China Conch Environment Protection Holdings (HKSE:00587) Days Payable : 119.32 (As of Dec. 2023)

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What is China Conch Environment Protection Holdings Days Payable?

China Conch Environment Protection Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$360 Mil. China Conch Environment Protection Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$551 Mil. Hence, China Conch Environment Protection Holdings's Days Payable for the six months ended in Dec. 2023 was 119.32.

The historical rank and industry rank for China Conch Environment Protection Holdings's Days Payable or its related term are showing as below:

HKSE:00587' s Days Payable Range Over the Past 10 Years
Min: 35.59 Med: 62.06 Max: 113.91
Current: 108.2

During the past 6 years, China Conch Environment Protection Holdings's highest Days Payable was 113.91. The lowest was 35.59. And the median was 62.06.

HKSE:00587's Days Payable is ranked better than
60.44% of 225 companies
in the Waste Management industry
Industry Median: 71.54 vs HKSE:00587: 108.20

China Conch Environment Protection Holdings's Days Payable increased from Dec. 2022 (84.00) to Dec. 2023 (119.32). It may suggest that China Conch Environment Protection Holdings delayed paying its suppliers.

China Conch Environment Protection Holdings Days Payable Historical Data

The historical data trend for China Conch Environment Protection 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.

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China Conch Environment Protection Holdings Days Payable Chart

China Conch Environment Protection Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.59

55.32

68.41

87.98

113.91

China Conch Environment Protection Holdings Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				76.18	85.17	84.00	90.82	119.32

Competitive Comparison of China Conch Environment Protection Holdings's Days Payable

For the Waste Management subindustry, China Conch Environment Protection 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.

China Conch Environment Protection Holdings's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Conch Environment Protection Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where China Conch Environment Protection Holdings's Days Payable falls into.

China Conch Environment Protection 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.

China Conch Environment Protection Holdings'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
=	( (240.846	+	433.67)	/	2 )	/	1080.638	*	365
=	337.258					/	1080.638	*	365
=	113.91

China Conch Environment Protection Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (286.542	+	433.67)	/	2 )	/	550.782	*	365 / 2
=	360.106					/	550.782	*	365 / 2
=	119.32

China Conch Environment Protection Holdings Days Payable Related Terms

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China Conch Environment Protection Holdings (HKSE:00587) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Conch Environment Protection Holdings Ltd (HKSE:00587) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1005, South Jiuhua Road, Yijiang District, Anhui Province, Wuhu Conch International Conference Center, Wuhu, CHN, 241070

Website

https://www.conchenviro.com

China Conch Environment Protection Holdings Ltd is an energy conservation and environmental protection enterprise focusing on providing eco-friendly and cost-efficient treatment of industrial solid and hazardous waste in China. It had secured around 100 environmental protection projects in various provinces, municipalities, and regions nationwide. The group has three segments: industrial hazardous waste treatment services, industrial solid waste treatment services and comprehensive resource utilization.

China Conch Environment Protection Holdings (HKSE:00587) Headlines

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