Shandong Hi Speed New Energy Group (HKSE:01250) Days Payable : 183.81 (As of Jun. 2024)

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What is Shandong Hi Speed New Energy Group Days Payable?

Shandong Hi Speed New Energy Group's average Accounts Payable for the six months ended in Jun. 2024 was HK$1,288 Mil. Shandong Hi Speed New Energy Group's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$1,279 Mil. Hence, Shandong Hi Speed New Energy Group's Days Payable for the six months ended in Jun. 2024 was 183.81.

The historical rank and industry rank for Shandong Hi Speed New Energy Group's Days Payable or its related term are showing as below:

HKSE:01250' s Days Payable Range Over the Past 10 Years
Min: 117.09 Med: 335.36 Max: 724.06
Current: 244.41

During the past 12 years, Shandong Hi Speed New Energy Group's highest Days Payable was 724.06. The lowest was 117.09. And the median was 335.36.

HKSE:01250's Days Payable is ranked better than
78.43% of 394 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.455 vs HKSE:01250: 244.41

Shandong Hi Speed New Energy Group's Days Payable declined from Jun. 2023 (259.34) to Jun. 2024 (183.81). It may suggest that Shandong Hi Speed New Energy Group accelerated paying its suppliers.

Shandong Hi Speed New Energy Group Days Payable Historical Data

The historical data trend for Shandong Hi Speed New Energy Group'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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Shandong Hi Speed New Energy Group Days Payable Chart

Shandong Hi Speed New Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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527.48

724.06

486.80

349.42

245.10

Shandong Hi Speed New Energy Group 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															328.02	335.18	259.34	228.36	183.81

Competitive Comparison of Shandong Hi Speed New Energy Group's Days Payable

For the Utilities - Renewable subindustry, Shandong Hi Speed New Energy Group'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.

Shandong Hi Speed New Energy Group's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shandong Hi Speed New Energy Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Hi Speed New Energy Group's Days Payable falls into.

Shandong Hi Speed New Energy Group 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.

Shandong Hi Speed New Energy Group'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
=	( (1941.813	+	1485.817)	/	2 )	/	2552.221	*	365
=	1713.815					/	2552.221	*	365
=	245.10

Shandong Hi Speed New Energy Group'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
=	( (1485.817	+	1091.079)	/	2 )	/	1279.278	*	365 / 2
=	1288.448					/	1279.278	*	365 / 2
=	183.81

Shandong Hi Speed New Energy Group Days Payable Related Terms

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Shandong Hi Speed New Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shandong Hi Speed New Energy Group Ltd (HKSE:01250) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

99 Queen's Road, Unit 6707, 67th Floor, The Centre, Central, Hong Kong, HKG

Website

https://www.shneg.com.hk

Shandong Hi Speed New Energy Group Ltd is engaged in the investment, development, construction, operation, and management of clean energy businesses which include Photovoltaic Power, Wind Power, and Clean Heat Supply Business.

Executives

Shandong Hi-speed Holdings Group Limited	2101 Beneficial owner
Citigroup Inc.	2305 Beneficiary of a trust
Shan Dong Gao Su Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Profit Plan Global Investment Limited	2101 Beneficial owner
Beijing Enterprises Group Company Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Holdings Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Water Group Limited	2201 Interest of corporation controlled by you
Citic Securities Company Limited	2201 Interest of corporation controlled by you
Citron Pe Associates Ii, L.p.	2201 Interest of corporation controlled by you
Citron Pe Holdings Limited	2201 Interest of corporation controlled by you
Cpechina Fund Ii, L.p.	2201 Interest of corporation controlled by you
Cpechina Fund Iia, L.p.	2201 Interest of corporation controlled by you
Zhong Xin Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Xin Yu Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Bei Jing You De Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you

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