Xinte Energy Co (HKSE:01799) Days Payable : 191.02 (As of Jun. 2023)

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What is Xinte Energy Co Days Payable?

Xinte Energy Co's average Accounts Payable for the six months ended in Jun. 2023 was HK$10,853 Mil. Xinte Energy Co's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$10,369 Mil. Hence, Xinte Energy Co's Days Payable for the six months ended in Jun. 2023 was 191.02.

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

HKSE:01799' s Days Payable Range Over the Past 10 Years
Min: 146.69 Med: 276.42 Max: 431.71
Current: 176.65

During the past 10 years, Xinte Energy Co's highest Days Payable was 431.71. The lowest was 146.69. And the median was 276.42.

HKSE:01799's Days Payable is ranked better than
88.88% of 962 companies
in the Semiconductors industry
Industry Median: 51.77 vs HKSE:01799: 176.65

Xinte Energy Co's Days Payable increased from Jun. 2022 (175.96) to Jun. 2023 (191.02). It may suggest that Xinte Energy Co delayed paying its suppliers.

Xinte Energy Co Days Payable Historical Data

The historical data trend for Xinte 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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Xinte Energy Co Days Payable Chart

Xinte Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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431.71

202.95

146.69

182.98

182.69

Xinte Energy Co Semi-Annual Data
	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														164.23	175.96	152.20	191.02	158.64

Competitive Comparison of Xinte Energy Co's Days Payable

For the Solar subindustry, Xinte 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.

Xinte Energy Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Xinte Energy Co's Days Payable distribution charts can be found below:

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

Xinte 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.

Xinte Energy Co'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
=	( (6824.073	+	11612.736)	/	2 )	/	18388.122	*	365
=	9218.4045					/	18388.122	*	365
=	182.98

Xinte Energy Co'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
=	( (11612.736	+	10093.238)	/	2 )	/	10369.097	*	365 / 2
=	10852.987					/	10369.097	*	365 / 2
=	191.02

Xinte Energy Co Days Payable Related Terms

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Xinte Energy Co (HKSE:01799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xinte Energy Co Ltd (HKSE:01799) » Definitions » Days Payable

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9M7:Germany

Address

No. 2249, Zhongxin Street, Ganquanpu Economic and Technological Development Zone, Xinjiang, Urumqi, CHN

Website

https://www.xinteenergy.com

Xinte Energy Co Ltd is engaged in the manufacturing of solar-grade polysilicon and photovoltaic project developers. It operates in four segments: Polysilicon, Construction of wind power & PV power plants, Operation of wind power & PV power plants, and Others. Other segments mainly comprise businesses including manufacturing and sales of the inverter, flexible direct current transmission converter valve, SVG, and other miscellaneous services. Business activity functions in the region of China.

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