Sichuan Mingxing Electric Power Co (SHSE:600101) Days Payable : 60.42 (As of Mar. 2024)

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What is Sichuan Mingxing Electric Power Co Days Payable?

Sichuan Mingxing Electric Power Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥396 Mil. Sichuan Mingxing Electric Power Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥599 Mil. Hence, Sichuan Mingxing Electric Power Co's Days Payable for the three months ended in Mar. 2024 was 60.42.

The historical rank and industry rank for Sichuan Mingxing Electric Power Co's Days Payable or its related term are showing as below:

SHSE:600101' s Days Payable Range Over the Past 10 Years
Min: 43.9 Med: 52.66 Max: 64.45
Current: 64.45

During the past 13 years, Sichuan Mingxing Electric Power Co's highest Days Payable was 64.45. The lowest was 43.90. And the median was 52.66.

SHSE:600101's Days Payable is ranked worse than
51.82% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.43 vs SHSE:600101: 64.45

Sichuan Mingxing Electric Power Co's Days Payable increased from Mar. 2023 (56.30) to Mar. 2024 (60.42). It may suggest that Sichuan Mingxing Electric Power Co delayed paying its suppliers.

Sichuan Mingxing Electric Power Co Days Payable Historical Data

The historical data trend for Sichuan Mingxing Electric Power 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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Sichuan Mingxing Electric Power Co Days Payable Chart

Sichuan Mingxing Electric Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.83

55.82

53.79

53.54

54.78

Sichuan Mingxing Electric Power Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															56.30	68.63	73.92	60.32	60.42

Competitive Comparison of Sichuan Mingxing Electric Power Co's Days Payable

For the Utilities - Diversified subindustry, Sichuan Mingxing Electric Power 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.

Sichuan Mingxing Electric Power Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Sichuan Mingxing Electric Power Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sichuan Mingxing Electric Power Co's Days Payable falls into.

Sichuan Mingxing Electric Power 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.

Sichuan Mingxing Electric Power 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
=	( (351.403	+	360.378)	/	2 )	/	2371.486	*	365
=	355.8905					/	2371.486	*	365
=	54.78

Sichuan Mingxing Electric Power Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (360.378	+	432.249)	/	2 )	/	598.509	*	365 / 4
=	396.3135					/	598.509	*	365 / 4
=	60.42

Sichuan Mingxing Electric Power Co Days Payable Related Terms

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Sichuan Mingxing Electric Power Co (SHSE:600101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Sichuan Mingxing Electric Power Co Ltd (SHSE:600101) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Mingyue Road, Mingxing Hotel, 11F, Suining, Sichuan, CHN, 629000

Website

http://www.mxdl.com.cn

Sichuan Mingxing Electric Power Company Limited is mainly engaged in the production of electricity, water, and natural gas in China. It is also involved in the development of mineral resources, real estate, and hotel services.

Executives

Tao Ming	Supervisors
Jiang Qing	senior management

Sichuan Mingxing Electric Power Co (SHSE:600101) Headlines

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