ZJMI Environmental Energy Co (SHSE:603071) Days Payable : 12.71 (As of Mar. 2024)

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What is ZJMI Environmental Energy Co Days Payable?

ZJMI Environmental Energy Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,356 Mil. ZJMI Environmental Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥9,736 Mil. Hence, ZJMI Environmental Energy Co's Days Payable for the three months ended in Mar. 2024 was 12.71.

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

SHSE:603071' s Days Payable Range Over the Past 10 Years
Min: 14.65 Med: 18.77 Max: 31.39
Current: 16.8

During the past 7 years, ZJMI Environmental Energy Co's highest Days Payable was 31.39. The lowest was 14.65. And the median was 18.77.

SHSE:603071's Days Payable is ranked worse than
94.44% of 126 companies
in the Other Energy Sources industry
Industry Median: 64.77 vs SHSE:603071: 16.80

ZJMI Environmental Energy Co's Days Payable declined from Mar. 2023 (16.48) to Mar. 2024 (12.71). It may suggest that ZJMI Environmental Energy Co accelerated paying its suppliers.

ZJMI Environmental Energy Co Days Payable Historical Data

The historical data trend for ZJMI Environmental Energy 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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ZJMI Environmental Energy Co Days Payable Chart

ZJMI Environmental Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

28.91

31.39

16.81

17.69

14.65

ZJMI Environmental Energy Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														16.48	21.18	20.56	14.69	12.71

Competitive Comparison of ZJMI Environmental Energy Co's Days Payable

For the Thermal Coal subindustry, ZJMI Environmental Energy 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.

ZJMI Environmental Energy Co's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, ZJMI Environmental Energy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where ZJMI Environmental Energy Co's Days Payable falls into.

ZJMI Environmental Energy 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.

ZJMI Environmental Energy 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
=	( (2043.039	+	1330.329)	/	2 )	/	42019.473	*	365
=	1686.684					/	42019.473	*	365
=	14.65

ZJMI Environmental Energy 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
=	( (1330.329	+	1382.464)	/	2 )	/	9736.461	*	365 / 4
=	1356.3965					/	9736.461	*	365 / 4
=	12.71

ZJMI Environmental Energy Co Days Payable Related Terms

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ZJMI Environmental Energy Co (SHSE:603071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » ZJMI Environmental Energy Co Ltd (SHSE:603071) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

137 Qingchun Road, Zhejiang Province, Hangzhou, CHN, 310003

Website

ZJMI Environmental Energy Co Ltd is engaged in mining, processing, and distribution of coal products. The company produces bituminous coals, lean coals, coke coals, anthracite coals, and other related products.

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