Sino Gas Holdings Group (HKSE:01759) Days Payable : 1.68 (As of Dec. 2023)

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What is Sino Gas Holdings Group Days Payable?

Sino Gas Holdings Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$7 Mil. Sino Gas Holdings Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$724 Mil. Hence, Sino Gas Holdings Group's Days Payable for the six months ended in Dec. 2023 was 1.68.

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

HKSE:01759' s Days Payable Range Over the Past 10 Years
Min: 0.42 Med: 6.17 Max: 24.63
Current: 1.77

During the past 9 years, Sino Gas Holdings Group's highest Days Payable was 24.63. The lowest was 0.42. And the median was 6.17.

HKSE:01759's Days Payable is ranked worse than
98.89% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.64 vs HKSE:01759: 1.77

Sino Gas Holdings Group's Days Payable increased from Dec. 2022 (1.17) to Dec. 2023 (1.68). It may suggest that Sino Gas Holdings Group delayed paying its suppliers.

Sino Gas Holdings Group Days Payable Historical Data

The historical data trend for Sino Gas Holdings 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.

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Sino Gas Holdings Group Days Payable Chart

Sino Gas Holdings Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6.17

0.45

0.42

0.97

1.00

Sino Gas Holdings Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											0.29	0.51	1.17	2.62	1.68

Competitive Comparison of Sino Gas Holdings Group's Days Payable

For the Specialty Retail subindustry, Sino Gas Holdings 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.

Sino Gas Holdings Group's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sino Gas Holdings Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Sino Gas Holdings Group's Days Payable falls into.

Sino Gas Holdings 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.

Sino Gas Holdings Group'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
=	( (7.664	+	0.265)	/	2 )	/	1445.411	*	365
=	3.9645					/	1445.411	*	365
=	1.00

Sino Gas Holdings Group'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
=	( (13.061	+	0.265)	/	2 )	/	723.938	*	365 / 2
=	6.663					/	723.938	*	365 / 2
=	1.68

Sino Gas Holdings Group Days Payable Related Terms

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Sino Gas Holdings Group (HKSE:01759) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sino Gas Holdings Group Ltd (HKSE:01759) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

13 Haian Road, Room 3103, Block A1, Caifu Shi Ji Plaza, Tianhe District, Guangzhou, CHN

Website

https://www.sinogasholdings.com

Sino Gas Holdings Group Ltd is an integrated LPG and natural gas supplier in China. The company's segments include Retail and Wholesale. The Retail segment generates revenue from the sale of LPG, CNG, and LNG to vehicular end users by operating gas refueling stations, industrial customers, and bottled LPG end-users whereas, the Wholesale segment generates revenue from the sale of LPG, CNG, and LNG to gas merchants. The firm generates a majority of its revenue from the Wholesale segment in the People's Republic of China.

Executives

China Full Limited	2101 Beneficial owner
Petrochemical Gas Group Limited	2201 Interest of corporation controlled by you
Sino Gas Holdings Group Limited	2201 Interest of corporation controlled by you
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Petrochemical Gas Energy Group Limited	2101 Beneficial owner
Petrochemical Gas Energy Limited	2101 Beneficial owner
Ji Guang	2501 Other
Yang Ling	2202 Interest of your spouse

Sino Gas Holdings Group (HKSE:01759) Headlines

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