China Suntien Green Energy (HKSE:00956) Days Payable : 6.25 (As of Mar. 2024)

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What is China Suntien Green Energy Days Payable?

China Suntien Green Energy's average Accounts Payable for the three months ended in Mar. 2024 was HK$469 Mil. China Suntien Green Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$6,850 Mil. Hence, China Suntien Green Energy's Days Payable for the three months ended in Mar. 2024 was 6.25.

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

HKSE:00956' s Days Payable Range Over the Past 10 Years
Min: 6.09 Med: 11.88 Max: 65.62
Current: 15.52

During the past 13 years, China Suntien Green Energy's highest Days Payable was 65.62. The lowest was 6.09. And the median was 11.88.

HKSE:00956's Days Payable is ranked worse than
96.39% of 499 companies
in the Utilities - Regulated industry
Industry Median: 66.38 vs HKSE:00956: 15.52

China Suntien Green Energy's Days Payable declined from Mar. 2023 (7.47) to Mar. 2024 (6.25). It may suggest that China Suntien Green Energy accelerated paying its suppliers.

China Suntien Green Energy Days Payable Historical Data

The historical data trend for China Suntien Green Energy'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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China Suntien Green Energy Days Payable Chart

China Suntien Green Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

6.09

6.22

10.53

12.81

10.95

China Suntien Green Energy Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															7.47	15.72	18.69	-	6.25

Competitive Comparison of China Suntien Green Energy's Days Payable

For the Utilities - Diversified subindustry, China Suntien Green Energy'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 Suntien Green Energy's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Suntien Green Energy's Days Payable distribution charts can be found below:

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

China Suntien Green Energy 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 Suntien Green Energy'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
=	( (465.073	+	532.926)	/	2 )	/	16632.439	*	365
=	498.9995					/	16632.439	*	365
=	10.95

China Suntien Green Energy'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
=	( (532.926	+	405.9)	/	2 )	/	6850.312	*	365 / 4
=	469.413					/	6850.312	*	365 / 4
=	6.25

China Suntien Green Energy Days Payable Related Terms

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China Suntien Green Energy (HKSE:00956) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Suntien Green Energy Corp Ltd (HKSE:00956) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9C6:Germany 600956:China

Address

No. 9 Yuhua West Road, 9th Floor, Block A, Yuyuan Plaza, Qiaoxi District, Hebei Province, Shijiazhuang, CHN, 050001

Website

http://www.suntien.com

China Suntien Green Energy is engaged in the wind power, photovoltaic, and natural gas businesses. The natural gas segment is involved in the sales of natural gas and gas appliances, and the provision of construction and connection services of natural gas pipelines. The wind and solar energy segment sells electricity to external grid companies by operating wind farms and solar energy plants. In 2022, the firm's natural gas transmission volume was 4,501 million cubic meters, while sales volume of electricity was 13.87 billion kilowatt-hours. As of end-2022, the firm had consolidated renewable energy (wind and solar) installed capacity of 5.94 gigawatts.

Executives

Brown Brothers Harriman & Co.	2502 Approved lending agent
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Citigroup Inc.	2502 Approved lending agent
Gic Private Limited	2102 Investment manager
Morgan Stanley	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you

China Suntien Green Energy (HKSE:00956) Headlines

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