Luzhou Xinglu Water (Group) Co (HKSE:02281) Days Payable : 163.02 (As of Dec. 2023)

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What is Luzhou Xinglu Water (Group) Co Days Payable?

Luzhou Xinglu Water (Group) Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$410 Mil. Luzhou Xinglu Water (Group) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$459 Mil. Hence, Luzhou Xinglu Water (Group) Co's Days Payable for the six months ended in Dec. 2023 was 163.02.

The historical rank and industry rank for Luzhou Xinglu Water (Group) Co's Days Payable or its related term are showing as below:

HKSE:02281' s Days Payable Range Over the Past 10 Years
Min: 3.65 Med: 11.73 Max: 266.62
Current: 163.82

During the past 11 years, Luzhou Xinglu Water (Group) Co's highest Days Payable was 266.62. The lowest was 3.65. And the median was 11.73.

HKSE:02281's Days Payable is ranked better than
79.96% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.385 vs HKSE:02281: 163.82

Luzhou Xinglu Water (Group) Co's Days Payable declined from Dec. 2022 (165.96) to Dec. 2023 (163.02). It may suggest that Luzhou Xinglu Water (Group) Co accelerated paying its suppliers.

Luzhou Xinglu Water (Group) Co Days Payable Historical Data

The historical data trend for Luzhou Xinglu Water (Group) 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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Luzhou Xinglu Water (Group) Co Days Payable Chart

Luzhou Xinglu Water (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.62

189.50

266.62

205.57

173.62

Luzhou Xinglu Water (Group) Co Semi-Annual Data
	Dec13	Dec14	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														134.62	193.42	165.96	154.85	163.02

Competitive Comparison of Luzhou Xinglu Water (Group) Co's Days Payable

For the Utilities - Regulated Water subindustry, Luzhou Xinglu Water (Group) 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.

Luzhou Xinglu Water (Group) Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Luzhou Xinglu Water (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Luzhou Xinglu Water (Group) Co's Days Payable falls into.

Luzhou Xinglu Water (Group) 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.

Luzhou Xinglu Water (Group) 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
=	( (420.015	+	456.256)	/	2 )	/	921.072	*	365
=	438.1355					/	921.072	*	365
=	173.62

Luzhou Xinglu Water (Group) Co'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
=	( (363.951	+	456.256)	/	2 )	/	459.107	*	365 / 2
=	410.1035					/	459.107	*	365 / 2
=	163.02

Luzhou Xinglu Water (Group) Co Days Payable Related Terms

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Luzhou Xinglu Water (Group) Co (HKSE:02281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Luzhou Xinglu Water (Group) Co Ltd (HKSE:02281) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Baizi Road, Jiangyang District, Sichuan Province, Luzhou, CHN

Website

http://www.lzss.com

Luzhou Xinglu Water (Group) Co Ltd is a China-based company engages in the provision of integrated municipal water-related public utility services. The company is engaged in the provision of tap water supply and related installation and maintenance service, wastewater treatment service and construction service. It operates through two main segments the Tap Water Supply and Wastewater Treatment segments. The company derives maximum revenue from Tap Water Supply segment. Geographically, it operates in People's Republic of China.

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