Fujian Haixia Environmental Protection Group Co (SHSE:603817) Days Payable : 449.28 (As of Mar. 2024)

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What is Fujian Haixia Environmental Protection Group Co Days Payable?

Fujian Haixia Environmental Protection Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥738 Mil. Fujian Haixia Environmental Protection Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥150 Mil. Hence, Fujian Haixia Environmental Protection Group Co's Days Payable for the three months ended in Mar. 2024 was 449.28.

The historical rank and industry rank for Fujian Haixia Environmental Protection Group Co's Days Payable or its related term are showing as below:

SHSE:603817' s Days Payable Range Over the Past 10 Years
Min: 367.59 Med: 401.18 Max: 929.2
Current: 369.54

During the past 12 years, Fujian Haixia Environmental Protection Group Co's highest Days Payable was 929.20. The lowest was 367.59. And the median was 401.18.

SHSE:603817's Days Payable is ranked better than
93.33% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.48 vs SHSE:603817: 369.54

Fujian Haixia Environmental Protection Group Co's Days Payable increased from Mar. 2023 (351.60) to Mar. 2024 (449.28). It may suggest that Fujian Haixia Environmental Protection Group Co delayed paying its suppliers.

Fujian Haixia Environmental Protection Group Co Days Payable Historical Data

The historical data trend for Fujian Haixia Environmental Protection Group 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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Fujian Haixia Environmental Protection Group Co Days Payable Chart

Fujian Haixia Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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412.56

388.33

389.80

367.59

389.62

Fujian Haixia Environmental Protection Group 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															351.60	349.61	332.48	370.64	449.28

Competitive Comparison of Fujian Haixia Environmental Protection Group Co's Days Payable

For the Utilities - Regulated Water subindustry, Fujian Haixia Environmental Protection Group 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.

Fujian Haixia Environmental Protection Group Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Fujian Haixia Environmental Protection Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fujian Haixia Environmental Protection Group Co's Days Payable falls into.

Fujian Haixia Environmental Protection Group 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.

Fujian Haixia Environmental Protection Group 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
=	( (665.105	+	768.102)	/	2 )	/	671.317	*	365
=	716.6035					/	671.317	*	365
=	389.62

Fujian Haixia Environmental Protection Group 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
=	( (768.102	+	708.565)	/	2 )	/	149.958	*	365 / 4
=	738.3335					/	149.958	*	365 / 4
=	449.28

Fujian Haixia Environmental Protection Group Co Days Payable Related Terms

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Fujian Haixia Environmental Protection Group Co (SHSE:603817) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fujian Haixia Environmental Protection Group Co Ltd (SHSE:603817) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Yangli Road, Gushan Town, Jin'an District, Fujian Province, Fuzhou, CHN, 350014

Website

http://www.fjhxhb.com

Fujian Haixia Environmental Protection Group Co Ltd is a Chinese company engaged in the businesses of sewage treatment and its recycling; investment, construction, management and maintenance of sewage treatment plant and sewage collection, treatment and discharge facilities; consultation and design of water supply and drainage engineering; equipment sales and installation; sewage treatment and sludge treatment, development. In addition, it is also involved in the business of technology transfer; training and appraisal of urban sewage treatment workers; water pollution control; and solid waste treatment and power generation.

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