Hong Kong and China Gas Co (Hong Kong and China Gas Co) Days Payable

: 40.04 (As of Jun. 2023)

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Hong Kong and China Gas Co's average Accounts Payable for the six months ended in Jun. 2023 was $507 Mil. Hong Kong and China Gas Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $2,310 Mil. Hence, Hong Kong and China Gas Co's Days Payable for the six months ended in Jun. 2023 was 40.04.

The historical rank and industry rank for Hong Kong and China Gas Co's Days Payable or its related term are showing as below:

HOKCY' s Days Payable Range Over the Past 10 Years
Min: 38.97 Med: 58.15 Max: 74.96
Current: 44.22

During the past 13 years, Hong Kong and China Gas Co's highest Days Payable was 74.96. The lowest was 38.97. And the median was 58.15.

HOKCY's Days Payable is ranked worse than
70.71% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.78 vs HOKCY: 44.22

Hong Kong and China Gas Co's Days Payable increased from Jun. 2022 (36.28) to Jun. 2023 (40.04). It may suggest that Hong Kong and China Gas Co delayed paying its suppliers.

Hong Kong and China Gas Co Days Payable Historical Data

The historical data trend for Hong Kong and China Gas 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.

* Premium members only.

Hong Kong and China Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

50.88

54.56

43.28

38.94

47.41

Hong Kong and China Gas Co 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																37.20	36.28	35.72	40.04	45.54

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas 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.

Hong Kong and China Gas Co Days Payable Distribution

For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hong Kong and China Gas Co's Days Payable falls into.

Hong Kong and China Gas 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.

Hong Kong and China Gas Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (528.388	+	548.809)	/	2 )	/	5049.053	*	365
=	538.5985					/	5049.053	*	365
=	38.94

Hong Kong and China Gas Co's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (548.809	+	464.764)	/	2 )	/	2310.009	*	365 / 2
=	506.7865					/	2310.009	*	365 / 2
=	40.04

Hong Kong and China Gas Co Days Payable Related Terms

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Hong Kong and China Gas Co (Hong Kong and China Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hong Kong and China Gas Co Ltd (OTCPK:HOKCY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HOKCF:USA 00003:Hong Kong HCG:Germany

Address

363 Java Road, 23rd Floor, North Point, Hong Kong, HKG

Website

http://www.towngas.com

Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.

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