Silk Road Energy Services Group (HKSE:08250) Days Payable : 2.30 (As of Dec. 2023)

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What is Silk Road Energy Services Group Days Payable?

Silk Road Energy Services Group's average Accounts Payable for the three months ended in Dec. 2023 was HK$37 Mil. Silk Road Energy Services Group's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$1,471 Mil. Hence, Silk Road Energy Services Group's Days Payable for the three months ended in Dec. 2023 was 2.30.

The historical rank and industry rank for Silk Road Energy Services Group's Days Payable or its related term are showing as below:

HKSE:08250' s Days Payable Range Over the Past 10 Years
Min: 2.83 Med: 12.64 Max: 80.85
Current: 3.07

During the past 13 years, Silk Road Energy Services Group's highest Days Payable was 80.85. The lowest was 2.83. And the median was 12.64.

HKSE:08250's Days Payable is ranked worse than
100% of 126 companies
in the Other Energy Sources industry
Industry Median: 64.77 vs HKSE:08250: 3.07

Silk Road Energy Services Group's Days Payable increased from Dec. 2022 (1.96) to Dec. 2023 (2.30). It may suggest that Silk Road Energy Services Group delayed paying its suppliers.

Silk Road Energy Services Group Days Payable Historical Data

The historical data trend for Silk Road Energy Services Group'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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Silk Road Energy Services Group Days Payable Chart

Silk Road Energy Services Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

8.69

13.45

29.69

3.45

2.83

Silk Road Energy Services Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															1.96	1.86	5.52	4.73	2.30

Competitive Comparison of Silk Road Energy Services Group's Days Payable

For the Thermal Coal subindustry, Silk Road Energy Services Group'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.

Silk Road Energy Services Group's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Silk Road Energy Services Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Silk Road Energy Services Group's Days Payable falls into.

Silk Road Energy Services Group 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.

Silk Road Energy Services Group's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (6.224	+	73.688)	/	2 )	/	5150.709	*	365
=	39.956					/	5150.709	*	365
=	2.83

Silk Road Energy Services Group'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	37.101)	/	1 )	/	1471.38	*	365 / 4
=	37.101					/	1471.38	*	365 / 4
=	2.30

Silk Road Energy Services Group Days Payable Related Terms

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Silk Road Energy Services Group (HKSE:08250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Silk Road Energy Services Group Ltd (HKSE:08250) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

166 -168 Gloucester Road, 16th Floor, Sing Ho Financial Building, Hong Kong, HKG

Website

https://www.silkroadenergy.com.hk

Silk Road Energy Services Group Ltd is a Hong Kong-based investment holding company involved in the coal mining business. It operates through given segments Trading fresh produce products, Coal mining and construction services, Money lending and Heating supply services. Its business is spread across Hong Kong, the People's Republic of China, and Mongolia. The majority of the revenue is contributed by Trading of fresh produce products.

Executives

Xu Gongming	2201 Interest of corporation controlled by you
Hong Shu Wan Tou Zi Ji Tuan Guo Ji You Xian Gong Si	2101 Beneficial owner
Yan Weiwei	2201 Interest of corporation controlled by you
Xing Lian Ke Ji You Xian Gong Si	2101 Beneficial owner
Wei Kai	2101 Beneficial owner
Chen Ying	2101 Beneficial owner
Liao Xiaofang	2101 Beneficial owner

Silk Road Energy Services Group (HKSE:08250) Headlines

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