Binhai Investment Co (HKSE:02886) Days Payable : 75.22 (As of Dec. 2023)

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What is Binhai Investment Co Days Payable?

Binhai Investment Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,205 Mil. Binhai Investment Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,923 Mil. Hence, Binhai Investment Co's Days Payable for the six months ended in Dec. 2023 was 75.22.

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

HKSE:02886' s Days Payable Range Over the Past 10 Years
Min: 53.69 Med: 74.9 Max: 140.51
Current: 79.38

During the past 13 years, Binhai Investment Co's highest Days Payable was 140.51. The lowest was 53.69. And the median was 74.90.

HKSE:02886's Days Payable is ranked better than
60.53% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.385 vs HKSE:02886: 79.38

Binhai Investment Co's Days Payable declined from Dec. 2022 (84.09) to Dec. 2023 (75.22). It may suggest that Binhai Investment Co accelerated paying its suppliers.

Binhai Investment Co Days Payable Historical Data

The historical data trend for Binhai Investment 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.

* Premium members only.

Binhai Investment Co Days Payable Chart

Binhai Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.68

129.42

140.51

94.25

84.07

Binhai Investment 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															133.06	96.29	84.09	78.98	75.22

Competitive Comparison of Binhai Investment Co's Days Payable

For the Utilities - Regulated Gas subindustry, Binhai Investment 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.

Binhai Investment Co's Days Payable Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Binhai Investment Co's Days Payable falls into.

Binhai Investment 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.

Binhai Investment 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
=	( (1282.003	+	1324.393)	/	2 )	/	5657.702	*	365
=	1303.198					/	5657.702	*	365
=	84.07

Binhai Investment 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
=	( (1085.067	+	1324.393)	/	2 )	/	2922.814	*	365 / 2
=	1204.73					/	2922.814	*	365 / 2
=	75.22

Binhai Investment Co Days Payable Related Terms

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Binhai Investment Co (HKSE:02886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Binhai Investment Co Ltd (HKSE:02886) » Definitions » Days Payable

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Traded in Other Exchanges

WS7A:Germany

Address

1 Matheson Street, Causeway Bay, Suites 3205-07, 32nd Floor, Tower Two, Times Square, Hong Kong, HKG

Website

https://www.binhaiinv.com

Binhai Investment Co Ltd is an investment holding company engaged in the sales of piped natural gas, construction, and gas pipeline installation service, gas passing through service, and sales of bottled natural gas. It derives a majority of its revenue from construction, and gas pipeline installation services in which the group constructs gas pipelines for its clients and connects such pipelines to the group's main gas pipeline networks and charges construction and gas pipeline installation service fees from industrial and commercial customers, property developers and property management companies.

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