Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) Days Payable : 26.72 (As of Mar. 2024)

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What is Tongyi Carbon Neutral Energy (Xinjiang) Co Days Payable?

Tongyi Carbon Neutral Energy (Xinjiang) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥177 Mil. Tongyi Carbon Neutral Energy (Xinjiang) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥605 Mil. Hence, Tongyi Carbon Neutral Energy (Xinjiang) Co's Days Payable for the three months ended in Mar. 2024 was 26.72.

The historical rank and industry rank for Tongyi Carbon Neutral Energy (Xinjiang) Co's Days Payable or its related term are showing as below:

SHSE:600506' s Days Payable Range Over the Past 10 Years
Min: 0.05 Med: 15.7 Max: 193.05
Current: 32.53

During the past 13 years, Tongyi Carbon Neutral Energy (Xinjiang) Co's highest Days Payable was 193.05. The lowest was 0.05. And the median was 15.70.

SHSE:600506's Days Payable is ranked worse than
68.29% of 1791 companies
in the Consumer Packaged Goods industry
Industry Median: 46.12 vs SHSE:600506: 32.53

Tongyi Carbon Neutral Energy (Xinjiang) Co's Days Payable increased from Mar. 2023 (21.74) to Mar. 2024 (26.72). It may suggest that Tongyi Carbon Neutral Energy (Xinjiang) Co delayed paying its suppliers.

Tongyi Carbon Neutral Energy (Xinjiang) Co Days Payable Historical Data

The historical data trend for Tongyi Carbon Neutral Energy (Xinjiang) 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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Tongyi Carbon Neutral Energy (Xinjiang) Co Days Payable Chart

Tongyi Carbon Neutral Energy (Xinjiang) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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193.05

27.70

21.66

Tongyi Carbon Neutral Energy (Xinjiang) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															21.74	33.07	30.50	35.79	26.72

Competitive Comparison of Tongyi Carbon Neutral Energy (Xinjiang) Co's Days Payable

For the Farm Products subindustry, Tongyi Carbon Neutral Energy (Xinjiang) 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.

Tongyi Carbon Neutral Energy (Xinjiang) Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tongyi Carbon Neutral Energy (Xinjiang) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tongyi Carbon Neutral Energy (Xinjiang) Co's Days Payable falls into.

Tongyi Carbon Neutral Energy (Xinjiang) 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.

Tongyi Carbon Neutral Energy (Xinjiang) 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
=	( (87.357	+	133.659)	/	2 )	/	1862.611	*	365
=	110.508					/	1862.611	*	365
=	21.66

Tongyi Carbon Neutral Energy (Xinjiang) Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (133.659	+	220.694)	/	2 )	/	605.14	*	365 / 4
=	177.1765					/	605.14	*	365 / 4
=	26.72

Tongyi Carbon Neutral Energy (Xinjiang) Co Days Payable Related Terms

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Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tongyi Carbon Neutral Energy (Xinjiang) Co Ltd (SHSE:600506) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Shengguo Mingyuan, Shengguo Road, Xinjiang, Ku'erle, CHN, 841000

Website

http://www.xjxlgf.com.cn

Tongyi Carbon Neutral Energy (Xinjiang) Co Ltd formerly Xinjiang Koerle Pear Co Ltd is an orchard planting company. It produces korla pear and ratafee.

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