Chu Kong Petroleum and Natural Gas Steel Pipe Holdings (HKSE:01938) Days Payable : 124.52 (As of Jun. 2024)

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What is Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Days Payable?

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's average Accounts Payable for the six months ended in Jun. 2024 was HK$978 Mil. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$1,433 Mil. Hence, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Payable for the six months ended in Jun. 2024 was 124.52.

The historical rank and industry rank for Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Payable or its related term are showing as below:

HKSE:01938' s Days Payable Range Over the Past 10 Years
Min: 113.16 Med: 193.68 Max: 317.49
Current: 119.16

During the past 13 years, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's highest Days Payable was 317.49. The lowest was 113.16. And the median was 193.68.

HKSE:01938's Days Payable is ranked better than
87.85% of 601 companies
in the Steel industry
Industry Median: 39.45 vs HKSE:01938: 119.16

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Payable declined from Jun. 2023 (133.97) to Jun. 2024 (124.52). It may suggest that Chu Kong Petroleum and Natural Gas Steel Pipe Holdings accelerated paying its suppliers.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Days Payable Historical Data

The historical data trend for Chu Kong Petroleum and Natural Gas Steel Pipe 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.

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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Days Payable Chart

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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201.27

189.53

212.59

197.82

138.57

Chu Kong Petroleum and Natural Gas Steel Pipe 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															276.53	165.28	133.97	122.71	124.52

Competitive Comparison of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Payable

For the Steel subindustry, Chu Kong Petroleum and Natural Gas Steel Pipe 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.

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Chu Kong Petroleum and Natural Gas Steel Pipe Holdings's Days Payable falls into.

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Chu Kong Petroleum and Natural Gas Steel Pipe 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.

Chu Kong Petroleum and Natural Gas Steel Pipe 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
=	( (710.308	+	1030.988)	/	2 )	/	2293.263	*	365
=	870.648					/	2293.263	*	365
=	138.57

Chu Kong Petroleum and Natural Gas Steel Pipe 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
=	( (1030.988	+	924.171)	/	2 )	/	1432.734	*	365 / 2
=	977.5795					/	1432.734	*	365 / 2
=	124.52

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Days Payable Related Terms

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Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd (HKSE:01938) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, 3-5 Golden Dragon City, Yayun Avenue, Panyu District, Guangdong Province, Guangzhou, CHN, 511450

Website

http://www.pck.com.cn

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd operates in the steel pipe business. The group is involved in its key revenue-generating business which is to manufacture and sell welded steel pipes and the provision of related manufacturing services. The group's steel pipes are mainly used for energy transmission including oil and gas transmission pipelines, deep-sea pipelines, city gas networks, petrochemicals, mining, infrastructure construction, offshore engineering, steel structures, and water utilities industries. Further, it is also involved in the development of properties for sale; and property investment activities. The group has a business presence in Mainland China and other countries, of which maximum revenue is derived from Mainland China.

Executives

Bournam Profits Limited
Chen Chang

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