Zhongman Petroleum And Natural Gas Group (SHSE:603619) Days Payable : 241.62 (As of Mar. 2024)

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What is Zhongman Petroleum And Natural Gas Group Days Payable?

Zhongman Petroleum And Natural Gas Group's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,154 Mil. Zhongman Petroleum And Natural Gas Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥436 Mil. Hence, Zhongman Petroleum And Natural Gas Group's Days Payable for the three months ended in Mar. 2024 was 241.62.

The historical rank and industry rank for Zhongman Petroleum And Natural Gas Group's Days Payable or its related term are showing as below:

SHSE:603619' s Days Payable Range Over the Past 10 Years
Min: 181.25 Med: 201.09 Max: 319.44
Current: 200.77

During the past 12 years, Zhongman Petroleum And Natural Gas Group's highest Days Payable was 319.44. The lowest was 181.25. And the median was 201.09.

SHSE:603619's Days Payable is ranked better than
82.65% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs SHSE:603619: 200.77

Zhongman Petroleum And Natural Gas Group's Days Payable increased from Mar. 2023 (201.94) to Mar. 2024 (241.62). It may suggest that Zhongman Petroleum And Natural Gas Group delayed paying its suppliers.

Zhongman Petroleum And Natural Gas Group Days Payable Historical Data

The historical data trend for Zhongman Petroleum And Natural Gas Group'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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Zhongman Petroleum And Natural Gas Group Days Payable Chart

Zhongman Petroleum And Natural Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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188.73

305.36

319.44

223.59

194.19

Zhongman Petroleum And Natural Gas Group 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															201.94	178.37	164.78	237.51	241.62

Competitive Comparison of Zhongman Petroleum And Natural Gas Group's Days Payable

For the Oil & Gas Equipment & Services subindustry, Zhongman Petroleum And Natural Gas Group'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.

Zhongman Petroleum And Natural Gas Group's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Zhongman Petroleum And Natural Gas Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhongman Petroleum And Natural Gas Group's Days Payable falls into.

Zhongman Petroleum And Natural Gas Group 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.

Zhongman Petroleum And Natural Gas Group'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
=	( (1041.816	+	1113.43)	/	2 )	/	2025.508	*	365
=	1077.623					/	2025.508	*	365
=	194.19

Zhongman Petroleum And Natural Gas Group'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
=	( (1113.43	+	1195.102)	/	2 )	/	435.92	*	365 / 4
=	1154.266					/	435.92	*	365 / 4
=	241.62

Zhongman Petroleum And Natural Gas Group Days Payable Related Terms

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Zhongman Petroleum And Natural Gas Group (SHSE:603619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zhongman Petroleum And Natural Gas Group Corp Ltd (SHSE:603619) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3998 Jiangshan Road, Pudong New Area, Shanghai, CHN

Website

http://www.zpec.com

Zhongman Petroleum And Natural Gas Group Corp Ltd is a drilling engineering contractor and manufacturer of petroleum drilling equipment. It is also engaged in oil and gas exploration, geological engineering, installation of CNG/LNG Vehicle Fueling Stations and international trade.

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