Ningxia Jiaze Renewables (SHSE:601619) Days Payable : 401.91 (As of Mar. 2024)

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What is Ningxia Jiaze Renewables Days Payable?

Ningxia Jiaze Renewables's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,004 Mil. Ningxia Jiaze Renewables's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥228 Mil. Hence, Ningxia Jiaze Renewables's Days Payable for the three months ended in Mar. 2024 was 401.91.

The historical rank and industry rank for Ningxia Jiaze Renewables's Days Payable or its related term are showing as below:

SHSE:601619' s Days Payable Range Over the Past 10 Years
Min: 242.93 Med: 434.4 Max: 632.92
Current: 433.75

During the past 12 years, Ningxia Jiaze Renewables's highest Days Payable was 632.92. The lowest was 242.93. And the median was 434.40.

SHSE:601619's Days Payable is ranked better than
85.75% of 386 companies
in the Utilities - Independent Power Producers industry
Industry Median: 77.405 vs SHSE:601619: 433.75

Ningxia Jiaze Renewables's Days Payable declined from Mar. 2023 (501.10) to Mar. 2024 (401.91). It may suggest that Ningxia Jiaze Renewables accelerated paying its suppliers.

Ningxia Jiaze Renewables Days Payable Historical Data

The historical data trend for Ningxia Jiaze Renewables'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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Ningxia Jiaze Renewables Days Payable Chart

Ningxia Jiaze Renewables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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310.07

424.98

455.45

493.54

441.51

Ningxia Jiaze Renewables 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															501.10	444.22	423.65	442.98	401.91

Competitive Comparison of Ningxia Jiaze Renewables's Days Payable

For the Utilities - Renewable subindustry, Ningxia Jiaze Renewables'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.

Ningxia Jiaze Renewables's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Ningxia Jiaze Renewables's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningxia Jiaze Renewables's Days Payable falls into.

Ningxia Jiaze Renewables 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.

Ningxia Jiaze Renewables'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
=	( (1246.721	+	949.691)	/	2 )	/	907.89	*	365
=	1098.206					/	907.89	*	365
=	441.51

Ningxia Jiaze Renewables'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
=	( (949.691	+	1058.306)	/	2 )	/	227.95	*	365 / 4
=	1003.9985					/	227.95	*	365 / 4
=	401.91

Ningxia Jiaze Renewables Days Payable Related Terms

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Ningxia Jiaze Renewables (SHSE:601619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ningxia Jiaze Renewables Corp Ltd (SHSE:601619) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Ningxia Hui Autonomous Region, Hongsipu District, Dahe Township, Xunzi, Wuzhong, CHN, 751999

Website

http://www.jzne.net.cn

Ningxia Jiaze Renewables Corp Ltd is engaged in the utility business. Its business includes the construction and operation of power plants for solar energy, wind energy, and bio-energy.

Executives

Chen Bo	Director
Han Xiao Dong	senior management
Zhao Ji Wei	Director
Zhang Jian Jun	Director
Ju Xin Tuan	senior management
Wang Qiang	senior management
Yang Ning	senior management
Yang Jie	Supervisors
Zhang Song	Supervisors
Yang Fan	Supervisors
An Zhen Min	senior management

Ningxia Jiaze Renewables (SHSE:601619) Headlines

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