Huaihe Energy (Group) Co (SHSE:600575) Days Payable : 40.15 (As of Mar. 2024)

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What is Huaihe Energy (Group) Co Days Payable?

Huaihe Energy (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,951 Mil. Huaihe Energy (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6,707 Mil. Hence, Huaihe Energy (Group) Co's Days Payable for the three months ended in Mar. 2024 was 40.15.

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

SHSE:600575' s Days Payable Range Over the Past 10 Years
Min: 26.41 Med: 36.76 Max: 141.26
Current: 28.76

During the past 13 years, Huaihe Energy (Group) Co's highest Days Payable was 141.26. The lowest was 26.41. And the median was 36.76.

SHSE:600575's Days Payable is ranked worse than
66.77% of 930 companies
in the Transportation industry
Industry Median: 39.39 vs SHSE:600575: 28.76

Huaihe Energy (Group) Co's Days Payable increased from Mar. 2023 (27.44) to Mar. 2024 (40.15). It may suggest that Huaihe Energy (Group) Co delayed paying its suppliers.

Huaihe Energy (Group) Co Days Payable Historical Data

The historical data trend for Huaihe Energy (Group) 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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Huaihe Energy (Group) Co Days Payable Chart

Huaihe Energy (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

28.97

37.88

26.41

26.48

35.63

Huaihe Energy (Group) 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															27.44	21.18	24.05	28.06	40.15

Competitive Comparison of Huaihe Energy (Group) Co's Days Payable

For the Integrated Freight & Logistics subindustry, Huaihe Energy (Group) 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.

Huaihe Energy (Group) Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Huaihe Energy (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Huaihe Energy (Group) Co's Days Payable falls into.

Huaihe Energy (Group) 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.

Huaihe Energy (Group) 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
=	( (2027.941	+	2974.774)	/	2 )	/	25627.896	*	365
=	2501.3575					/	25627.896	*	365
=	35.63

Huaihe Energy (Group) 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
=	( (2974.774	+	2927.624)	/	2 )	/	6706.809	*	365 / 4
=	2951.199					/	6706.809	*	365 / 4
=	40.15

Huaihe Energy (Group) Co Days Payable Related Terms

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Huaihe Energy (Group) Co (SHSE:600575) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Huaihe Energy (Group) Co Ltd (SHSE:600575) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yuexiu Road, Building 2, North Shore Water Shore, Wuhu Economic and Technological Development Zone, Wuhu, CHN, 241006

Website

http://www.wuhuport.com

Huaihe Energy (Group) Co Ltd is engaged in cargo handling, storage, international container loading and unloading, logistics and distribution, multimodal transport, port management and the goods transfer service.

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