Sino Oil and Gas Holdings (HKSE:00702) Days Payable : 2.45 (As of Dec. 2023)

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What is Sino Oil and Gas Holdings Days Payable?

Sino Oil and Gas Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$1.4 Mil. Sino Oil and Gas Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$103.7 Mil. Hence, Sino Oil and Gas Holdings's Days Payable for the six months ended in Dec. 2023 was 2.45.

The historical rank and industry rank for Sino Oil and Gas Holdings's Days Payable or its related term are showing as below:

HKSE:00702' s Days Payable Range Over the Past 10 Years
Min: 4.24 Med: 27.93 Max: 319.26
Current: 4.24

During the past 13 years, Sino Oil and Gas Holdings's highest Days Payable was 319.26. The lowest was 4.24. And the median was 27.93.

HKSE:00702's Days Payable is ranked worse than
98.41% of 126 companies
in the Other Energy Sources industry
Industry Median: 64.77 vs HKSE:00702: 4.24

Sino Oil and Gas Holdings's Days Payable declined from Dec. 2022 (3.36) to Dec. 2023 (2.45). It may suggest that Sino Oil and Gas Holdings accelerated paying its suppliers.

Sino Oil and Gas Holdings Days Payable Historical Data

The historical data trend for Sino Oil and Gas Holdings'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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Sino Oil and Gas Holdings Days Payable Chart

Sino Oil and Gas Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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319.26

283.97

27.93

6.54

5.53

Sino Oil and Gas Holdings 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															11.89	5.85	3.36	5.00	2.45

Competitive Comparison of Sino Oil and Gas Holdings's Days Payable

For the Thermal Coal subindustry, Sino Oil and Gas Holdings'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.

Sino Oil and Gas Holdings's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Sino Oil and Gas Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Sino Oil and Gas Holdings's Days Payable falls into.

Sino Oil and Gas Holdings 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.

Sino Oil and Gas Holdings'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
=	( (3.765	+	1.931)	/	2 )	/	187.997	*	365
=	2.848					/	187.997	*	365
=	5.53

Sino Oil and Gas Holdings'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
=	( (0.858	+	1.931)	/	2 )	/	103.685	*	365 / 2
=	1.3945					/	103.685	*	365 / 2
=	2.45

Sino Oil and Gas Holdings Days Payable Related Terms

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Sino Oil and Gas Holdings (HKSE:00702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Sino Oil and Gas Holdings Ltd (HKSE:00702) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Room 3710, 37th Floor, Hong Kong Plaza, Hong Kong, HKG

Website

https://www.sino-oilgas.hk

Sino Oil and Gas Holdings Ltd is an investment holding company. It operates in four segments, namely Coalbed methane, which includes exploration, development, and production of coalbed methane; Raw & cleaned coal, which consists of raw coal washing and sale of raw and cleaned coal; Oil and gas exploitation segment is into exploitation and sale of crude oil and natural gas; and Financial Services. The group generates majority of its revenues from Raw and cleaned coal segment. It geographically earns revenues from the People's Republic of China.

Sino Oil and Gas Holdings (HKSE:00702) Headlines

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