Shaanxi Provincial Natural Gas Co (SZSE:002267) Days Payable

: 102.21 (As of Sep. 2023)

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Shaanxi Provincial Natural Gas Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥1,306 Mil. Shaanxi Provincial Natural Gas Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥1,166 Mil. Hence, Shaanxi Provincial Natural Gas Co's Days Payable for the three months ended in Sep. 2023 was 102.21.

The historical rank and industry rank for Shaanxi Provincial Natural Gas Co's Days Payable or its related term are showing as below:

SZSE:002267' s Days Payable Range Over the Past 10 Years
Min: 34.79 Med: 61.68 Max: 103.83
Current: 87.11

During the past 13 years, Shaanxi Provincial Natural Gas Co's highest Days Payable was 103.83. The lowest was 34.79. And the median was 61.68.

SZSE:002267's Days Payable is ranked better than
62.29% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs SZSE:002267: 87.11

Shaanxi Provincial Natural Gas Co's Days Payable declined from Sep. 2022 (150.71) to Sep. 2023 (102.21). It may suggest that Shaanxi Provincial Natural Gas Co accelerated paying its suppliers.

Shaanxi Provincial Natural Gas Co Days Payable Historical Data

The historical data trend for Shaanxi Provincial Natural Gas 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.

* Premium members only.

Shaanxi Provincial Natural Gas Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

59.59

60.68

94.09

103.83

87.22

Shaanxi Provincial Natural Gas 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																150.71	86.12	67.86	115.39	102.21

Competitive Comparison

For the Oil & Gas Midstream subindustry, Shaanxi Provincial Natural Gas 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.

Shaanxi Provincial Natural Gas Co Days Payable Distribution

For the Oil & Gas industry and Energy sector, Shaanxi Provincial Natural Gas Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shaanxi Provincial Natural Gas Co's Days Payable falls into.

Shaanxi Provincial Natural Gas 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.

Shaanxi Provincial Natural Gas 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
=	( (1776.524	+	1755.906)	/	2 )	/	7391.56	*	365
=	1766.215					/	7391.56	*	365
=	87.22

Shaanxi Provincial Natural Gas 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
=	( (1401.346	+	1211.203)	/	2 )	/	1166.172	*	365 / 4
=	1306.2745					/	1166.172	*	365 / 4
=	102.21

Shaanxi Provincial Natural Gas Co Days Payable Related Terms

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Shaanxi Provincial Natural Gas Co (SZSE:002267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shaanxi Provincial Natural Gas Co Ltd (SZSE:002267) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Kaiyuan Road, Xi'an Economic and Technological Development Zone, A1 District, Shanxi province, Xi'an, CHN, 710016

Website

http://www.shaanxigas.com

Shaanxi Provincial Natural Gas Co Ltd is a China-based company engaged in the construction and operation of natural gas pipelines. It plans, constructs, operates and manages natural gas long-distance pipeline network in the Shaanxi Province.

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