Tianjin Binhai Energy & Development Co (SZSE:000695) Days Payable : 261.05 (As of Mar. 2024)

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What is Tianjin Binhai Energy & Development Co Days Payable?

Tianjin Binhai Energy & Development Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥285.0 Mil. Tianjin Binhai Energy & Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥99.6 Mil. Hence, Tianjin Binhai Energy & Development Co's Days Payable for the three months ended in Mar. 2024 was 261.05.

The historical rank and industry rank for Tianjin Binhai Energy & Development Co's Days Payable or its related term are showing as below:

SZSE:000695' s Days Payable Range Over the Past 10 Years
Min: 103.61 Med: 139.53 Max: 237.19
Current: 194.45

During the past 13 years, Tianjin Binhai Energy & Development Co's highest Days Payable was 237.19. The lowest was 103.61. And the median was 139.53.

SZSE:000695's Days Payable is ranked better than
83.17% of 499 companies
in the Utilities - Regulated industry
Industry Median: 66.38 vs SZSE:000695: 194.45

Tianjin Binhai Energy & Development Co's Days Payable increased from Mar. 2023 (113.08) to Mar. 2024 (261.05). It may suggest that Tianjin Binhai Energy & Development Co delayed paying its suppliers.

Tianjin Binhai Energy & Development Co Days Payable Historical Data

The historical data trend for Tianjin Binhai Energy & Development 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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Tianjin Binhai Energy & Development Co Days Payable Chart

Tianjin Binhai Energy & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

138.65

135.45

159.29

185.07

237.19

Tianjin Binhai Energy & Development Co 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															113.08	491.47	321.55	96.68	261.05

Competitive Comparison of Tianjin Binhai Energy & Development Co's Days Payable

For the Utilities - Regulated Electric subindustry, Tianjin Binhai Energy & Development 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.

Tianjin Binhai Energy & Development Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tianjin Binhai Energy & Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianjin Binhai Energy & Development Co's Days Payable falls into.

Tianjin Binhai Energy & Development 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.

Tianjin Binhai Energy & Development 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
=	( (194.348	+	238.087)	/	2 )	/	332.721	*	365
=	216.2175					/	332.721	*	365
=	237.19

Tianjin Binhai Energy & Development 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
=	( (238.087	+	331.93)	/	2 )	/	99.625	*	365 / 4
=	285.0085					/	99.625	*	365 / 4
=	261.05

Tianjin Binhai Energy & Development Co Days Payable Related Terms

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Tianjin Binhai Energy & Development Co (SZSE:000695) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tianjin Binhai Energy & Development Co Ltd (SZSE:000695) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, 11th Street, Development Zone, Tianjin, CHN, 300457

Website

http://www.binhaienergy.com

Tianjin Binhai Energy & Development Co Ltd specializes in the generation and supply of electric power, steam and hot water, production and maintenance of engineering equipment and accessories, and the manufacture of ash bricks.

Executives

Xie Peng	Executives
Zhang Yun Feng	Supervisors
Fan Deng Yi	Independent director

Tianjin Binhai Energy & Development Co (SZSE:000695) Headlines

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