CITIC (STU:CPF) Days Payable : 55.90 (As of Dec. 2023)

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What is CITIC Days Payable?

CITIC's average Accounts Payable for the six months ended in Dec. 2023 was €12,859 Mil. CITIC's Cost of Goods Sold for the six months ended in Dec. 2023 was €41,981 Mil. Hence, CITIC's Days Payable for the six months ended in Dec. 2023 was 55.90.

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

STU:CPF' s Days Payable Range Over the Past 10 Years
Min: 49.66 Med: 65.28 Max: 86.83
Current: 61.64

During the past 13 years, CITIC's highest Days Payable was 86.83. The lowest was 49.66. And the median was 65.28.

STU:CPF's Days Payable is ranked better than
52.77% of 470 companies
in the Conglomerates industry
Industry Median: 58.395 vs STU:CPF: 61.64

CITIC's Days Payable increased from Dec. 2022 (51.62) to Dec. 2023 (55.90). It may suggest that CITIC delayed paying its suppliers.

CITIC Days Payable Historical Data

The historical data trend for CITIC'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.

* Premium members only.

CITIC Days Payable Chart

CITIC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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59.38

67.79

82.39

83.22

66.34

CITIC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															79.59	94.20	51.62	65.87	55.90

Competitive Comparison of CITIC's Days Payable

For the Conglomerates subindustry, CITIC'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.

CITIC's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CITIC's Days Payable distribution charts can be found below:

* The bar in red indicates where CITIC's Days Payable falls into.

CITIC 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.

CITIC'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
=	( (12396.914	+	14642.451)	/	2 )	/	74382.11	*	365
=	13519.6825					/	74382.11	*	365
=	66.34

CITIC's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (11076.118	+	14642.451)	/	2 )	/	41981.122	*	365 / 2
=	12859.2845					/	41981.122	*	365 / 2
=	55.90

CITIC Days Payable Related Terms

Thank you for viewing the detailed overview of CITIC's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

CITIC (STU:CPF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » CITIC Ltd (STU:CPF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CTPCY:USA CTPCF:USA 00267:Hong Kong

Address

1 Tim Mei Avenue, 32nd Floor, CITIC Tower, Central, Hong Kong, HKG

Website

https://www.citic.com

CITIC Ltd is a Hong Kong-based investment holding company. The company's operating segment includes Comprehensive financial services; Advanced intelligent manufacturing; Advanced materials; New consumption and New-type urbanisation. It generates maximum revenue from the Comprehensive financial services segment. Geographically it derives a majority of its revenue from Mainland China.