Zhongmin Energy Co (SHSE:600163) Days Payable : 455.55 (As of Sep. 2024)

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What is Zhongmin Energy Co Days Payable?

Zhongmin Energy Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥833 Mil. Zhongmin Energy Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥167 Mil. Hence, Zhongmin Energy Co's Days Payable for the three months ended in Sep. 2024 was 455.55.

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

SHSE:600163' s Days Payable Range Over the Past 10 Years
Min: 71.56 Med: 408.22 Max: 1271.19
Current: 425.16

During the past 13 years, Zhongmin Energy Co's highest Days Payable was 1271.19. The lowest was 71.56. And the median was 408.22.

SHSE:600163's Days Payable is ranked better than
87.96% of 382 companies
in the Utilities - Independent Power Producers industry
Industry Median: 82.855 vs SHSE:600163: 425.16

Zhongmin Energy Co's Days Payable declined from Sep. 2023 (465.88) to Sep. 2024 (455.55). It may suggest that Zhongmin Energy Co accelerated paying its suppliers.

Zhongmin Energy Co Days Payable Historical Data

The historical data trend for Zhongmin Energy Co'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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Zhongmin Energy Co Days Payable Chart

Zhongmin Energy Co Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec20

Dec21

Dec22

Dec23

Days Payable

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950.71

1,271.19

799.60

523.55

441.73

Zhongmin Energy Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															465.88	346.29	464.81	466.41	455.55

Competitive Comparison of Zhongmin Energy Co's Days Payable

For the Utilities - Renewable subindustry, Zhongmin Energy Co'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.

Zhongmin Energy Co's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Zhongmin Energy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhongmin Energy Co's Days Payable falls into.

Zhongmin Energy Co 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.

Zhongmin Energy Co'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
=	( (935.776	+	879.945)	/	2 )	/	750.154	*	365
=	907.8605					/	750.154	*	365
=	441.73

Zhongmin Energy Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (836.579	+	828.444)	/	2 )	/	166.758	*	365 / 4
=	832.5115					/	166.758	*	365 / 4
=	455.55

Zhongmin Energy Co Days Payable Related Terms

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Zhongmin Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Zhongmin Energy Co Ltd (SHSE:600163) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 210, Wusi Road, 22nd Floor, International Building, Fujian Province, Fuzhou, CHN, 3500003

Website

http://www.zhongminenergy.com

Zhongmin Energy Co Ltd focuses on the development and construction of power generation projects in China. The company's business scope comprises of wind power generation, investment in the energy industry, power production, electrical installation, engineering consulting, construction materials, sales of mechanical and electrical equipment, machinery and equipment rental. It is mainly focused on the development and construction of wind, solar and other clean energy sources.

Executives

Tang Hui	Director
Chen You Si	Supervisors
Wen Tian Gen	Supervisors
Huang Guo Ying	Director
Wang Tian Shou	Supervisors
Lin Xiao Bang	Director
Tang Fu Min	Director
Chen Shou Qin	Director

Zhongmin Energy Co Headlines

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