Henan Lantian Gas Co (SHSE:605368) Days Payable : 15.72 (As of Mar. 2024)

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What is Henan Lantian Gas Co Days Payable?

Henan Lantian Gas Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥218 Mil. Henan Lantian Gas Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,265 Mil. Hence, Henan Lantian Gas Co's Days Payable for the three months ended in Mar. 2024 was 15.72.

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

SHSE:605368' s Days Payable Range Over the Past 10 Years
Min: 12.4 Med: 26.25 Max: 33.57
Current: 23.8

During the past 13 years, Henan Lantian Gas Co's highest Days Payable was 33.57. The lowest was 12.40. And the median was 26.25.

SHSE:605368's Days Payable is ranked worse than
91.3% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.43 vs SHSE:605368: 23.80

Henan Lantian Gas Co's Days Payable declined from Mar. 2023 (28.96) to Mar. 2024 (15.72). It may suggest that Henan Lantian Gas Co accelerated paying its suppliers.

Henan Lantian Gas Co Days Payable Historical Data

The historical data trend for Henan Lantian Gas 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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Henan Lantian Gas Co Days Payable Chart

Henan Lantian Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

24.68

30.64

32.44

33.57

27.22

Henan Lantian Gas 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															28.96	35.03	32.35	16.98	15.72

Competitive Comparison of Henan Lantian Gas Co's Days Payable

For the Utilities - Regulated Gas subindustry, Henan Lantian Gas 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.

Henan Lantian Gas Co's Days Payable Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Henan Lantian Gas Co's Days Payable falls into.

Henan Lantian Gas 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.

Henan Lantian Gas 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
=	( (368.658	+	211.36)	/	2 )	/	3889.218	*	365
=	290.009					/	3889.218	*	365
=	27.22

Henan Lantian Gas 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
=	( (211.36	+	224.578)	/	2 )	/	1265.177	*	365 / 4
=	217.969					/	1265.177	*	365 / 4
=	15.72

Henan Lantian Gas Co Days Payable Related Terms

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Henan Lantian Gas Co (SHSE:605368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Henan Lantian Gas Co Ltd (SHSE:605368) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

West of North Section of Production Stree, Henan Province, Queshan County, Zhumadian, CHN, 463200

Website

http://www.hnltrq.com.cn

Henan Lantian Gas Co Ltd is involved in the natural gas transmission and sales business. The company's natural gas branch has a total length of more than 700 kilometers and covers a population of more than 50 million.

Henan Lantian Gas Co (SHSE:605368) Headlines

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