Zonqing Environmental (HKSE:01855) Days Payable : 420.39 (As of Jun. 2024)

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What is Zonqing Environmental Days Payable?

Zonqing Environmental's average Accounts Payable for the six months ended in Jun. 2024 was HK$1,489 Mil. Zonqing Environmental's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$646 Mil. Hence, Zonqing Environmental's Days Payable for the six months ended in Jun. 2024 was 420.39.

The historical rank and industry rank for Zonqing Environmental's Days Payable or its related term are showing as below:

HKSE:01855' s Days Payable Range Over the Past 10 Years
Min: 240.26 Med: 267.5 Max: 449.37
Current: 270.75

During the past 7 years, Zonqing Environmental's highest Days Payable was 449.37. The lowest was 240.26. And the median was 267.50.

HKSE:01855's Days Payable is ranked better than
87.45% of 1673 companies
in the Construction industry
Industry Median: 75.85 vs HKSE:01855: 270.75

Zonqing Environmental's Days Payable increased from Jun. 2023 (286.08) to Jun. 2024 (420.39). It may suggest that Zonqing Environmental delayed paying its suppliers.

Zonqing Environmental Days Payable Historical Data

The historical data trend for Zonqing Environmental'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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Zonqing Environmental Days Payable Chart

Zonqing Environmental Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

267.50

281.52

409.11

449.37

254.17

Zonqing Environmental Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial								493.88	297.70	286.08	201.63	420.39

Competitive Comparison of Zonqing Environmental's Days Payable

For the Engineering & Construction subindustry, Zonqing Environmental'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.

Zonqing Environmental's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zonqing Environmental's Days Payable distribution charts can be found below:

* The bar in red indicates where Zonqing Environmental's Days Payable falls into.

Zonqing Environmental 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.

Zonqing Environmental'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
=	( (1381.91	+	1519.457)	/	2 )	/	2083.265	*	365
=	1450.6835					/	2083.265	*	365
=	254.17

Zonqing Environmental'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
=	( (1519.457	+	1457.774)	/	2 )	/	646.235	*	365 / 2
=	1488.6155					/	646.235	*	365 / 2
=	420.39

Zonqing Environmental Days Payable Related Terms

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Zonqing Environmental Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zonqing Environmental Ltd (HKSE:01855) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.5888, Fuzhi Road, 3rd Floor, Zhongqing Building, Jingyue High-tech Industrial Development Zone, Jilin Province, Changchun, CHN

Website

http://www.zonbong.com

Zonqing Environmental Ltd is principally engaged in landscaping, ecological restoration, and other related projects. Its business segments include City renewal construction services: City operation and maintenance services: Design and consultancy services design, and consultancy for construction projects A majority of revenue is derived from the City renewal construction services segment including construction services for landscaping, ecological restoration, and municipal projects. The group's revenue is generated in the PRC.

Executives

Sun Juqing	2202 Interest of your spouse
Zhao Hongyu	2201 Interest of corporation controlled by you
Zonqing International Investment Limited	2101 Beneficial owner
Liu Haitao	2201 Interest of corporation controlled by you
Wang Tiannv	2202 Interest of your spouse
Zonbong International Investment Limited	2101 Beneficial owner

Zonqing Environmental Headlines

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