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Zhejiang Xinzhonggang Thermal Power Co (SHSE:605162) Days Payable : 25.79 (As of Mar. 2024)


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What is Zhejiang Xinzhonggang Thermal Power Co Days Payable?

Zhejiang Xinzhonggang Thermal Power Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥46.0 Mil. Zhejiang Xinzhonggang Thermal Power Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥162.9 Mil. Hence, Zhejiang Xinzhonggang Thermal Power Co's Days Payable for the three months ended in Mar. 2024 was 25.79.

The historical rank and industry rank for Zhejiang Xinzhonggang Thermal Power Co's Days Payable or its related term are showing as below:

SHSE:605162' s Days Payable Range Over the Past 10 Years
Min: 10.82   Med: 25.26   Max: 30.82
Current: 20.75

During the past 8 years, Zhejiang Xinzhonggang Thermal Power Co's highest Days Payable was 30.82. The lowest was 10.82. And the median was 25.26.

SHSE:605162's Days Payable is ranked worse than
87.4% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 77.3 vs SHSE:605162: 20.75

Zhejiang Xinzhonggang Thermal Power Co's Days Payable increased from Mar. 2023 (20.60) to Mar. 2024 (25.79). It may suggest that Zhejiang Xinzhonggang Thermal Power Co delayed paying its suppliers.


Zhejiang Xinzhonggang Thermal Power Co Days Payable Historical Data

The historical data trend for Zhejiang Xinzhonggang Thermal Power 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.

* Premium members only.

Zhejiang Xinzhonggang Thermal Power Co Days Payable Chart

Zhejiang Xinzhonggang Thermal Power Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 19.69 30.82 29.60 27.55 25.26

Zhejiang Xinzhonggang Thermal Power Co Quarterly Data
Dec16 Dec17 Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.60 16.24 22.48 23.01 25.79

Competitive Comparison of Zhejiang Xinzhonggang Thermal Power Co's Days Payable

For the Utilities - Renewable subindustry, Zhejiang Xinzhonggang Thermal Power 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.


Zhejiang Xinzhonggang Thermal Power Co's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Zhejiang Xinzhonggang Thermal Power Co's Days Payable falls into.



Zhejiang Xinzhonggang Thermal Power 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.

Zhejiang Xinzhonggang Thermal Power 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
=( (45.015 + 55.794) / 2 ) / 728.434*365
=50.4045 / 728.434*365
=25.26

Zhejiang Xinzhonggang Thermal Power 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
=( (55.794 + 36.264) / 2 ) / 162.868*365 / 4
=46.029 / 162.868*365 / 4
=25.79

* 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.


Zhejiang Xinzhonggang Thermal Power Co Days Payable Related Terms

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Zhejiang Xinzhonggang Thermal Power Co (SHSE:605162) Business Description

Traded in Other Exchanges
N/A
Address
No. 28, Luodong Road, Yanhu Street, Zhejiang Province, Shengzhou, CHN, 312400
Website
Zhejiang Xinzhonggang Thermal Power Co Ltd is engaged in the production and supply of thermal products and power products.

Zhejiang Xinzhonggang Thermal Power Co (SHSE:605162) Headlines

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