Shuangliang Eco-Energy Systems Co (SHSE:600481) Days Payable : 159.17 (As of Mar. 2024)

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What is Shuangliang Eco-Energy Systems Co Days Payable?

Shuangliang Eco-Energy Systems Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥7,318 Mil. Shuangliang Eco-Energy Systems Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,195 Mil. Hence, Shuangliang Eco-Energy Systems Co's Days Payable for the three months ended in Mar. 2024 was 159.17.

The historical rank and industry rank for Shuangliang Eco-Energy Systems Co's Days Payable or its related term are showing as below:

SHSE:600481' s Days Payable Range Over the Past 10 Years
Min: 54.64 Med: 113.94 Max: 164.41
Current: 111.88

During the past 13 years, Shuangliang Eco-Energy Systems Co's highest Days Payable was 164.41. The lowest was 54.64. And the median was 113.94.

SHSE:600481's Days Payable is ranked better than
67.25% of 2934 companies
in the Industrial Products industry
Industry Median: 76.415 vs SHSE:600481: 111.88

Shuangliang Eco-Energy Systems Co's Days Payable increased from Mar. 2023 (91.90) to Mar. 2024 (159.17). It may suggest that Shuangliang Eco-Energy Systems Co delayed paying its suppliers.

Shuangliang Eco-Energy Systems Co Days Payable Historical Data

The historical data trend for Shuangliang Eco-Energy Systems 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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Shuangliang Eco-Energy Systems Co Days Payable Chart

Shuangliang Eco-Energy Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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112.87

164.41

160.73

95.71

112.83

Shuangliang Eco-Energy Systems 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															91.90	71.15	87.06	154.31	159.17

Competitive Comparison of Shuangliang Eco-Energy Systems Co's Days Payable

For the Specialty Industrial Machinery subindustry, Shuangliang Eco-Energy Systems 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.

Shuangliang Eco-Energy Systems Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shuangliang Eco-Energy Systems Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shuangliang Eco-Energy Systems Co's Days Payable falls into.

Shuangliang Eco-Energy Systems 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.

Shuangliang Eco-Energy Systems 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
=	( (4600.791	+	7601.726)	/	2 )	/	19737.238	*	365
=	6101.2585					/	19737.238	*	365
=	112.83

Shuangliang Eco-Energy Systems 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
=	( (7601.726	+	7034.841)	/	2 )	/	4195.46	*	365 / 4
=	7318.2835					/	4195.46	*	365 / 4
=	159.17

Shuangliang Eco-Energy Systems Co Days Payable Related Terms

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Shuangliang Eco-Energy Systems Co (SHSE:600481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shuangliang Eco-Energy Systems Co Ltd (SHSE:600481) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Shuangliang Industrial Park, Ligang Town, Jiangyin, Jiangsu, CHN, 214444

Website

http://www.shuangliang.com

Shuangliang Eco-Energy Systems Co Ltd is a China-based company engaged in the development and manufacturing of energy and water conservation and environmental protection system. Its products include central air conditioning system, high-efficient heat transfer system, desalination system, sewage treatment system, and other energy conservation system.

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