Inner Mongolia Yitai Coal Co (SHSE:900948) Days Payable : 47.30 (As of Mar. 2024)

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What is Inner Mongolia Yitai Coal Co Days Payable?

Inner Mongolia Yitai Coal Co's average Accounts Payable for the three months ended in Mar. 2024 was $595 Mil. Inner Mongolia Yitai Coal Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,148 Mil. Hence, Inner Mongolia Yitai Coal Co's Days Payable for the three months ended in Mar. 2024 was 47.30.

The historical rank and industry rank for Inner Mongolia Yitai Coal Co's Days Payable or its related term are showing as below:

SHSE:900948' s Days Payable Range Over the Past 10 Years
Min: 32.2 Med: 47.91 Max: 62.58
Current: 59.36

During the past 13 years, Inner Mongolia Yitai Coal Co's highest Days Payable was 62.58. The lowest was 32.20. And the median was 47.91.

SHSE:900948's Days Payable is ranked worse than
53.97% of 126 companies
in the Other Energy Sources industry
Industry Median: 65.545 vs SHSE:900948: 59.36

Inner Mongolia Yitai Coal Co's Days Payable declined from Mar. 2023 (81.62) to Mar. 2024 (47.30). It may suggest that Inner Mongolia Yitai Coal Co accelerated paying its suppliers.

Inner Mongolia Yitai Coal Co Days Payable Historical Data

The historical data trend for Inner Mongolia Yitai Coal 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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Inner Mongolia Yitai Coal Co Days Payable Chart

Inner Mongolia Yitai Coal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

47.86

47.95

42.91

60.73

62.58

Inner Mongolia Yitai Coal 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															81.62	83.91	70.78	41.86	47.30

Competitive Comparison of Inner Mongolia Yitai Coal Co's Days Payable

For the Thermal Coal subindustry, Inner Mongolia Yitai Coal 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.

Inner Mongolia Yitai Coal Co's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Inner Mongolia Yitai Coal Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Inner Mongolia Yitai Coal Co's Days Payable falls into.

Inner Mongolia Yitai Coal 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.

Inner Mongolia Yitai Coal 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
=	( (1087.135	+	612.178)	/	2 )	/	4955.939	*	365
=	849.6565					/	4955.939	*	365
=	62.58

Inner Mongolia Yitai Coal 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
=	( (612.178	+	578.298)	/	2 )	/	1148.26	*	365 / 4
=	595.238					/	1148.26	*	365 / 4
=	47.30

Inner Mongolia Yitai Coal Co Days Payable Related Terms

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Inner Mongolia Yitai Coal Co (SHSE:900948) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Inner Mongolia Yitai Coal Co Ltd (SHSE:900948) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

North Tianjiao Road, Yitai Building, Inner Mongolia, Dongsheng District, Ordos, CHN, 017000

Website

http://www.yitaicoal.com

Inner Mongolia Yitai Coal Co Ltd is primarily engaged in coal mining, processing, and distribution, as well as the distribution of petroleum products. The company also provides railway transportation services and road transportation services, as well as a coal-related chemical business, hotel management and pharmaceutical manufacturing. The company directly owns and controls multiple mechanized coal mines and controls three main railways, namely the Zhundong Railway, Huzhun Railway and a special railway line for Suancigou Mine. Thermal coal provided by the company serves as fuel for various industries including thermal power, construction materials and chemicals.

Inner Mongolia Yitai Coal Co (SHSE:900948) Headlines

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