Ningxia Baofeng Energy Group Co (SHSE:600989) Days Payable : 33.20 (As of Mar. 2024)

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What is Ningxia Baofeng Energy Group Co Days Payable?

Ningxia Baofeng Energy Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,134 Mil. Ningxia Baofeng Energy Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,864 Mil. Hence, Ningxia Baofeng Energy Group Co's Days Payable for the three months ended in Mar. 2024 was 33.20.

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

SHSE:600989' s Days Payable Range Over the Past 10 Years
Min: 22.53 Med: 78.2 Max: 519.72
Current: 30.21

During the past 13 years, Ningxia Baofeng Energy Group Co's highest Days Payable was 519.72. The lowest was 22.53. And the median was 78.20.

SHSE:600989's Days Payable is ranked worse than
80.45% of 1504 companies
in the Chemicals industry
Industry Median: 60.16 vs SHSE:600989: 30.21

Ningxia Baofeng Energy Group Co's Days Payable increased from Mar. 2023 (29.48) to Mar. 2024 (33.20). It may suggest that Ningxia Baofeng Energy Group Co delayed paying its suppliers.

Ningxia Baofeng Energy Group Co Days Payable Historical Data

The historical data trend for Ningxia Baofeng Energy 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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Ningxia Baofeng Energy Group Co Days Payable Chart

Ningxia Baofeng Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.12

38.00

22.53

24.60

32.64

Ningxia Baofeng Energy Group 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															29.48	28.89	29.26	27.10	33.20

Competitive Comparison of Ningxia Baofeng Energy Group Co's Days Payable

For the Chemicals subindustry, Ningxia Baofeng Energy 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.

Ningxia Baofeng Energy Group Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ningxia Baofeng Energy Group Co's Days Payable distribution charts can be found below:

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

Ningxia Baofeng Energy 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.

Ningxia Baofeng Energy 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
=	( (1678.022	+	1948.321)	/	2 )	/	20278.991	*	365
=	1813.1715					/	20278.991	*	365
=	32.64

Ningxia Baofeng Energy Group 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
=	( (1948.321	+	2318.902)	/	2 )	/	5863.919	*	365 / 4
=	2133.6115					/	5863.919	*	365 / 4
=	33.20

Ningxia Baofeng Energy Group Co Days Payable Related Terms

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Ningxia Baofeng Energy Group Co (SHSE:600989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningxia Baofeng Energy Group Co Ltd (SHSE:600989) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Baofeng Circular Economy Industrial Park, Ningdong Energy and Chemical Industry Base, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750411

Website

http://www.baofengenergy.com

Ningxia Baofeng Energy Group Co Ltd is engaged in the manufacturing of chemicals and raw chemical materials. Its product includes Polythylene, Coke, MTBE, Pure Benzene, and Modified Asphalt.

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