China Tourism Group Duty Free (SHSE:601888) Days Payable : 44.08 (As of Mar. 2024)

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What is China Tourism Group Duty Free Days Payable?

China Tourism Group Duty Free's average Accounts Payable for the three months ended in Mar. 2024 was ¥6,059 Mil. China Tourism Group Duty Free's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥12,542 Mil. Hence, China Tourism Group Duty Free's Days Payable for the three months ended in Mar. 2024 was 44.08.

The historical rank and industry rank for China Tourism Group Duty Free's Days Payable or its related term are showing as below:

SHSE:601888' s Days Payable Range Over the Past 10 Years
Min: 28.17 Med: 39.88 Max: 63.48
Current: 54.27

During the past 13 years, China Tourism Group Duty Free's highest Days Payable was 63.48. The lowest was 28.17. And the median was 39.88.

SHSE:601888's Days Payable is ranked worse than
51.58% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.405 vs SHSE:601888: 54.27

China Tourism Group Duty Free's Days Payable declined from Mar. 2023 (49.88) to Mar. 2024 (44.08). It may suggest that China Tourism Group Duty Free accelerated paying its suppliers.

China Tourism Group Duty Free Days Payable Historical Data

The historical data trend for China Tourism Group Duty Free'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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China Tourism Group Duty Free Days Payable Chart

China Tourism Group Duty Free Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.87

46.58

41.50

63.48

55.81

China Tourism Group Duty Free 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															49.88	64.52	55.92	50.42	44.08

Competitive Comparison of China Tourism Group Duty Free's Days Payable

For the Specialty Retail subindustry, China Tourism Group Duty Free'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.

China Tourism Group Duty Free's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Days Payable distribution charts can be found below:

* The bar in red indicates where China Tourism Group Duty Free's Days Payable falls into.

China Tourism Group Duty Free 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.

China Tourism Group Duty Free'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
=	( (7678.621	+	6402.938)	/	2 )	/	46049.402	*	365
=	7040.7795					/	46049.402	*	365
=	55.81

China Tourism Group Duty Free'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
=	( (6402.938	+	5715.799)	/	2 )	/	12542.25	*	365 / 4
=	6059.3685					/	12542.25	*	365 / 4
=	44.08

China Tourism Group Duty Free Days Payable Related Terms

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China Tourism Group Duty Free (SHSE:601888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Tourism Group Duty Free Corp Ltd (SHSE:601888) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

01880:Hong Kong

Address

No. 2A, Dongzhimenwai Street, 8th Floor, Block A, Dongcheng District, Beijing, CHN, 100027

Website

https://www.ctgdutyfree.com.cn

China Tourism Group Duty Free Corp Ltd is an investment holding company. The company's segments include Retail and Property. It generates maximum revenue from the Retail segment. The Retail segment offers a comprehensive series of duty-free and duty-paid merchandise to customers in Mainland China, Hong Kong, Macau, Cambodia, etc, through its travel retail business. It also engages sales of duty-free and duty-paid merchandise and income from provision of related services.

China Tourism Group Duty Free (SHSE:601888) Headlines

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