Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) Days Payable : 209.61 (As of Mar. 2024)

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What is Jiangsu Zhongsheng Gaoke Environmental Co Days Payable?

Jiangsu Zhongsheng Gaoke Environmental Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥232.0 Mil. Jiangsu Zhongsheng Gaoke Environmental Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥101.0 Mil. Hence, Jiangsu Zhongsheng Gaoke Environmental Co's Days Payable for the three months ended in Mar. 2024 was 209.61.

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

SZSE:002778' s Days Payable Range Over the Past 10 Years
Min: 8.85 Med: 16.96 Max: 183
Current: 166.96

During the past 13 years, Jiangsu Zhongsheng Gaoke Environmental Co's highest Days Payable was 183.00. The lowest was 8.85. And the median was 16.96.

SZSE:002778's Days Payable is ranked better than
79.42% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs SZSE:002778: 166.96

Jiangsu Zhongsheng Gaoke Environmental Co's Days Payable increased from Mar. 2023 (181.14) to Mar. 2024 (209.61). It may suggest that Jiangsu Zhongsheng Gaoke Environmental Co delayed paying its suppliers.

Jiangsu Zhongsheng Gaoke Environmental Co Days Payable Historical Data

The historical data trend for Jiangsu Zhongsheng Gaoke Environmental 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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Jiangsu Zhongsheng Gaoke Environmental Co Days Payable Chart

Jiangsu Zhongsheng Gaoke Environmental Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.34

55.90

116.28

172.09

183.00

Jiangsu Zhongsheng Gaoke Environmental 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															181.14	135.68	142.31	224.87	209.61

Competitive Comparison of Jiangsu Zhongsheng Gaoke Environmental Co's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Jiangsu Zhongsheng Gaoke Environmental 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.

Jiangsu Zhongsheng Gaoke Environmental Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Jiangsu Zhongsheng Gaoke Environmental Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Zhongsheng Gaoke Environmental Co's Days Payable falls into.

Jiangsu Zhongsheng Gaoke Environmental 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.

Jiangsu Zhongsheng Gaoke Environmental 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
=	( (295.242	+	260.661)	/	2 )	/	554.384	*	365
=	277.9515					/	554.384	*	365
=	183.00

Jiangsu Zhongsheng Gaoke Environmental 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
=	( (260.661	+	203.411)	/	2 )	/	101.011	*	365 / 4
=	232.036					/	101.011	*	365 / 4
=	209.61

Jiangsu Zhongsheng Gaoke Environmental Co Days Payable Related Terms

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Jiangsu Zhongsheng Gaoke Environmental Co (SZSE:002778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jiangsu Zhongsheng Gaoke Environmental Co Ltd (SZSE:002778) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Whale Industrial Concentration Zone, Xushe Town, Jiangsu Province, Yixing, CHN, 214244

Website

http://www.jsgaoke.com

Jiangsu Zhongsheng Gaoke Environmental Co Ltd formerly Jiangsu Gaoke Petrochemical Co Ltd is engaged in research and development, production and sales of lubricants and fats. It produces industrial lubricants, automotive lubricants, special oils, greases and other lubricant products. It's products used in electric power equipment, engineering machinery, industrial machinery equipment, metallurgy, and transportation.

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