Bestsun Energy Co (SHSE:600681) Days Payable : 24.88 (As of Mar. 2024)

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What is Bestsun Energy Co Days Payable?

Bestsun Energy Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥495 Mil. Bestsun Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,817 Mil. Hence, Bestsun Energy Co's Days Payable for the three months ended in Mar. 2024 was 24.88.

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

SHSE:600681' s Days Payable Range Over the Past 10 Years
Min: 34.22 Med: 51.86 Max: 145.63
Current: 34.22

During the past 13 years, Bestsun Energy Co's highest Days Payable was 145.63. The lowest was 34.22. And the median was 51.86.

SHSE:600681's Days Payable is ranked worse than
81.5% of 492 companies
in the Utilities - Regulated industry
Industry Median: 65.95 vs SHSE:600681: 34.22

Bestsun Energy Co's Days Payable declined from Mar. 2023 (25.85) to Mar. 2024 (24.88). It may suggest that Bestsun Energy Co accelerated paying its suppliers.

Bestsun Energy Co Days Payable Historical Data

The historical data trend for Bestsun Energy 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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Bestsun Energy Co Days Payable Chart

Bestsun Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

55.00

48.72

36.35

38.09

45.55

Bestsun Energy 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															25.85	55.81	59.23	28.28	24.88

Competitive Comparison of Bestsun Energy Co's Days Payable

For the Utilities - Regulated Gas subindustry, Bestsun Energy 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.

Bestsun Energy Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Bestsun Energy Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Bestsun Energy Co's Days Payable falls into.

Bestsun Energy 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.

Bestsun Energy 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
=	( (511.905	+	590.399)	/	2 )	/	4416.621	*	365
=	551.152					/	4416.621	*	365
=	45.55

Bestsun Energy 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
=	( (590.399	+	400.055)	/	2 )	/	1816.575	*	365 / 4
=	495.227					/	1816.575	*	365 / 4
=	24.88

Bestsun Energy Co Days Payable Related Terms

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Bestsun Energy Co (SHSE:600681) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Bestsun Energy Co Ltd (SHSE:600681) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.1, Yangxin Road, Hanyang District, Hubei Province, Wuhan, CHN, 100022

Website

http://www.bestsungas.com

Bestsun Energy Co Ltd is a China-based company operates as a gas production and supply industry. It invests in natural gas pipelines, liquefied natural gas, and natural gas vehicle fillings stations.

Executives

Ma Fu You	Supervisors
Fu Sheng Li	Supervisors
Wang Dong Hai	Director
Han Xiao	Director

Bestsun Energy Co (SHSE:600681) Headlines

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