CECEP Wind Power (SHSE:601016) Days Payable

: 282.66 (As of Dec. 2023)

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CECEP Wind Power's average Accounts Payable for the three months ended in Dec. 2023 was ¥1,979 Mil. CECEP Wind Power's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥639 Mil. Hence, CECEP Wind Power's Days Payable for the three months ended in Dec. 2023 was 282.66.

The historical rank and industry rank for CECEP Wind Power's Days Payable or its related term are showing as below:

SHSE:601016' s Days Payable Range Over the Past 10 Years
Min: 306.57 Med: 538.74 Max: 1163.97
Current: 306.57

During the past 13 years, CECEP Wind Power's highest Days Payable was 1163.97. The lowest was 306.57. And the median was 538.74.

SHSE:601016's Days Payable is ranked better than
81.82% of 385 companies
in the Utilities - Independent Power Producers industry
Industry Median: 81.19 vs SHSE:601016: 306.57

CECEP Wind Power's Days Payable declined from Dec. 2022 (343.66) to Dec. 2023 (282.66). It may suggest that CECEP Wind Power accelerated paying its suppliers.

CECEP Wind Power Days Payable Historical Data

The historical data trend for CECEP Wind Power'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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CECEP Wind Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

341.75

530.56

625.93

450.56

331.97

CECEP Wind Power Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																343.66	335.87	298.91	285.51	282.66

Competitive Comparison

For the Utilities - Renewable subindustry, CECEP Wind Power'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.

CECEP Wind Power Days Payable Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, CECEP Wind Power's Days Payable distribution charts can be found below:

* The bar in red indicates where CECEP Wind Power's Days Payable falls into.

CECEP Wind Power 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.

CECEP Wind Power'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
=	( (2174.503	+	2139.419)	/	2 )	/	2371.592	*	365
=	2156.961					/	2371.592	*	365
=	331.97

CECEP Wind Power'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1818.07	+	2139.419)	/	2 )	/	638.791	*	365 / 4
=	1978.7445					/	638.791	*	365 / 4
=	282.66

CECEP Wind Power Days Payable Related Terms

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CECEP Wind Power (SHSE:601016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CECEP Wind Power Corp (SHSE:601016) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Jieneng Mansion No.42, Xizhimen North Street, 12F Building A, Haidian District, Beijing, CHN, 100082

Website

http://www.cecwpc.cn

CECEP Wind Power Corp is a China-based company engages in the development, investment management, construction, operation and maintenance of wind power projects. It also involves in integrated resource exploration as well as engages in the manufacture and construction of turbine design. It holds main wind power station projects, which situated at Zhangbei, Hebei province, Dabancheng, Xinjiang Province, and Jiuquan, Gansu province, China.

CECEP Wind Power (SHSE:601016) Headlines

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