Daqin Railway Co (SHSE:601006) Days Payable : 34.11 (As of Mar. 2024)

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What is Daqin Railway Co Days Payable?

Daqin Railway Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,379 Mil. Daqin Railway Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥14,390 Mil. Hence, Daqin Railway Co's Days Payable for the three months ended in Mar. 2024 was 34.11.

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

SHSE:601006' s Days Payable Range Over the Past 10 Years
Min: 20.26 Med: 31.79 Max: 37.16
Current: 28.97

During the past 13 years, Daqin Railway Co's highest Days Payable was 37.16. The lowest was 20.26. And the median was 31.79.

SHSE:601006's Days Payable is ranked worse than
65.84% of 931 companies
in the Transportation industry
Industry Median: 39.3 vs SHSE:601006: 28.97

Daqin Railway Co's Days Payable increased from Mar. 2023 (34.04) to Mar. 2024 (34.11). It may suggest that Daqin Railway Co delayed paying its suppliers.

Daqin Railway Co Days Payable Historical Data

The historical data trend for Daqin Railway 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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Daqin Railway Co Days Payable Chart

Daqin Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

26.28

20.26

27.28

35.72

32.05

Daqin Railway 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															34.04	29.79	27.54	24.50	34.11

Competitive Comparison of Daqin Railway Co's Days Payable

For the Railroads subindustry, Daqin Railway 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.

Daqin Railway Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Daqin Railway Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Daqin Railway Co's Days Payable falls into.

Daqin Railway 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.

Daqin Railway 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
=	( (5934.746	+	5353.928)	/	2 )	/	64278.748	*	365
=	5644.337					/	64278.748	*	365
=	32.05

Daqin Railway 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
=	( (5353.928	+	5403.828)	/	2 )	/	14390.333	*	365 / 4
=	5378.878					/	14390.333	*	365 / 4
=	34.11

Daqin Railway Co Days Payable Related Terms

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Daqin Railway Co (SHSE:601006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Daqin Railway Co Ltd (SHSE:601006) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14 Zhanbei Street, Shanxi, Datong, CHN, 037005

Website

http://www.daqintielu.com

Daqin Railway is a state-owned rail-transport operator in China. The company's core asset, Daqin Line, and its 41%-owned Shuohuang Line, are China's busiest east-west coal railways. Their combined volume accounts for about one quarter of China's railway coal volume. Coal rail-transport contributes the bulk of Daqin's operating profit. Daqin also hauls other bulk and non-bulk freight and provides passenger rail service.

Daqin Railway Co (SHSE:601006) Headlines

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