China Natural Gas (China Natural Gas) Days Payable : 32.16 (As of Sep. 2013)

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What is China Natural Gas Days Payable?

China Natural Gas's average Accounts Payable for the three months ended in Sep. 2013 was $7.9 Mil. China Natural Gas's Cost of Goods Sold for the three months ended in Sep. 2013 was $22.5 Mil. Hence, China Natural Gas's Days Payable for the three months ended in Sep. 2013 was 32.16.

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

CHNGQ's Days Payable is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 67.1
* Ranked among companies with meaningful Days Payable only.

China Natural Gas's Days Payable declined from Sep. 2012 (39.72) to Sep. 2013 (32.16). It may suggest that China Natural Gas accelerated paying its suppliers.

China Natural Gas Days Payable Historical Data

The historical data trend for China Natural Gas'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 Natural Gas Days Payable Chart

China Natural Gas Annual Data

Trend

Jul03

Jul04

Jul05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Payable

Get a 7-Day Free Trial

7.66

13.77

27.41

31.51

27.54

China Natural Gas Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Days Payable	Get a 7-Day Free Trial															39.72	22.62	27.31	26.40	32.16

Competitive Comparison of China Natural Gas's Days Payable

For the Utilities - Regulated Gas subindustry, China Natural Gas'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 Natural Gas's Days Payable Distribution in the Utilities - Regulated Industry

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

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

China Natural Gas 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 Natural Gas's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

	Days Payable (A: Dec. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2011 )	+	Accounts Payable (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (7.694	+	6.756)	/	2 )	/	95.744	*	365
=	7.225					/	95.744	*	365
=	27.54

China Natural Gas's Days Payable for the quarter that ended in Sep. 2013 is calculated as:

	Days Payable (Q: Sep. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2013 )	+	Accounts Payable (Q: Sep. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
=	( (6.555	+	9.281)	/	2 )	/	22.465	*	365 / 4
=	7.918					/	22.465	*	365 / 4
=	32.16

China Natural Gas Days Payable Related Terms

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China Natural Gas (China Natural Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Natural Gas Inc (OTCPK:CHNGQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

35 Tang Yan Road, 19th Floor Building B, Van Metropolis, Hi-Tech Zone, Shaanxi Province, Xian, CHN, 710065

Website

http://www.naturalgaschina.com

China Natural Gas Inc through its subsidiaries engages in sales & distribution of natural gas and gasoline to commercial, industrial & residential customers, construction of pipeline networks, installation of natural gas fittings & parts for end-users.

Executives

Frank Waung	director	72 GREAT HILLS RD., SHORT HILLS NJ 07078
Lawrence W. Leighton	director	TANG XING SHU MA BUILDING, SUITE 418, TANG XING ROAD, XIAN, SHAANXI PROVINCE F4 710065
Xiaogang Zhu	officer: Chief Financial Officer	SUITE 909, TOWER B, CHANG AN INTL BLDG, NO. 88 NAN GUAN ZHEN XIE, XI AN CITY, SHAN XI PROVINCE F4 710068

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