Payable Range Over the Past 10 Years
Min: 155.05 Med: 213.12 Max: 348.13
Current: 348.13

During the past 13 years, Chongqing Construction Engineering Group Co's highest Days Payable was 348.13. The lowest was 155.05. And the median was 213.12.

SHSE:600939's Days Payable is ranked better than
91.56% of 1599 companies
in the Construction industry
Industry Median: 75.97 vs SHSE:600939: 348.13

Chongqing Construction Engineering Group Co's Days Payable increased from Mar. 2023 (316.32) to Mar. 2024 (519.79). It may suggest that Chongqing Construction Engineering Group Co delayed paying its suppliers.

Chongqing Construction Engineering Group Co Days Payable Historical Data

The historical data trend for Chongqing Construction 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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Chongqing Construction Engineering Group Co Days Payable Chart

Chongqing Construction Engineering Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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196.99

194.34

220.60

289.15

344.43

Chongqing Construction 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															316.32	337.19	300.25	309.33	519.79

Competitive Comparison of Chongqing Construction Engineering Group Co's Days Payable

For the Engineering & Construction subindustry, Chongqing Construction 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.

Chongqing Construction Engineering Group Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chongqing Construction Engineering Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Construction Engineering Group Co's Days Payable falls into.

Chongqing Construction 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.

Chongqing Construction 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
=	( (37992.089	+	41635.913)	/	2 )	/	42191.333	*	365
=	39814.001					/	42191.333	*	365
=	344.43

Chongqing Construction 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
=	( (41635.913	+	36741.692)	/	2 )	/	6879.709	*	365 / 4
=	39188.8025					/	6879.709	*	365 / 4
=	519.79

Chongqing Construction Engineering Group Co Days Payable Related Terms

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Chongqing Construction Engineering Group Co (SHSE:600939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chongqing Construction Engineering Group Co Ltd (SHSE:600939) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.1596, Jinkai Avenue, Liangjiang New District, Economic Development Zone, Chongqing, CHN, 401122

Website

http://www.cceg.cn

Chongqing Construction Engineering Group Co Ltd is a China based civil engineering construction company. It is engaged in the housing construction and highway construction. The company is involved in the industrial field of building installation field, municipal infrastructure, construction industry and logistics, construction project investment management, building technology, and construction finance. The company has a business presence in China, and various other countries. It focuses on the construction of high-rise buildings, highways, large span bridges and tunnel construction, commodity concrete production, construction machinery manufacturing and other core technologies.

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