Jinhong Gas Co (SHSE:688106) Days Payable : 154.23 (As of Sep. 2024)

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What is Jinhong Gas Co Days Payable?

Jinhong Gas Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥732 Mil. Jinhong Gas Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥433 Mil. Hence, Jinhong Gas Co's Days Payable for the three months ended in Sep. 2024 was 154.23.

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

SHSE:688106' s Days Payable Range Over the Past 10 Years
Min: 102.9 Med: 154.02 Max: 180.33
Current: 171.88

During the past 12 years, Jinhong Gas Co's highest Days Payable was 180.33. The lowest was 102.90. And the median was 154.02.

SHSE:688106's Days Payable is ranked better than
92.06% of 1512 companies
in the Chemicals industry
Industry Median: 60.235 vs SHSE:688106: 171.88

Jinhong Gas Co's Days Payable declined from Sep. 2023 (171.31) to Sep. 2024 (154.23). It may suggest that Jinhong Gas Co accelerated paying its suppliers.

Jinhong Gas Co Days Payable Historical Data

The historical data trend for Jinhong 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.

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Jinhong Gas Co Days Payable Chart

Jinhong Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

148.61

144.56

136.40

159.42

173.04

Jinhong Gas Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															171.31	185.65	189.05	163.00	154.23

Competitive Comparison of Jinhong Gas Co's Days Payable

For the Specialty Chemicals subindustry, Jinhong 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.

Jinhong Gas Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jinhong Gas Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jinhong Gas Co's Days Payable falls into.

Jinhong 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.

Jinhong Gas 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
=	( (572.793	+	860.334)	/	2 )	/	1511.442	*	365
=	716.5635					/	1511.442	*	365
=	173.04

Jinhong Gas Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (755.818	+	709.165)	/	2 )	/	433.367	*	365 / 4
=	732.4915					/	433.367	*	365 / 4
=	154.23

Jinhong Gas Co Days Payable Related Terms

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Jinhong Gas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jinhong Gas Co Ltd (SHSE:688106) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anmin Road, No. 6, Panyang Industrial Park, Huangdai Town, Xiangcheng District, Jiangsu Province, Suzhou, CHN, 215152

Website

http://www.jinhonggroup.com

Jinhong Gas Co Ltd is engaged in production, sales and service of environmentally intensive integrated gas. The company provides customers with one-stop gas supply solutions for various bulk gases, special gases and natural gasother fields.

Executives

Jin Xiang Hua	Director
Liu Zhi Jun	Core technical personnel
Chen Qi Feng	Core technical personnel
Shi Dong Sheng	Directors, senior managers, core technical personn
Ge Hui Fang	Supervisors
Liu Bing Feng	Supervisors

Jinhong Gas Co Headlines

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