Shuifa Energas Gas Co (SHSE:603318) Days Payable : 29.04 (As of Sep. 2024)

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What is Shuifa Energas Gas Co Days Payable?

Shuifa Energas Gas Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥176 Mil. Shuifa Energas Gas Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥552 Mil. Hence, Shuifa Energas Gas Co's Days Payable for the three months ended in Sep. 2024 was 29.04.

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

SHSE:603318' s Days Payable Range Over the Past 10 Years
Min: 32.79 Med: 166.25 Max: 393.16
Current: 32.79

During the past 13 years, Shuifa Energas Gas Co's highest Days Payable was 393.16. The lowest was 32.79. And the median was 166.25.

SHSE:603318's Days Payable is ranked worse than
73.04% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs SHSE:603318: 32.79

Shuifa Energas Gas Co's Days Payable declined from Sep. 2023 (31.66) to Sep. 2024 (29.04). It may suggest that Shuifa Energas Gas Co accelerated paying its suppliers.

Shuifa Energas Gas Co Days Payable Historical Data

The historical data trend for Shuifa Energas Gas 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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Shuifa Energas Gas Co Days Payable Chart

Shuifa Energas Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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341.72

67.32

34.45

35.09

34.79

Shuifa Energas Gas 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															31.66	30.09	35.68	34.85	29.04

Competitive Comparison of Shuifa Energas Gas Co's Days Payable

For the Oil & Gas Equipment & Services subindustry, Shuifa Energas Gas 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.

Shuifa Energas Gas Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shuifa Energas Gas Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shuifa Energas Gas Co's Days Payable falls into.

Shuifa Energas Gas 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.

Shuifa Energas Gas 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
=	( (306.693	+	210.942)	/	2 )	/	2715.332	*	365
=	258.8175					/	2715.332	*	365
=	34.79

Shuifa Energas Gas 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
=	( (160.058	+	191.518)	/	2 )	/	552.318	*	365 / 4
=	175.788					/	552.318	*	365 / 4
=	29.04

Shuifa Energas Gas Co Days Payable Related Terms

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Shuifa Energas Gas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shuifa Energas Gas Co Ltd (SHSE:603318) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.73, Zhenpeng Industrial City, Economic and Technological Development Zone, Liaoning Province, Dalian, CHN, 250100

Website

http://www.energas.cn

Shuifa Energas Gas Co Ltd formerly Dalian Energas Gas-System Co Ltd is engaged in the design, production, sales, and services of related products in the field of gas transmission and distribution and gas applications. The products and services of the company include gas transmission and distribution systems which include pressure regulating stations, long-distance pipelines, and distribution system equipment, gas application systems which include gas turbine auxiliary equipment, gas turbine MSD pipelines, and steam turbine steam seal pipelines, and spare parts.

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