China Resources And Environment Co (SHSE:600217) Days Payable : 24.65 (As of Sep. 2023)

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What is China Resources And Environment Co Days Payable?

China Resources And Environment Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥220 Mil. China Resources And Environment Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥816 Mil. Hence, China Resources And Environment Co's Days Payable for the three months ended in Sep. 2023 was 24.65.

The historical rank and industry rank for China Resources And Environment Co's Days Payable or its related term are showing as below:

SHSE:600217' s Days Payable Range Over the Past 10 Years
Min: 28.47 Med: 87.03 Max: 136.35
Current: 28.47

During the past 13 years, China Resources And Environment Co's highest Days Payable was 136.35. The lowest was 28.47. And the median was 87.03.

SHSE:600217's Days Payable is ranked worse than
80.8% of 224 companies
in the Waste Management industry
Industry Median: 73.515 vs SHSE:600217: 28.47

China Resources And Environment Co's Days Payable declined from Sep. 2022 (26.01) to Sep. 2023 (24.65). It may suggest that China Resources And Environment Co accelerated paying its suppliers.

China Resources And Environment Co Days Payable Historical Data

The historical data trend for China Resources And Environment 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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China Resources And Environment Co Days Payable Chart

China Resources And Environment Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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45.32

93.17

89.26

45.02

33.96

China Resources And Environment Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															26.01	42.38	32.52	23.69	24.65

Competitive Comparison of China Resources And Environment Co's Days Payable

For the Waste Management subindustry, China Resources And Environment 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.

China Resources And Environment Co's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Resources And Environment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Resources And Environment Co's Days Payable falls into.

China Resources And Environment 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.

China Resources And Environment Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (275.588	+	202.749)	/	2 )	/	2570.236	*	365
=	239.1685					/	2570.236	*	365
=	33.96

China Resources And Environment Co'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (220.354	+	220.481)	/	2 )	/	815.979	*	365 / 4
=	220.4175					/	815.979	*	365 / 4
=	24.65

China Resources And Environment Co Days Payable Related Terms

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China Resources And Environment Co (SHSE:600217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Resources And Environment Co Ltd (SHSE:600217) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Xuanwumen Street, 8th Floor, Block B, Global Finance Center, Xicheng District, Beijing, CHN, 100052

Website

http://www.qinling.com

China Resources And Environment Co Ltd is engaged in waste electrical and electronic products dismantling business. The company's waste products are divide into plastic, glass, metal, and hazardous waste received from its customers.

China Resources And Environment Co (SHSE:600217) Headlines

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