Shenzhen Gas (SHSE:601139) Days Payable : 74.05 (As of Mar. 2024)

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What is Shenzhen Gas Days Payable?

Shenzhen Gas's average Accounts Payable for the three months ended in Mar. 2024 was ¥4,723 Mil. Shenzhen Gas's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,821 Mil. Hence, Shenzhen Gas's Days Payable for the three months ended in Mar. 2024 was 74.05.

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

SHSE:601139' s Days Payable Range Over the Past 10 Years
Min: 45.26 Med: 64.47 Max: 71.97
Current: 69.09

During the past 13 years, Shenzhen Gas's highest Days Payable was 71.97. The lowest was 45.26. And the median was 64.47.

SHSE:601139's Days Payable is ranked better than
51.82% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.385 vs SHSE:601139: 69.09

Shenzhen Gas's Days Payable increased from Mar. 2023 (66.08) to Mar. 2024 (74.05). It may suggest that Shenzhen Gas delayed paying its suppliers.

Shenzhen Gas Days Payable Historical Data

The historical data trend for Shenzhen Gas'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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Shenzhen Gas Days Payable Chart

Shenzhen Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.76

71.12

66.36

61.63

65.18

Shenzhen Gas 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															66.08	69.53	67.42	66.24	74.05

Competitive Comparison of Shenzhen Gas's Days Payable

For the Utilities - Regulated Gas subindustry, Shenzhen Gas'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.

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

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

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

Shenzhen Gas 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.

Shenzhen Gas'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
=	( (4671.856	+	4662.414)	/	2 )	/	26135.511	*	365
=	4667.135					/	26135.511	*	365
=	65.18

Shenzhen Gas'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
=	( (4662.414	+	4784.454)	/	2 )	/	5820.75	*	365 / 4
=	4723.434					/	5820.75	*	365 / 4
=	74.05

Shenzhen Gas Days Payable Related Terms

Thank you for viewing the detailed overview of Shenzhen Gas's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Gas (SHSE:601139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Gas Corp Ltd (SHSE:601139) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Mei Road 268, Futian District, Guangdong Province, Shenzhen, CHN, 518049

Website

http://www.szgas.com.cn

Shenzhen Gas Corp Ltd is engaged in urban pipeline gas supply, liquefied petroleum gas wholesale, and bottled liquefied petroleum gas retail activities in China and internationally. It serves approximately 2.54 million pipeline gas customers. The company also holds rights for pipeline gas business in around 29 cities under the Shenzhen gas brand.

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