China Huarong Energy Co (FRA:XYTA) Days Payable: 1,894.96 (As of Jun. 2024)

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What is China Huarong Energy Co Days Payable?

China Huarong Energy Co FRA:XYTA Days Payable is 1,894.96 as of Jun. 2024.

China Huarong Energy Co's average Accounts Payable for the six months ended in Jun. 2024 was €32.49 Mil. China Huarong Energy Co's Cost of Goods Sold for the six months ended in Jun. 2024 was €3.13 Mil. Hence, China Huarong Energy Co's Days Payable for the six months ended in Jun. 2024 was 1,894.96.

The historical rank and industry rank for China Huarong Energy Co's Days Payable or its related term are showing as below:

FRA:XYTA's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 57.95
* Ranked among companies with meaningful Days Payable only.

China Huarong Energy Co's Days Payable increased from Jun. 2023 (1,757.26) to Jun. 2024 (1,894.96). It may suggest that China Huarong Energy Co delayed paying its suppliers.

China Huarong Energy Co Days Payable Historical Data

* Premium members only.

The historical data trend for China Huarong Energy 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.

China Huarong Energy Co Days Payable Chart

China Huarong Energy Co 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 3,354.39 2,413.11 341.75 1,689.26 1,917.50

China Huarong Energy Co 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 1,859.79 1,595.85 1,757.26 2,171.54 1,894.96

FRA:XYTA vs COP, EOG, OXY: Days Payable Comparison

For the Oil & Gas E&P subindustry, China Huarong Energy 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 Huarong Energy Co Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where China Huarong Energy Co's Days Payable falls into.


China Huarong Energy 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 Huarong Energy 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
=( (35.907 + 33.081) / 2 ) / 6.566*365
=34.494 / 6.566*365
=1,917.50

China Huarong Energy Co'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
=( (33.081 + 31.898) / 2 ) / 3.129*365 / 2
=32.4895 / 3.129*365 / 2
=1,894.96

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 1,894.96 mean?
China Huarong Energy Co (FRA:XYTA) has a Days Payable of 1,894.96 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China Huarong Energy Co and its competitors.
Is China Huarong Energy Co's Days Payable too high?
China Huarong Energy Co's current Days Payable is 1,894.96. The Oil & Gas industry median Days Payable is 57.95. China Huarong Energy Co's value of 1,894.96 is 3170% above this industry median.
How does China Huarong Energy Co's Days Payable compare to COP and EOG?
China Huarong Energy Co's Days Payable of 1,894.96 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. China Huarong Energy Co's value of 1,894.96 is 3170% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 851 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Huarong Energy Co's current Days Payable of 1,894.96 is 3170% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China Huarong Energy Co and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Huarong Energy Co's current Days Payable is 1,894.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Huarong Energy Co stock overvalued right now?
China Huarong Energy Co (FRA:XYTA) has a current Days Payable of 1,894.96. The current Days Payable is 1,894.96 and 3170% above the Oil & Gas industry median of 57.95. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For China Huarong Energy Co (FRA:XYTA), the current Days Payable is 1,894.96 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Huarong Energy Co Business Description

Industry EnergyOil & Gas
Address 50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chaiwan, Hong Kong, HKG
China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. The company's reportable segments are; Energy exploration and production which generates revenue from sales of crude oil in Kyrgyzstan; and the Oil storage and trading segment which generates key revenue for the firm is engaged in renting its capacity in the provision of oil storage services and trading the relevant commodities in China. Geographically, the company generates a majority of its revenue from China and the rest from Kyrgyzstan.