Citic Pacific Special Steel Group Co (SZSE:000708) Days Payable : 78.95 (As of Mar. 2024)

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What is Citic Pacific Special Steel Group Co Days Payable?

Citic Pacific Special Steel Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥21,569 Mil. Citic Pacific Special Steel Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥24,930 Mil. Hence, Citic Pacific Special Steel Group Co's Days Payable for the three months ended in Mar. 2024 was 78.95.

The historical rank and industry rank for Citic Pacific Special Steel Group Co's Days Payable or its related term are showing as below:

SZSE:000708' s Days Payable Range Over the Past 10 Years
Min: 46.99 Med: 71.84 Max: 118.04
Current: 83.52

During the past 13 years, Citic Pacific Special Steel Group Co's highest Days Payable was 118.04. The lowest was 46.99. And the median was 71.84.

SZSE:000708's Days Payable is ranked better than
79.42% of 588 companies
in the Steel industry
Industry Median: 39.7 vs SZSE:000708: 83.52

Citic Pacific Special Steel Group Co's Days Payable declined from Mar. 2023 (80.03) to Mar. 2024 (78.95). It may suggest that Citic Pacific Special Steel Group Co accelerated paying its suppliers.

Citic Pacific Special Steel Group Co Days Payable Historical Data

The historical data trend for Citic Pacific Special Steel Group 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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Citic Pacific Special Steel Group Co Days Payable Chart

Citic Pacific Special Steel Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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108.39

118.04

80.24

75.97

74.98

Citic Pacific Special Steel Group 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															80.03	83.36	87.71	85.69	78.95

Competitive Comparison of Citic Pacific Special Steel Group Co's Days Payable

For the Steel subindustry, Citic Pacific Special Steel Group 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.

Citic Pacific Special Steel Group Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Citic Pacific Special Steel Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Citic Pacific Special Steel Group Co's Days Payable falls into.

Citic Pacific Special Steel Group 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.

Citic Pacific Special Steel Group 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
=	( (17958.08	+	22730.553)	/	2 )	/	99038.328	*	365
=	20344.3165					/	99038.328	*	365
=	74.98

Citic Pacific Special Steel Group 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
=	( (22730.553	+	20408.335)	/	2 )	/	24930.456	*	365 / 4
=	21569.444					/	24930.456	*	365 / 4
=	78.95

Citic Pacific Special Steel Group Co Days Payable Related Terms

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Citic Pacific Special Steel Group Co (SZSE:000708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Citic Pacific Special Steel Group Co Ltd (SZSE:000708) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1 Changshan Avenue, Jiangsu, Jiangyin, CHN, 214429

Website

http://www.dayesteel.com.cn

Citic Pacific Special Steel Group Co Ltd manufactures special steel, high-grade bearing steel, gear steel, spring steel, alloy tube billets, high-quality thick to medium seamless steel tubes, high-alloy steel, free cutting and non-quenched/ tempered steel.

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