ENN Energy Holdings (HKSE:02688) Days Payable : 23.96 (As of Dec. 2023)

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What is ENN Energy Holdings Days Payable?

ENN Energy Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$7,548 Mil. ENN Energy Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$57,496 Mil. Hence, ENN Energy Holdings's Days Payable for the six months ended in Dec. 2023 was 23.96.

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

HKSE:02688' s Days Payable Range Over the Past 10 Years
Min: 22.43 Med: 28.86 Max: 35.51
Current: 24.32

During the past 13 years, ENN Energy Holdings's highest Days Payable was 35.51. The lowest was 22.43. And the median was 28.86.

HKSE:02688's Days Payable is ranked worse than
90.91% of 495 companies
in the Utilities - Regulated industry
Industry Median: 67.1 vs HKSE:02688: 24.32

ENN Energy Holdings's Days Payable declined from Dec. 2022 (30.67) to Dec. 2023 (23.96). It may suggest that ENN Energy Holdings accelerated paying its suppliers.

ENN Energy Holdings Days Payable Historical Data

The historical data trend for ENN Energy 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.

ENN Energy Holdings Days Payable Chart

ENN Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.76

35.51

31.42

27.72

22.43

ENN Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															26.75	28.40	30.67	26.71	23.96

Competitive Comparison of ENN Energy Holdings's Days Payable

For the Utilities - Regulated Gas subindustry, ENN Energy 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.

ENN Energy Holdings's Days Payable Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where ENN Energy Holdings's Days Payable falls into.

ENN Energy 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.

ENN Energy Holdings'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
=	( (6657.853	+	6723.459)	/	2 )	/	108852.874	*	365
=	6690.656					/	108852.874	*	365
=	22.43

ENN Energy Holdings'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8372.89	+	6723.459)	/	2 )	/	57495.581	*	365 / 2
=	7548.1745					/	57495.581	*	365 / 2
=	23.96

ENN Energy Holdings Days Payable Related Terms

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ENN Energy Holdings (HKSE:02688) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ENN Energy Holdings Ltd (HKSE:02688) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Xinyuan DongDao Road, Building A, ENN Industrial Park, Economic and Technological Development Zone, Hebei Province, Langfang, CHN, 065001

Website

https://www.ennenergy.com

ENN Energy Holdings is primarily engaged in distributing and retailing natural gas. By year-end 2022, ENN owned 254 city gas projects in China, with annual gas sales volume of 32.7 billion cubic meters. Meanwhile, the aggregate number of connected piped gas residential households reached 27.9 million, with an average gas penetration rate of 62.9%. ENN Energy also has ventured into integrated energy business with 210 projects in operation.

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