NOEC (New Oriental Energy & Chemical) Days Payable: 382.83 (As of Dec. 2010)


What is New Oriental Energy & Chemical Days Payable?

New Oriental Energy & Chemical NOEC -99.00% Days Payable is 382.83 as of Dec. 2010.

New Oriental Energy & Chemical's average Accounts Payable for the three months ended in Dec. 2010 was $8.02 Mil. New Oriental Energy & Chemical's Cost of Goods Sold for the three months ended in Dec. 2010 was $1.91 Mil. Hence, New Oriental Energy & Chemical's Days Payable for the three months ended in Dec. 2010 was 382.83.

The historical rank and industry rank for New Oriental Energy & Chemical's Days Payable or its related term are showing as below:

NOEC's Days Payable is not ranked *
in the Agriculture industry.
Industry Median: 72.7
* Ranked among companies with meaningful Days Payable only.

New Oriental Energy & Chemical's Days Payable increased from Dec. 2009 (82.70) to Dec. 2010 (382.83). It may suggest that New Oriental Energy & Chemical delayed paying its suppliers.

New Oriental Energy & Chemical Days Payable Historical Data

* Premium members only.

The historical data trend for New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical Days Payable Chart

New Oriental Energy & Chemical Annual Data
Trend Dec05 Mar07 Mar08 Mar09 Mar10
Days Payable
0.00 12.61 12.55 38.34 88.14

New Oriental Energy & Chemical Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
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 82.70 72.54 54.20 463.00 382.83

NOEC vs RTKHQ, LBTD, CVAT: Days Payable Comparison

For the Agricultural Inputs subindustry, New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical Days Payable vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, New Oriental Energy & Chemical's Days Payable distribution charts can be found below:

* The bar in red indicates where New Oriental Energy & Chemical's Days Payable falls into.


New Oriental Energy & Chemical 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.

New Oriental Energy & Chemical's Days Payable for the fiscal year that ended in Mar. 2010 is calculated as

Days Payable (A: Mar. 2010 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2009 ) + Accounts Payable (A: Mar. 2010 )) / count ) / Cost of Goods Sold (A: Mar. 2010 )*Days in Period
=( (9.697 + 8.673) / 2 ) / 38.037*365
=9.185 / 38.037*365
=88.14

New Oriental Energy & Chemical's Days Payable for the quarter that ended in Dec. 2010 is calculated as:

Days Payable (Q: Dec. 2010 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2010 ) + Accounts Payable (Q: Dec. 2010 )) / count ) / Cost of Goods Sold (Q: Dec. 2010 )*Days in Period
=( (8.391 + 7.652) / 2 ) / 1.912*365 / 4
=8.0215 / 1.912*365 / 4
=382.83

* 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 382.83 mean?
New Oriental Energy & Chemical (NOEC) has a Days Payable of 382.83 as of Dec. 2010. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on New Oriental Energy & Chemical and its competitors.
Is New Oriental Energy & Chemical's Days Payable too high?
New Oriental Energy & Chemical's current Days Payable is 382.83. The Agriculture industry median Days Payable is 72.70. New Oriental Energy & Chemical's value of 382.83 is 426.6% above this industry median.
How does New Oriental Energy & Chemical's Days Payable compare to RTKHQ and LBTD?
New Oriental Energy & Chemical's Days Payable of 382.83 can be compared against companies in the Agriculture industry. The industry median Days Payable is 72.70. New Oriental Energy & Chemical's value of 382.83 is 426.6% 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 Agriculture company?
The median Days Payable among Agriculture companies is 72.70, based on 246 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. New Oriental Energy & Chemical's current Days Payable of 382.83 is 426.6% 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 New Oriental Energy & Chemical and its competitors. For the Agriculture industry, the median Days Payable is 72.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Oriental Energy & Chemical's current Days Payable is 382.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Oriental Energy & Chemical stock overvalued right now?
New Oriental Energy & Chemical (NOEC) has a current Days Payable of 382.83. The current Days Payable is 382.83 and 426.6% above the Agriculture industry median of 72.70. 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 New Oriental Energy & Chemical (NOEC), the current Days Payable is 382.83 as of Dec. 2010. 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.

New Oriental Energy & Chemical Business Description

Address Xicheng Industrial Zone of Luoshan, Xinyang, Henan Province, CHN, 464200
New Oriental Energy & Chemical Corporation, through its subsidiary, is engaged in the manufacture and distribution of fertilizer and chemical products in the People's Republic of China.