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CIMEF (CIMC Enric Holdings) Days Payable : 89.64 (As of Jun. 2024)


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What is CIMC Enric Holdings Days Payable?

CIMC Enric Holdings's average Accounts Payable for the six months ended in Jun. 2024 was $666 Mil. CIMC Enric Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was $1,357 Mil. Hence, CIMC Enric Holdings's Days Payable for the six months ended in Jun. 2024 was 89.64.

The historical rank and industry rank for CIMC Enric Holdings's Days Payable or its related term are showing as below:

CIMEF' s Days Payable Range Over the Past 10 Years
Min: 66.01   Med: 83.93   Max: 108.7
Current: 76.49

During the past 13 years, CIMC Enric Holdings's highest Days Payable was 108.70. The lowest was 66.01. And the median was 83.93.

CIMEF's Days Payable is ranked better than
57.82% of 882 companies
in the Oil & Gas industry
Industry Median: 60.345 vs CIMEF: 76.49

CIMC Enric Holdings's Days Payable increased from Jun. 2023 (71.35) to Jun. 2024 (89.64). It may suggest that CIMC Enric Holdings delayed paying its suppliers.

CIMC Enric Holdings Days Payable Historical Data

The historical data trend for CIMC Enric Holdings'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.

CIMC Enric Holdings Days Payable Chart

CIMC Enric Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 83.03 84.45 66.18 80.07 73.51

CIMC Enric Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 80.49 71.42 71.35 65.75 89.64

Competitive Comparison of CIMC Enric Holdings's Days Payable

For the Oil & Gas Equipment & Services subindustry, CIMC Enric Holdings'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.

CIMC Enric Holdings's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CIMC Enric Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where CIMC Enric Holdings's Days Payable falls into.


CIMC Enric Holdings 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.

CIMC Enric Holdings'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
=( (500.934 + 622) / 2 ) / 2787.801*365
=561.467 / 2787.801*365
=73.51

CIMC Enric Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (622 + 710.981) / 2 ) / 1356.913*365 / 2
=666.4905 / 1356.913*365 / 2
=89.64

* 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.

CIMC Enric Holdings Days Payable Related Terms

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CIMC Enric Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CIMC Enric Holdings Ltd (OTCPK:CIMEF) » Definitions » Days Payable
Comparable Companies
HKSE:01921 HKSE:00568 HKSE:03337 HKSE:03303 HKSE:00196 HKSE:00554 HKSE:00206 HKSE:00353 HKSE:02178 HKSE:01080 SLB BKR HAL MIL:TEN FTI SHSE:601808 NOV WFRD CHX SHSE:600968
Traded in Other Exchanges
03899:Hong Kong E8F:Germany
Address
CIMC R&D Center, third floor, No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN
Website
https://www.enricgroup.com
CIMC Enric Holdings Ltd is engaged in the design, development, manufacturing, engineering, and sales of transportation, storage, and processing equipment. It is also involved in the provision of technical maintenance services. The company operates through three segments. The clean energy segment specializes in the manufacture and sale of a wide range of equipment for the storage, transportation, processing, and distribution of natural gas. Chemical and environmental segment specializes in the manufacture and sale of a wide range of equipment, such as tank containers, for the storage and transportation of liquefied or gasified chemicals. The liquid food segment specializes in the engineering, manufacture, and sale of stainless-steel tanks for storage and processing liquid food.