Shin Shin Natural Gas Co (TPE:9918) Days Payable : 24.05 (As of Mar. 2024)

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What is Shin Shin Natural Gas Co Days Payable?

Shin Shin Natural Gas Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$120 Mil. Shin Shin Natural Gas Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$457 Mil. Hence, Shin Shin Natural Gas Co's Days Payable for the three months ended in Mar. 2024 was 24.05.

The historical rank and industry rank for Shin Shin Natural Gas Co's Days Payable or its related term are showing as below:

TPE:9918' s Days Payable Range Over the Past 10 Years
Min: 0.45 Med: 25.97 Max: 35.1
Current: 26.58

During the past 13 years, Shin Shin Natural Gas Co's highest Days Payable was 35.10. The lowest was 0.45. And the median was 25.97.

TPE:9918's Days Payable is ranked worse than
89.05% of 493 companies
in the Utilities - Regulated industry
Industry Median: 66.15 vs TPE:9918: 26.58

Shin Shin Natural Gas Co's Days Payable declined from Mar. 2023 (26.44) to Mar. 2024 (24.05). It may suggest that Shin Shin Natural Gas Co accelerated paying its suppliers.

Shin Shin Natural Gas Co Days Payable Historical Data

The historical data trend for Shin Shin Natural Gas 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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Shin Shin Natural Gas Co Days Payable Chart

Shin Shin Natural Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

34.47

35.10

34.28

32.37

32.98

Shin Shin Natural Gas 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															26.44	27.16	25.55	26.15	24.05

Competitive Comparison of Shin Shin Natural Gas Co's Days Payable

For the Utilities - Regulated Gas subindustry, Shin Shin Natural Gas 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.

Shin Shin Natural Gas Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shin Shin Natural Gas Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shin Shin Natural Gas Co's Days Payable falls into.

Shin Shin Natural Gas 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.

Shin Shin Natural Gas 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
=	( (121.666	+	125.433)	/	2 )	/	1367.465	*	365
=	123.5495					/	1367.465	*	365
=	32.98

Shin Shin Natural Gas 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
=	( (125.433	+	115.336)	/	2 )	/	456.765	*	365 / 4
=	120.3845					/	456.765	*	365 / 4
=	24.05

Shin Shin Natural Gas Co Days Payable Related Terms

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Shin Shin Natural Gas Co (TPE:9918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shin Shin Natural Gas Co Ltd (TPE:9918) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100, Section 1, Yonghe Road, Yonghe District, Taipei, TWN

Website

https://www.shinshingas.com.tw

Shin Shin Natural Gas Co Ltd is a Taiwan-based company engaged in the transmission of combustible natural gas by pipeline for non-industrial fuel supply, the installation of gas pipeline construction, and other related natural gas industry and affiliated businesses. The company mainly operates in two segments which are the Gas sales segment mainly responsible for the supply of natural gas to customers through pipelines and the Installation segment mainly responsible for the installation of natural gas transmission pipelines and gas safety equipment.

Shin Shin Natural Gas Co (TPE:9918) Headlines

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