Shanxi Hi speed Group Co (SZSE:000755) Days Payable : 168.33 (As of Mar. 2024)

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What is Shanxi Hi speed Group Co Days Payable?

Shanxi Hi speed Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥284 Mil. Shanxi Hi speed Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥154 Mil. Hence, Shanxi Hi speed Group Co's Days Payable for the three months ended in Mar. 2024 was 168.33.

The historical rank and industry rank for Shanxi Hi speed Group Co's Days Payable or its related term are showing as below:

SZSE:000755' s Days Payable Range Over the Past 10 Years
Min: 67.12 Med: 152.45 Max: 393.15
Current: 126.08

During the past 13 years, Shanxi Hi speed Group Co's highest Days Payable was 393.15. The lowest was 67.12. And the median was 152.45.

SZSE:000755's Days Payable is ranked better than
72.13% of 1604 companies
in the Construction industry
Industry Median: 74.18 vs SZSE:000755: 126.08

Shanxi Hi speed Group Co's Days Payable declined from Mar. 2023 (188.28) to Mar. 2024 (168.33). It may suggest that Shanxi Hi speed Group Co accelerated paying its suppliers.

Shanxi Hi speed Group Co Days Payable Historical Data

The historical data trend for Shanxi Hi speed 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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Shanxi Hi speed Group Co Days Payable Chart

Shanxi Hi speed Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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393.15

142.60

152.82

152.08

146.06

Shanxi Hi speed 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															188.28	148.99	123.83	91.65	168.33

Competitive Comparison of Shanxi Hi speed Group Co's Days Payable

For the Infrastructure Operations subindustry, Shanxi Hi speed 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.

Shanxi Hi speed Group Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shanxi Hi speed Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanxi Hi speed Group Co's Days Payable falls into.

Shanxi Hi speed 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.

Shanxi Hi speed 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
=	( (345.132	+	295.296)	/	2 )	/	800.213	*	365
=	320.214					/	800.213	*	365
=	146.06

Shanxi Hi speed 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
=	( (295.296	+	272.191)	/	2 )	/	153.812	*	365 / 4
=	283.7435					/	153.812	*	365 / 4
=	168.33

Shanxi Hi speed Group Co Days Payable Related Terms

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Shanxi Hi speed Group Co (SZSE:000755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanxi Hi speed Group Co Ltd (SZSE:000755) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 19, Chuangye Street, High-tech Development Zone, Shanxi Province, Taiyuan, CHN, 030006

Website

http://www.sxlq.com

Shanxi Road and Bridge Co Ltd is an engineering and construction company. Its business segments are Investment building sector, Infrastructure construction section, Upstream and downstream sectors of the industrial chain, real estate sector, and new business sector among others. The firm has its operational footprints in countries like Zimbabwe, Botswana, Cambodia, Mongolia, Yemen, and other countries.

Shanxi Hi speed Group Co (SZSE:000755) Headlines

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