CN Energy Group (CN Energy Group) Days Payable : 80.29 (As of Sep. 2023)

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What is CN Energy Group Days Payable?

CN Energy Group's average Accounts Payable for the six months ended in Sep. 2023 was $15.50 Mil. CN Energy Group's Cost of Goods Sold for the six months ended in Sep. 2023 was $35.23 Mil. Hence, CN Energy Group's Days Payable for the six months ended in Sep. 2023 was 80.29.

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

CNEY' s Days Payable Range Over the Past 10 Years
Min: 46.24 Med: 122.84 Max: 354.53
Current: 82

During the past 6 years, CN Energy Group's highest Days Payable was 354.53. The lowest was 46.24. And the median was 122.84.

CNEY's Days Payable is ranked better than
66.76% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs CNEY: 82.00

CN Energy Group's Days Payable increased from Sep. 2022 (37.73) to Sep. 2023 (80.29). It may suggest that CN Energy Group delayed paying its suppliers.

CN Energy Group Days Payable Historical Data

The historical data trend for CN Energy Group'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.

CN Energy Group Days Payable Chart

CN Energy Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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231.37

175.69

69.98

46.24

64.08

CN Energy Group Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial						33.64	31.30	37.73	108.14	80.29

Competitive Comparison of CN Energy Group's Days Payable

For the Specialty Chemicals subindustry, CN Energy Group'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.

CN Energy Group's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, CN Energy Group's Days Payable distribution charts can be found below:

* The bar in red indicates where CN Energy Group's Days Payable falls into.

CN Energy Group 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.

CN Energy Group's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (7.487	+	12.565)	/	2 )	/	57.11	*	365
=	10.026					/	57.11	*	365
=	64.08

CN Energy Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (18.438	+	12.565)	/	2 )	/	35.234	*	365 / 2
=	15.5015					/	35.234	*	365 / 2
=	80.29

CN Energy Group Days Payable Related Terms

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CN Energy Group (CN Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CN Energy Group Inc (NAS:CNEY) » Definitions » Days Payable

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Traded in Other Exchanges

N/A

Address

No. 268 Shiniu Road, Building 2-B, Room 206, Liandu District, Zhejiang Province, Lishui, CHN

Website

https://www.ir.cneny.com

CN Energy Group Inc along with its subsidiaries is a manufacturer and supplier of wood-based activated carbon that is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production and a producer of biomass electricity generated in the process of producing activated carbon. The firm generates a majority of its revenue from Activated carbon.