SINOPEC Engineering (Group) Co (HKSE:02386) Days Payable : 124.39 (As of Dec. 2023)

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What is SINOPEC Engineering (Group) Co Days Payable?

SINOPEC Engineering (Group) Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$20,888 Mil. SINOPEC Engineering (Group) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$30,646 Mil. Hence, SINOPEC Engineering (Group) Co's Days Payable for the six months ended in Dec. 2023 was 124.39.

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

HKSE:02386' s Days Payable Range Over the Past 10 Years
Min: 119.34 Med: 159.09 Max: 262.36
Current: 139.65

During the past 12 years, SINOPEC Engineering (Group) Co's highest Days Payable was 262.36. The lowest was 119.34. And the median was 159.09.

HKSE:02386's Days Payable is ranked better than
75.26% of 1605 companies
in the Construction industry
Industry Median: 73.78 vs HKSE:02386: 139.65

SINOPEC Engineering (Group) Co's Days Payable declined from Dec. 2022 (150.28) to Dec. 2023 (124.39). It may suggest that SINOPEC Engineering (Group) Co accelerated paying its suppliers.

SINOPEC Engineering (Group) Co Days Payable Historical Data

The historical data trend for SINOPEC Engineering (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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SINOPEC Engineering (Group) Co Days Payable Chart

SINOPEC Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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196.31

161.63

140.24

156.54

142.28

SINOPEC Engineering (Group) Co Semi-Annual Data
	Jun14	Dec14	Jun15	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															130.80	154.60	150.28	155.62	124.39

Competitive Comparison of SINOPEC Engineering (Group) Co's Days Payable

For the Engineering & Construction subindustry, SINOPEC Engineering (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.

SINOPEC Engineering (Group) Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, SINOPEC Engineering (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where SINOPEC Engineering (Group) Co's Days Payable falls into.

SINOPEC Engineering (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.

SINOPEC Engineering (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
=	( (21758.619	+	21397.28)	/	2 )	/	55353.791	*	365
=	21577.9495					/	55353.791	*	365
=	142.28

SINOPEC Engineering (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
=	( (20378.594	+	21397.28)	/	2 )	/	30645.943	*	365 / 2
=	20887.937					/	30645.943	*	365 / 2
=	124.39

SINOPEC Engineering (Group) Co Days Payable Related Terms

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SINOPEC Engineering (Group) Co (HKSE:02386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SINOPEC Engineering (Group) Co Ltd (HKSE:02386) » Definitions » Days Payable

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Traded in Other Exchanges

SENGF:USA

Address

Shenggu Middle Road, No. 8 Building, Shenggu Home, Chaoyang District, Beijing, CHN, 100029

Website

http://www.segroup.cn

SINOPEC Engineering (Group) Co Ltd is a wholly owned subsidiary of the Sinopec Group, a Chinese company. The group provides integrated engineering services and technical patents for domestic and international refining and chemical engineering businesses. The group mainly contains four segments: engineering, consulting and licensing; engineering, procurement and construction (EPC) contracting; construction; and equipment manufacturing. The company generates most of its revenue from the EPC contracting segment. Geographically, the business presence of the group is primarily seen in China, Malaysia, Kuwait, and Saudi Arabia.

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