China Gas Holdings (China Gas Holdings) Days Payable : 96.75 (As of Sep. 2023)

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What is China Gas Holdings Days Payable?

China Gas Holdings's average Accounts Payable for the six months ended in Sep. 2023 was $2,054 Mil. China Gas Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $3,874 Mil. Hence, China Gas Holdings's Days Payable for the six months ended in Sep. 2023 was 96.75.

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

CGHLY' s Days Payable Range Over the Past 10 Years
Min: 38.99 Med: 77.54 Max: 141.13
Current: 80.54

During the past 13 years, China Gas Holdings's highest Days Payable was 141.13. The lowest was 38.99. And the median was 77.54.

CGHLY's Days Payable is ranked better than
60.45% of 493 companies
in the Utilities - Regulated industry
Industry Median: 68.14 vs CGHLY: 80.54

China Gas Holdings's Days Payable increased from Sep. 2022 (89.01) to Sep. 2023 (96.75). It may suggest that China Gas Holdings delayed paying its suppliers.

China Gas Holdings Days Payable Historical Data

The historical data trend for China 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.

* Premium members only.

China Gas Holdings Days Payable Chart

China Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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104.24

140.28

108.10

86.93

78.51

China Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															96.93	76.19	89.01	68.97	96.75

Competitive Comparison of China Gas Holdings's Days Payable

For the Utilities - Regulated Gas subindustry, China 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.

China Gas Holdings's Days Payable Distribution in the Utilities - Regulated Industry

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

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

China 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.

China Gas Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (2312.263	+	2070.151)	/	2 )	/	10186.88	*	365
=	2191.207					/	10186.88	*	365
=	78.51

China Gas Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2070.151	+	2037.176)	/	2 )	/	3873.741	*	365 / 2
=	2053.6635					/	3873.741	*	365 / 2
=	96.75

China Gas Holdings Days Payable Related Terms

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China Gas Holdings (China Gas Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Holdings Ltd (OTCPK:CGHLY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CGHOF:USA 00384:Hong Kong EBZ:Germany

Address

151 Gloucester Road, Room 1601, 16th Floor, Capital Centre, Wan Chai, Hong Kong, HKG

Website

http://www.chinagasholdings.com.hk

China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2023 (ended March 31, 2023), the group had secured a total of 661 piped gas concessions, 533 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 106 LPG distribution projects in China. In total, CGH has connected 45.4 million residential households and achieved a penetration rate of 68.6%.

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