Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Days Payable : 289.11 (As of Mar. 2024)

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What is Shanxi Lu'an Environmental Energy Development Co Days Payable?

Shanxi Lu'an Environmental Energy Development Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥15,788 Mil. Shanxi Lu'an Environmental Energy Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,983 Mil. Hence, Shanxi Lu'an Environmental Energy Development Co's Days Payable for the three months ended in Mar. 2024 was 289.11.

The historical rank and industry rank for Shanxi Lu'an Environmental Energy Development Co's Days Payable or its related term are showing as below:

SHSE:601699' s Days Payable Range Over the Past 10 Years
Min: 282.77 Med: 402.07 Max: 639.24
Current: 282.77

During the past 13 years, Shanxi Lu'an Environmental Energy Development Co's highest Days Payable was 639.24. The lowest was 282.77. And the median was 402.07.

SHSE:601699's Days Payable is ranked better than
88.1% of 126 companies
in the Other Energy Sources industry
Industry Median: 65.545 vs SHSE:601699: 282.77

Shanxi Lu'an Environmental Energy Development Co's Days Payable declined from Mar. 2023 (332.34) to Mar. 2024 (289.11). It may suggest that Shanxi Lu'an Environmental Energy Development Co accelerated paying its suppliers.

Shanxi Lu'an Environmental Energy Development Co Days Payable Historical Data

The historical data trend for Shanxi Lu'an Environmental Energy Development 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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Shanxi Lu'an Environmental Energy Development Co Days Payable Chart

Shanxi Lu'an Environmental Energy Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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418.25

393.29

292.56

301.29

293.67

Shanxi Lu'an Environmental Energy Development 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															332.34	317.96	271.55	276.06	289.11

Competitive Comparison of Shanxi Lu'an Environmental Energy Development Co's Days Payable

For the Thermal Coal subindustry, Shanxi Lu'an Environmental Energy Development 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.

Shanxi Lu'an Environmental Energy Development Co's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Shanxi Lu'an Environmental Energy Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanxi Lu'an Environmental Energy Development Co's Days Payable falls into.

Shanxi Lu'an Environmental Energy Development 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.

Shanxi Lu'an Environmental Energy Development 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
=	( (19511.45	+	16783.227)	/	2 )	/	22554.92	*	365
=	18147.3385					/	22554.92	*	365
=	293.67

Shanxi Lu'an Environmental Energy Development 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
=	( (16783.227	+	14792.64)	/	2 )	/	4983.107	*	365 / 4
=	15787.9335					/	4983.107	*	365 / 4
=	289.11

Shanxi Lu'an Environmental Energy Development Co Days Payable Related Terms

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Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanxi Lu'an Environmental Energy Development Co Ltd (SHSE:601699) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

North Street, No. 65, High - tech Development Zone, Shanxi Province, Changzhi, CHN, 046204

Website

http://www.luanhn.com

Based in Changzhi City, Shanxi Province, China, Lu'an first listed shares on the A-share market in 2006. As of late 2010, Lu'an Mining Industry Group held a 63.99% stake in Lu'an. Lu'an is mainly engaged in mining, washing, processing and distribution of coal. In 2010, the company produced 33.22 million tons of coals and sold CNY 18.2 billion worth of coal. The company's coal business had a gross margin of 47% in 2010.

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