Top Energy Co shanxi (SHSE:600780) Days Payable : 39.11 (As of Sep. 2024)

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What is Top Energy Co shanxi Days Payable?

Top Energy Co shanxi's average Accounts Payable for the three months ended in Sep. 2024 was ¥1,013 Mil. Top Energy Co shanxi's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥2,363 Mil. Hence, Top Energy Co shanxi's Days Payable for the three months ended in Sep. 2024 was 39.11.

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

SHSE:600780' s Days Payable Range Over the Past 10 Years
Min: 29.82 Med: 56.32 Max: 82.76
Current: 37.54

During the past 13 years, Top Energy Co shanxi's highest Days Payable was 82.76. The lowest was 29.82. And the median was 56.32.

SHSE:600780's Days Payable is ranked worse than
77.94% of 485 companies
in the Utilities - Regulated industry
Industry Median: 68.21 vs SHSE:600780: 37.54

Top Energy Co shanxi's Days Payable increased from Sep. 2023 (36.69) to Sep. 2024 (39.11). It may suggest that Top Energy Co shanxi delayed paying its suppliers.

Top Energy Co shanxi Days Payable Historical Data

The historical data trend for Top Energy Co shanxi'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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Top Energy Co shanxi Days Payable Chart

Top Energy Co shanxi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.97

30.47

29.82

40.23

48.11

Top Energy Co shanxi 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															36.69	36.56	35.55	40.41	39.11

Competitive Comparison of Top Energy Co shanxi's Days Payable

For the Utilities - Regulated Electric subindustry, Top Energy Co shanxi'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.

Top Energy Co shanxi's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Top Energy Co shanxi's Days Payable distribution charts can be found below:

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

Top Energy Co shanxi 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.

Top Energy Co shanxi'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
=	( (1510.076	+	1076.266)	/	2 )	/	9811.265	*	365
=	1293.171					/	9811.265	*	365
=	48.11

Top Energy Co shanxi'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
=	( (1008.5	+	1016.671)	/	2 )	/	2362.585	*	365 / 4
=	1012.5855					/	2362.585	*	365 / 4
=	39.11

Top Energy Co shanxi Days Payable Related Terms

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Top Energy Co shanxi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Top Energy Co Ltd shanxi (SHSE:600780) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 272 Changzhi Road, Shanxi Province, Taiyuan, CHN, 030006

Website

http://www.600780.net

Top Energy Co Ltd shanxi is a Chinese company engaged in the generation of thermal electric power and heat. Its main distribution market is Shanxi province, China.

Executives

Liu Hui Cheng

Director

Top Energy Co shanxi Headlines

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