Canvest Environmental Protection Group Co (HKSE:01381) Days Payable : 65.41 (As of Dec. 2023)

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What is Canvest Environmental Protection Group Co Days Payable?

Canvest Environmental Protection Group Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$377 Mil. Canvest Environmental Protection Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,053 Mil. Hence, Canvest Environmental Protection Group Co's Days Payable for the six months ended in Dec. 2023 was 65.41.

The historical rank and industry rank for Canvest Environmental Protection Group Co's Days Payable or its related term are showing as below:

HKSE:01381' s Days Payable Range Over the Past 10 Years
Min: 17.42 Med: 19.14 Max: 45.28
Current: 45.28

During the past 13 years, Canvest Environmental Protection Group Co's highest Days Payable was 45.28. The lowest was 17.42. And the median was 19.14.

HKSE:01381's Days Payable is ranked worse than
66.81% of 226 companies
in the Waste Management industry
Industry Median: 72.98 vs HKSE:01381: 45.28

Canvest Environmental Protection Group Co's Days Payable increased from Dec. 2022 (20.63) to Dec. 2023 (65.41). It may suggest that Canvest Environmental Protection Group Co delayed paying its suppliers.

Canvest Environmental Protection Group Co Days Payable Historical Data

The historical data trend for Canvest Environmental Protection Group 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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Canvest Environmental Protection Group Co Days Payable Chart

Canvest Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.96

18.01

17.42

18.71

45.04

Canvest Environmental Protection Group Co 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															14.08	18.53	20.63	33.99	65.41

Competitive Comparison of Canvest Environmental Protection Group Co's Days Payable

For the Waste Management subindustry, Canvest Environmental Protection Group 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.

Canvest Environmental Protection Group Co's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Canvest Environmental Protection Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Canvest Environmental Protection Group Co's Days Payable falls into.

Canvest Environmental Protection Group 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.

Canvest Environmental Protection Group 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
=	( (324.751	+	391.111)	/	2 )	/	2900.661	*	365
=	357.931					/	2900.661	*	365
=	45.04

Canvest Environmental Protection Group Co'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
=	( (363.628	+	391.111)	/	2 )	/	1052.843	*	365 / 2
=	377.3695					/	1052.843	*	365 / 2
=	65.41

Canvest Environmental Protection Group Co Days Payable Related Terms

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Canvest Environmental Protection Group Co (HKSE:01381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canvest Environmental Protection Group Co Ltd (HKSE:01381) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0XC:Germany

Address

2 San Yuan Road, Level 24, Canvest Tower, Nan Cheng District, Guangdong, Dongguan, CHN

Website

http://www.canvestenvironment.com

Canvest Environmental Protection Group Co Ltd develops and operates waste-to-energy plants. Incineration systems and technologies help treat waste and process components into energy. The company sells energy to clients, and continues to monitor applications and work toward reducing emissions of carbon dioxide. Revenues can be broken down into four business areas: Power sales, Waste treatment fees, Construction, and Finance income. It treats various types of waste, including sludge, ash from incineration systems, industrial sold waste, and wastewater. The majority of the company's revenue and assets are generated and located in China.

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