Chongqing Gas Group (SHSE:600917) Days Payable : 22.28 (As of Mar. 2024)

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What is Chongqing Gas Group Days Payable?

Chongqing Gas Group's average Accounts Payable for the three months ended in Mar. 2024 was ¥645 Mil. Chongqing Gas Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,641 Mil. Hence, Chongqing Gas Group's Days Payable for the three months ended in Mar. 2024 was 22.28.

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

SHSE:600917' s Days Payable Range Over the Past 10 Years
Min: 15.09 Med: 22.9 Max: 25.25
Current: 23.54

During the past 13 years, Chongqing Gas Group's highest Days Payable was 25.25. The lowest was 15.09. And the median was 22.90.

SHSE:600917's Days Payable is ranked worse than
91.67% of 492 companies
in the Utilities - Regulated industry
Industry Median: 65.95 vs SHSE:600917: 23.54

Chongqing Gas Group's Days Payable increased from Mar. 2023 (18.28) to Mar. 2024 (22.28). It may suggest that Chongqing Gas Group delayed paying its suppliers.

Chongqing Gas Group Days Payable Historical Data

The historical data trend for Chongqing Gas Group'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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Chongqing Gas Group Days Payable Chart

Chongqing Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.72

21.58

24.14

23.60

22.54

Chongqing Gas Group 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															18.28	26.21	28.25	20.20	22.28

Competitive Comparison of Chongqing Gas Group's Days Payable

For the Utilities - Regulated Gas subindustry, Chongqing Gas Group'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.

Chongqing Gas Group's Days Payable Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Chongqing Gas Group's Days Payable falls into.

Chongqing Gas Group 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.

Chongqing Gas Group'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
=	( (502.743	+	647.884)	/	2 )	/	9316.353	*	365
=	575.3135					/	9316.353	*	365
=	22.54

Chongqing Gas Group'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
=	( (647.884	+	642.084)	/	2 )	/	2641.031	*	365 / 4
=	644.984					/	2641.031	*	365 / 4
=	22.28

Chongqing Gas Group Days Payable Related Terms

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Chongqing Gas Group (SHSE:600917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chongqing Gas Group Corporation Ltd (SHSE:600917) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Jiangbei District Court, a small village on the 30th, Chongqing, CHN, 400020

Website

http://www.cqgas.cn

Chongqing Gas Group Corporation Ltd engages in the design, manufacture, installation, maintenance, sale, management, and technical consultation of gas supply and pipe network in China. It also supplies, transport, storage, distributes, and sale gas. The company engages in the supply of heating, cooling, and cogeneration; pipe anti-corrosion processing; and gas appliance sales and other business operations.

Executives

Wang Song Qiu	Director
Li Jin Yan	senior management
Fu Xiu Ping	senior management
Wu Can Guang	Director
Jiang Ying Hui	senior management
Wang Ji Wu	Director
Wen Xiao Song	senior management

Chongqing Gas Group (SHSE:600917) Headlines

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