China Three Gorges Renewables (Group) Co (SHSE:600905) Days Payable : 710.02 (As of Sep. 2023)

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What is China Three Gorges Renewables (Group) Co Days Payable?

China Three Gorges Renewables (Group) Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥23,203 Mil. China Three Gorges Renewables (Group) Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥2,982 Mil. Hence, China Three Gorges Renewables (Group) Co's Days Payable for the three months ended in Sep. 2023 was 710.02.

The historical rank and industry rank for China Three Gorges Renewables (Group) Co's Days Payable or its related term are showing as below:

SHSE:600905' s Days Payable Range Over the Past 10 Years
Min: 63.13 Med: 766.02 Max: 958.91
Current: 735.04

During the past 13 years, China Three Gorges Renewables (Group) Co's highest Days Payable was 958.91. The lowest was 63.13. And the median was 766.02.

SHSE:600905's Days Payable is ranked better than
90.7% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 81.57 vs SHSE:600905: 735.04

China Three Gorges Renewables (Group) Co's Days Payable declined from Sep. 2022 (853.56) to Sep. 2023 (710.02). It may suggest that China Three Gorges Renewables (Group) Co accelerated paying its suppliers.

China Three Gorges Renewables (Group) Co Days Payable Historical Data

The historical data trend for China Three Gorges Renewables (Group) 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 Three Gorges Renewables (Group) Co Days Payable Chart

China Three Gorges Renewables (Group) Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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801.50

742.51

789.53

958.91

862.01

China Three Gorges Renewables (Group) 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															853.56	701.07	783.66	756.89	710.02

Competitive Comparison of China Three Gorges Renewables (Group) Co's Days Payable

For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) 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 Three Gorges Renewables (Group) Co's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Three Gorges Renewables (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Three Gorges Renewables (Group) Co's Days Payable falls into.

China Three Gorges Renewables (Group) 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 Three Gorges Renewables (Group) 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
=	( (21873.92	+	24916.381)	/	2 )	/	9906.2	*	365
=	23395.1505					/	9906.2	*	365
=	862.01

China Three Gorges Renewables (Group) 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
=	( (23189.791	+	23216.084)	/	2 )	/	2981.987	*	365 / 4
=	23202.9375					/	2981.987	*	365 / 4
=	710.02

China Three Gorges Renewables (Group) Co Days Payable Related Terms

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China Three Gorges Renewables (Group) Co (SHSE:600905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Three Gorges Renewables (Group) Co Ltd (SHSE:600905) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1, Gongyuan Street, Room 206-23, 2nd Floor, Building 1, Tongzhou District, Beijing, CHN, 101149

Website

https://www.ctgne.com

China Three Gorges Renewables, or CTGR, is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydro-electric power plants, and energy storage projects. CTGR has a total generation capacity of about 26.5 gigawatts as of the end of 2022. In particular, the firm is also one of the largest offshore wind farm operators in China, with 4.9 GW of installed capacity at the end of 2022, representing about 16% of China's total capacity. Parent company, China Three Gorges, a state-owned enterprise, owns approximately 52.4% of CTGR's issued shares as of the end of 2022.

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