Beijing Cuiwei Tower Co (SHSE:603123) Days Payable : 40.95 (As of Mar. 2024)

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What is Beijing Cuiwei Tower Co Days Payable?

Beijing Cuiwei Tower Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥220 Mil. Beijing Cuiwei Tower Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥491 Mil. Hence, Beijing Cuiwei Tower Co's Days Payable for the three months ended in Mar. 2024 was 40.95.

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

SHSE:603123' s Days Payable Range Over the Past 10 Years
Min: 24.78 Med: 40.15 Max: 52.5
Current: 43.25

During the past 13 years, Beijing Cuiwei Tower Co's highest Days Payable was 52.50. The lowest was 24.78. And the median was 40.15.

SHSE:603123's Days Payable is ranked worse than
54.42% of 283 companies
in the Credit Services industry
Industry Median: 48.78 vs SHSE:603123: 43.25

Beijing Cuiwei Tower Co's Days Payable declined from Mar. 2023 (49.78) to Mar. 2024 (40.95). It may suggest that Beijing Cuiwei Tower Co accelerated paying its suppliers.

Beijing Cuiwei Tower Co Days Payable Historical Data

The historical data trend for Beijing Cuiwei Tower 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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Beijing Cuiwei Tower Co Days Payable Chart

Beijing Cuiwei Tower Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.78

44.50

52.50

47.35

38.13

Beijing Cuiwei Tower 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															49.78	52.25	40.73	34.55	40.95

Competitive Comparison of Beijing Cuiwei Tower Co's Days Payable

For the Credit Services subindustry, Beijing Cuiwei Tower 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.

Beijing Cuiwei Tower Co's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Beijing Cuiwei Tower Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Beijing Cuiwei Tower Co's Days Payable falls into.

Beijing Cuiwei Tower 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.

Beijing Cuiwei Tower 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
=	( (385.736	+	192.849)	/	2 )	/	2769.36	*	365
=	289.2925					/	2769.36	*	365
=	38.13

Beijing Cuiwei Tower 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
=	( (192.849	+	248.001)	/	2 )	/	491.151	*	365 / 4
=	220.425					/	491.151	*	365 / 4
=	40.95

Beijing Cuiwei Tower Co Days Payable Related Terms

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Beijing Cuiwei Tower Co (SHSE:603123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Beijing Cuiwei Tower Co Ltd (SHSE:603123) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 33, Fuxing Road, Haidian District, Beijing, CHN, 100036

Website

http://www.cwjt.com

Beijing Cuiwei Tower Co Ltd is engaged in department stores retail business. Its retailing products mainly include cosmetics, household appliances, and supermarket products. The company has three major commercial brands, namely Cuiwei Department Store, Contemporary Mall and Ganjiakou Department Store, and seven large department stores, which integrates department store, supermarket, catering, leisure and entertainment, and other urban quality life services.

Beijing Cuiwei Tower Co (SHSE:603123) Headlines

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