Terrence Energy Co (BJSE:834014) Days Payable : 491.64 (As of Mar. 2024)

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What is Terrence Energy Co Days Payable?

Terrence Energy Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥370.2 Mil. Terrence Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥68.7 Mil. Hence, Terrence Energy Co's Days Payable for the three months ended in Mar. 2024 was 491.64.

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

BJSE:834014' s Days Payable Range Over the Past 10 Years
Min: 207.12 Med: 286.85 Max: 335.84
Current: 290.75

During the past 11 years, Terrence Energy Co's highest Days Payable was 335.84. The lowest was 207.12. And the median was 286.85.

BJSE:834014's Days Payable is ranked better than
86.54% of 899 companies
in the Oil & Gas industry
Industry Median: 61.13 vs BJSE:834014: 290.75

Terrence Energy Co's Days Payable declined from Mar. 2023 (536.87) to Mar. 2024 (491.64). It may suggest that Terrence Energy Co accelerated paying its suppliers.

Terrence Energy Co Days Payable Historical Data

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

Terrence Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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238.98

303.90

277.14

310.18

335.84

Terrence Energy Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															536.87	291.92	262.94	236.00	491.64

Competitive Comparison of Terrence Energy Co's Days Payable

For the Oil & Gas Equipment & Services subindustry, Terrence 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.

Terrence Energy Co's Days Payable Distribution in the Oil & Gas Industry

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

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

Terrence 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.

Terrence Energy 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
=	( (409.51	+	413.908)	/	2 )	/	447.453	*	365
=	411.709					/	447.453	*	365
=	335.84

Terrence Energy 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
=	( (413.908	+	326.515)	/	2 )	/	68.713	*	365 / 4
=	370.2115					/	68.713	*	365 / 4
=	491.64

Terrence Energy Co Days Payable Related Terms

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Terrence Energy Co (BJSE:834014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Terrence Energy Co Ltd (BJSE:834014) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 22, Yanhe Middle Road, Xinbei District, Jiangsu Province, Changzhou City, CHN, 213133

Website

http://www.terrence.com.cn

Terrence Energy Co Ltd engages in the manufacturing, production, and sales of natural gas transmission and distribution and application equipment. Its products involve the whole process of natural gas collection, transmission and distribution, and application; the products are widely used in industries and fields such as public utilities, gas-fired power generation, and industrial raw materials. It manufactures and installation of pressure pipeline components and pressure vessels, safety accessories; oil and gas equipment and accessories, automation engineering and information system integration, technical services of computer software and hardware, electronic equipment, and mechanical and electrical products.

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