SPIC Industry-Finance Holdings Co (SZSE:000958) Days Payable : 152.08 (As of Mar. 2024)

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What is SPIC Industry-Finance Holdings Co Days Payable?

SPIC Industry-Finance Holdings Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,538 Mil. SPIC Industry-Finance Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥923 Mil. Hence, SPIC Industry-Finance Holdings Co's Days Payable for the three months ended in Mar. 2024 was 152.08.

The historical rank and industry rank for SPIC Industry-Finance Holdings Co's Days Payable or its related term are showing as below:

SZSE:000958' s Days Payable Range Over the Past 10 Years
Min: 54.41 Med: 106.5 Max: 164.67
Current: 156.39

During the past 13 years, SPIC Industry-Finance Holdings Co's highest Days Payable was 164.67. The lowest was 54.41. And the median was 106.50.

SZSE:000958's Days Payable is ranked better than
79.35% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.385 vs SZSE:000958: 156.39

SPIC Industry-Finance Holdings Co's Days Payable declined from Mar. 2023 (154.65) to Mar. 2024 (152.08). It may suggest that SPIC Industry-Finance Holdings Co accelerated paying its suppliers.

SPIC Industry-Finance Holdings Co Days Payable Historical Data

The historical data trend for SPIC Industry-Finance Holdings 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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SPIC Industry-Finance Holdings Co Days Payable Chart

SPIC Industry-Finance Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.41

72.36

117.81

164.67

152.41

SPIC Industry-Finance Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															154.65	204.15	163.82	126.84	152.08

Competitive Comparison of SPIC Industry-Finance Holdings Co's Days Payable

For the Utilities - Regulated Electric subindustry, SPIC Industry-Finance Holdings 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.

SPIC Industry-Finance Holdings Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, SPIC Industry-Finance Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where SPIC Industry-Finance Holdings Co's Days Payable falls into.

SPIC Industry-Finance Holdings 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.

SPIC Industry-Finance Holdings Co'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
=	( (1601.786	+	1530.003)	/	2 )	/	3750.135	*	365
=	1565.8945					/	3750.135	*	365
=	152.41

SPIC Industry-Finance Holdings Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1530.003	+	1546.031)	/	2 )	/	922.847	*	365 / 4
=	1538.017					/	922.847	*	365 / 4
=	152.08

SPIC Industry-Finance Holdings Co Days Payable Related Terms

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SPIC Industry-Finance Holdings Co (SZSE:000958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » SPIC Industry-Finance Holdings Co Ltd (SZSE:000958) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 161 Jianhua South Street, Hebei Province, Shijiazhuang, CHN, 050031

Website

http://www.dfrdjt.com

SPIC Industry-Finance Holdings Co Ltd is engaged in the generation and distribution of heat, steam, and electricity for industrial, commercial and residential purposes.

SPIC Industry-Finance Holdings Co (SZSE:000958) Headlines

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