Zhongyu Energy Holdings (FRA:MJVC) Days Payable : 49.72 (As of Dec. 2023)

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What is Zhongyu Energy Holdings Days Payable?

Zhongyu Energy Holdings's average Accounts Payable for the six months ended in Dec. 2023 was €190 Mil. Zhongyu Energy Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €698 Mil. Hence, Zhongyu Energy Holdings's Days Payable for the six months ended in Dec. 2023 was 49.72.

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

FRA:MJVC' s Days Payable Range Over the Past 10 Years
Min: 46.78 Med: 66.76 Max: 85.82
Current: 50.97

During the past 13 years, Zhongyu Energy Holdings's highest Days Payable was 85.82. The lowest was 46.78. And the median was 66.76.

FRA:MJVC's Days Payable is ranked worse than
62.68% of 493 companies
in the Utilities - Regulated industry
Industry Median: 66.15 vs FRA:MJVC: 50.97

Zhongyu Energy Holdings's Days Payable declined from Dec. 2022 (53.71) to Dec. 2023 (49.72). It may suggest that Zhongyu Energy Holdings accelerated paying its suppliers.

Zhongyu Energy Holdings Days Payable Historical Data

The historical data trend for Zhongyu Energy Holdings'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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Zhongyu Energy Holdings Days Payable Chart

Zhongyu Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.13

88.77

69.55

54.64

52.11

Zhongyu Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															65.54	54.59	53.71	52.84	49.72

Competitive Comparison of Zhongyu Energy Holdings's Days Payable

For the Utilities - Regulated Gas subindustry, Zhongyu Energy Holdings'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.

Zhongyu Energy Holdings's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Zhongyu Energy Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhongyu Energy Holdings's Days Payable falls into.

Zhongyu Energy Holdings 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.

Zhongyu Energy Holdings'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
=	( (204.123	+	189.236)	/	2 )	/	1377.498	*	365
=	196.6795					/	1377.498	*	365
=	52.11

Zhongyu Energy Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (190.907	+	189.236)	/	2 )	/	697.681	*	365 / 2
=	190.0715					/	697.681	*	365 / 2
=	49.72

Zhongyu Energy Holdings Days Payable Related Terms

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Zhongyu Energy Holdings (FRA:MJVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhongyu Energy Holdings Ltd (FRA:MJVC) » Definitions » Days Payable

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03633:Hong Kong

Address

27th Floor, Building B, Meilin Center Square, South Plaza, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.zhongyuenergy.com

Zhongyu Energy Holdings Ltd is mainly engaged in the sales of piped gas. Its business segments include sales of gas; gas pipeline construction; value-added services (including sales of stoves and provision of other related services); operation of CNG/LNG vehicle filling stations; and smart energy. The majority of revenue is derived from the sale of gas segment.

Zhongyu Energy Holdings (FRA:MJVC) Headlines

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