Shanghai Nenghui Technology Co (SZSE:301046) Days Payable : 128.14 (As of Jun. 2024)

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What is Shanghai Nenghui Technology Co Days Payable?

Shanghai Nenghui Technology Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥436 Mil. Shanghai Nenghui Technology Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥310 Mil. Hence, Shanghai Nenghui Technology Co's Days Payable for the three months ended in Jun. 2024 was 128.14.

The historical rank and industry rank for Shanghai Nenghui Technology Co's Days Payable or its related term are showing as below:

SZSE:301046' s Days Payable Range Over the Past 10 Years
Min: 157.18 Med: 292.4 Max: 1231.28
Current: 157.18

During the past 10 years, Shanghai Nenghui Technology Co's highest Days Payable was 1231.28. The lowest was 157.18. And the median was 292.40.

SZSE:301046's Days Payable is ranked better than
69.6% of 398 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.455 vs SZSE:301046: 157.18

Shanghai Nenghui Technology Co's Days Payable declined from Jun. 2023 (255.43) to Jun. 2024 (128.14). It may suggest that Shanghai Nenghui Technology Co accelerated paying its suppliers.

Shanghai Nenghui Technology Co Days Payable Historical Data

The historical data trend for Shanghai Nenghui Technology 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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Shanghai Nenghui Technology Co Days Payable Chart

Shanghai Nenghui Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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292.40

238.80

394.57

252.15

Shanghai Nenghui Technology Co Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															255.43	137.14	230.96	163.97	128.14

Competitive Comparison of Shanghai Nenghui Technology Co's Days Payable

For the Utilities - Renewable subindustry, Shanghai Nenghui Technology 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.

Shanghai Nenghui Technology Co's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shanghai Nenghui Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Nenghui Technology Co's Days Payable falls into.

Shanghai Nenghui Technology 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.

Shanghai Nenghui Technology 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
=	( (259.755	+	370.468)	/	2 )	/	456.148	*	365
=	315.1115					/	456.148	*	365
=	252.15

Shanghai Nenghui Technology Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (360.068	+	511.451)	/	2 )	/	310.306	*	365 / 4
=	435.7595					/	310.306	*	365 / 4
=	128.14

Shanghai Nenghui Technology Co Days Payable Related Terms

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Shanghai Nenghui Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shanghai Nenghui Technology Co Ltd (SZSE:301046) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

2000 Pudong Avenue, Pilot Free Trade Zone, Room 607, Shanghai, CHN, 200136

Website

https://www.nhet.com.cn

Shanghai Nenghui Technology Co Ltd is a one-stop service for photovoltaic power generation design, system integration and investment and operation as the main body, and at the same time develops technology for integrated smart energy services such as waste pyrolysis for heat generation, energy storage microgrid and electric energy substitution.

Executives

Kong Peng Fei

Supervisors

Shanghai Nenghui Technology Co Headlines

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