Guangdong Provincial Expressway Development Co (SZSE:000429) Days Payable : 50.12 (As of Mar. 2024)

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What is Guangdong Provincial Expressway Development Co Days Payable?

Guangdong Provincial Expressway Development Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥196 Mil. Guangdong Provincial Expressway Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥356 Mil. Hence, Guangdong Provincial Expressway Development Co's Days Payable for the three months ended in Mar. 2024 was 50.12.

The historical rank and industry rank for Guangdong Provincial Expressway Development Co's Days Payable or its related term are showing as below:

SZSE:000429' s Days Payable Range Over the Past 10 Years
Min: 36.98 Med: 63.58 Max: 100.78
Current: 36.98

During the past 13 years, Guangdong Provincial Expressway Development Co's highest Days Payable was 100.78. The lowest was 36.98. And the median was 63.58.

SZSE:000429's Days Payable is ranked worse than
82.81% of 1606 companies
in the Construction industry
Industry Median: 73.785 vs SZSE:000429: 36.98

Guangdong Provincial Expressway Development Co's Days Payable increased from Mar. 2023 (44.41) to Mar. 2024 (50.12). It may suggest that Guangdong Provincial Expressway Development Co delayed paying its suppliers.

Guangdong Provincial Expressway Development Co Days Payable Historical Data

The historical data trend for Guangdong Provincial Expressway Development 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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Guangdong Provincial Expressway Development Co Days Payable Chart

Guangdong Provincial Expressway Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.25

81.04

59.99

53.18

43.22

Guangdong Provincial Expressway Development 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															44.41	39.27	35.76	29.68	50.12

Competitive Comparison of Guangdong Provincial Expressway Development Co's Days Payable

For the Infrastructure Operations subindustry, Guangdong Provincial Expressway Development 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.

Guangdong Provincial Expressway Development Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Guangdong Provincial Expressway Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guangdong Provincial Expressway Development Co's Days Payable falls into.

Guangdong Provincial Expressway Development 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.

Guangdong Provincial Expressway Development 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
=	( (197.789	+	214.451)	/	2 )	/	1740.818	*	365
=	206.12					/	1740.818	*	365
=	43.22

Guangdong Provincial Expressway Development 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
=	( (214.451	+	176.881)	/	2 )	/	356.263	*	365 / 4
=	195.666					/	356.263	*	365 / 4
=	50.12

Guangdong Provincial Expressway Development Co Days Payable Related Terms

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Guangdong Provincial Expressway Development Co (SZSE:000429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Provincial Expressway Development Co Ltd (SZSE:000429) » Definitions » Days Payable

Traded in Other Exchanges

200429:China

Address

Zhujiang East Road, 45-46th Floor, Litong Plaza, No.32, Zhujiang New City, Tihe Disrtict, Guangzhou, CHN, 510623

Website

http://www.gpedcl.com

Guangdong Provincial Expressway Development Co Ltd is principally engaged in the development and operation of expressways and large bridges. It is involved in tolling and maintenance of Guangfo Expressway, Fokai Expressway, Jiujiang Bridge, Huiyan Expressway, Maozhan Expressway, Jiangzhong Expressway, Kangda Expressway and Gankang Expressway.

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