China Clean Energy (STU:IIG) Days Payable : 15.22 (As of Sep. 2011)

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What is China Clean Energy Days Payable?

China Clean Energy's average Accounts Payable for the three months ended in Sep. 2011 was €1.72 Mil. China Clean Energy's Cost of Goods Sold for the three months ended in Sep. 2011 was €10.32 Mil. Hence, China Clean Energy's Days Payable for the three months ended in Sep. 2011 was 15.22.

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

STU:IIG's Days Payable is not ranked ^*
in the Chemicals industry.
Industry Median: 60.59
* Ranked among companies with meaningful Days Payable only.

China Clean Energy's Days Payable increased from Sep. 2010 (12.42) to Sep. 2011 (15.22). It may suggest that China Clean Energy delayed paying its suppliers.

China Clean Energy Days Payable Historical Data

The historical data trend for China Clean Energy'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.

China Clean Energy Days Payable Chart

China Clean Energy Annual Data

Trend

Jun05

Jun06

Dec07

Dec08

Dec09

Dec10

Days Payable

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1.82

6.27

7.54

6.02

China Clean Energy Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Days Payable	Get a 7-Day Free Trial															12.42	9.83	10.74	13.71	15.22

Competitive Comparison of China Clean Energy's Days Payable

For the Specialty Chemicals subindustry, China Clean Energy'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.

China Clean Energy's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Clean Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where China Clean Energy's Days Payable falls into.

China Clean Energy 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.

China Clean Energy's Days Payable for the fiscal year that ended in Dec. 2010 is calculated as

	Days Payable (A: Dec. 2010 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2009 )	+	Accounts Payable (A: Dec. 2010 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2010 )	*	Days in Period
=	( (0.108	+	1.058)	/	2 )	/	35.33	*	365
=	0.583					/	35.33	*	365
=	6.02

China Clean Energy's Days Payable for the quarter that ended in Sep. 2011 is calculated as:

	Days Payable (Q: Sep. 2011 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2011 )	+	Accounts Payable (Q: Sep. 2011 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2011 )	*	Days in Period
=	( (1.766	+	1.677)	/	2 )	/	10.319	*	365 / 4
=	1.7215					/	10.319	*	365 / 4
=	15.22

China Clean Energy Days Payable Related Terms

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China Clean Energy (STU:IIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Clean Energy Inc (STU:IIG) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Jiangyin Industrial Zone, Jiangyin Town, Fuqing, Fujian Province, CHN, 350309

Website

http://www.chinacleanenergyinc.com

China Clean Energy Inc operates inchemical industry. Thre company engages in the development, manufacturing and distribution of biodiesel and chemical products made from renewable resources.

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