Jointo Energy Investment Co Hebei (SZSE:000600) Days Payable : 41.68 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Jointo Energy Investment Co Hebei Days Payable?

Jointo Energy Investment Co Hebei's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,642 Mil. Jointo Energy Investment Co Hebei's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,785 Mil. Hence, Jointo Energy Investment Co Hebei's Days Payable for the three months ended in Mar. 2024 was 41.68.

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

SZSE:000600' s Days Payable Range Over the Past 10 Years
Min: 44.5 Med: 64.58 Max: 136.26
Current: 44.5

During the past 13 years, Jointo Energy Investment Co Hebei's highest Days Payable was 136.26. The lowest was 44.50. And the median was 64.58.

SZSE:000600's Days Payable is ranked worse than
68.97% of 493 companies
in the Utilities - Regulated industry
Industry Median: 66.15 vs SZSE:000600: 44.50

Jointo Energy Investment Co Hebei's Days Payable declined from Mar. 2023 (43.04) to Mar. 2024 (41.68). It may suggest that Jointo Energy Investment Co Hebei accelerated paying its suppliers.

Jointo Energy Investment Co Hebei Days Payable Historical Data

The historical data trend for Jointo Energy Investment Co Hebei'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.

Jointo Energy Investment Co Hebei Days Payable Chart

Jointo Energy Investment Co Hebei Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

63.20

62.58

54.29

55.35

55.32

Jointo Energy Investment Co Hebei 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															43.04	56.65	38.12	38.57	41.68

Competitive Comparison of Jointo Energy Investment Co Hebei's Days Payable

For the Utilities - Regulated Electric subindustry, Jointo Energy Investment Co Hebei'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.

Jointo Energy Investment Co Hebei's Days Payable Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Jointo Energy Investment Co Hebei's Days Payable falls into.

Jointo Energy Investment Co Hebei 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.

Jointo Energy Investment Co Hebei'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
=	( (2460.577	+	2604.529)	/	2 )	/	16711.157	*	365
=	2532.553					/	16711.157	*	365
=	55.32

Jointo Energy Investment Co Hebei'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
=	( (2604.529	+	2680.031)	/	2 )	/	5784.816	*	365 / 4
=	2642.28					/	5784.816	*	365 / 4
=	41.68

Jointo Energy Investment Co Hebei Days Payable Related Terms

Thank you for viewing the detailed overview of Jointo Energy Investment Co Hebei's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Jointo Energy Investment Co Hebei (SZSE:000600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Jointo Energy Investment Co Ltd Hebei (SZSE:000600) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Yuhua West Road, Yuyuan Plaza, Block A, 17th Floor, Hebei, Shijiazhuang, CHN, 050051

Website

http://www.jei.com.cn

Jointo Energy Investment Co Ltd Hebei is engaged in the investment, construction, management, and energy production of energy projects.

Executives

Liu Hong	Executives
Mi Da Bin	Director
Wang Ting Liang	Director
Bai Zhi Jun	Executives
Dan Qun Ying	Director
Wang Yong Zhong	Director

Jointo Energy Investment Co Hebei (SZSE:000600) Headlines

No Headlines