Xinyi Solar Holdings (HKSE:00968) Days Payable : 58.46 (As of Jun. 2023)

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What is Xinyi Solar Holdings Days Payable?

Xinyi Solar Holdings's average Accounts Payable for the six months ended in Jun. 2023 was HK$3,033 Mil. Xinyi Solar Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$9,470 Mil. Hence, Xinyi Solar Holdings's Days Payable for the six months ended in Jun. 2023 was 58.46.

The historical rank and industry rank for Xinyi Solar Holdings's Days Payable or its related term are showing as below:

HKSE:00968' s Days Payable Range Over the Past 10 Years
Min: 24.55 Med: 56.87 Max: 90.41
Current: 64.45

During the past 12 years, Xinyi Solar Holdings's highest Days Payable was 90.41. The lowest was 24.55. And the median was 56.87.

HKSE:00968's Days Payable is ranked better than
60.81% of 962 companies
in the Semiconductors industry
Industry Median: 51.77 vs HKSE:00968: 64.45

Xinyi Solar Holdings's Days Payable increased from Jun. 2022 (35.22) to Jun. 2023 (58.46). It may suggest that Xinyi Solar Holdings delayed paying its suppliers.

Xinyi Solar Holdings Days Payable Historical Data

The historical data trend for Xinyi Solar Holdings'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.

* Premium members only.

Xinyi Solar Holdings Days Payable Chart

Xinyi Solar Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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58.77

54.96

47.20

48.48

63.71

Xinyi Solar Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															90.17	35.22	45.77	58.46	70.79

Competitive Comparison of Xinyi Solar Holdings's Days Payable

For the Solar subindustry, Xinyi Solar Holdings'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.

Xinyi Solar Holdings's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Xinyi Solar Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Xinyi Solar Holdings's Days Payable falls into.

Xinyi Solar Holdings 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.

Xinyi Solar Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1283.549	+	2537.951)	/	2 )	/	14385.531	*	365
=	1910.75					/	14385.531	*	365
=	48.48

Xinyi Solar Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (2537.951	+	3528.905)	/	2 )	/	9469.604	*	365 / 2
=	3033.428					/	9469.604	*	365 / 2
=	58.46

Xinyi Solar Holdings Days Payable Related Terms

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Xinyi Solar Holdings (HKSE:00968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xinyi Solar Holdings Ltd (HKSE:00968) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

XISHY:USA XNYIF:USA 13X:Germany

Address

Xinyi PV Glass Industrial Zone, 2 Xinyi Road, Wuhu Economic and Technology Development Zone, Anhui Province, Wuhu, CHN, 241009

Website

https://www.xinyisolar.com

Xinyi Solar Holdings Ltd is an investment holding company. Its activities consist of the production and sale of solar glass products, the development and operation of solar farms, and the provision of engineering, procurement, and construction (EPC) services. The company's segments include sales of solar glass; solar farm business which includes solar farm development and solar power generation; and EPC services. It derives revenue from two core business segments, namely the sale and manufacturing of solar glass and solar farm business. Its operations are held in the People's Republic of China and Other countries.

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