Jiangxi Hongcheng Environment Co (SHSE:600461) Days Payable : 192.15 (As of Mar. 2024)

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What is Jiangxi Hongcheng Environment Co Days Payable?

Jiangxi Hongcheng Environment Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,215 Mil. Jiangxi Hongcheng Environment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,527 Mil. Hence, Jiangxi Hongcheng Environment Co's Days Payable for the three months ended in Mar. 2024 was 192.15.

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

SHSE:600461' s Days Payable Range Over the Past 10 Years
Min: 89.41 Med: 129.3 Max: 217.68
Current: 207.93

During the past 13 years, Jiangxi Hongcheng Environment Co's highest Days Payable was 217.68. The lowest was 89.41. And the median was 129.30.

SHSE:600461's Days Payable is ranked better than
84.82% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.385 vs SHSE:600461: 207.93

Jiangxi Hongcheng Environment Co's Days Payable declined from Mar. 2023 (194.36) to Mar. 2024 (192.15). It may suggest that Jiangxi Hongcheng Environment Co accelerated paying its suppliers.

Jiangxi Hongcheng Environment Co Days Payable Historical Data

The historical data trend for Jiangxi Hongcheng Environment 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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Jiangxi Hongcheng Environment Co Days Payable Chart

Jiangxi Hongcheng Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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114.95

128.19

147.37

217.68

204.43

Jiangxi Hongcheng Environment 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															194.36	250.54	235.23	168.98	192.15

Competitive Comparison of Jiangxi Hongcheng Environment Co's Days Payable

For the Utilities - Regulated Water subindustry, Jiangxi Hongcheng Environment 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.

Jiangxi Hongcheng Environment Co's Days Payable Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Jiangxi Hongcheng Environment Co's Days Payable falls into.

Jiangxi Hongcheng Environment 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.

Jiangxi Hongcheng Environment 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
=	( (3205.145	+	3039.783)	/	2 )	/	5575.046	*	365
=	3122.464					/	5575.046	*	365
=	204.43

Jiangxi Hongcheng Environment 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
=	( (3039.783	+	3390.226)	/	2 )	/	1526.809	*	365 / 4
=	3215.0045					/	1526.809	*	365 / 4
=	192.15

Jiangxi Hongcheng Environment Co Days Payable Related Terms

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Jiangxi Hongcheng Environment Co (SHSE:600461) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Jiangxi Hongcheng Environment Co Ltd (SHSE:600461) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98 Guanyin Road, Nanchang, Jiangxi, CHN, 330001

Website

http://www.jxhcsy.com

Jiangxi Hongcheng Waterworks Co Ltd is a China-based engaged in the production and operation of water and wastewater treatment. The company is mainly engaged in tap water production and supply, sewage treatment, gas energy and other businesses.

Jiangxi Hongcheng Environment Co (SHSE:600461) Headlines

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