Yantai Jereh Oilfield Services Group Co (SZSE:002353) Days Payable : 308.13 (As of Mar. 2024)

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What is Yantai Jereh Oilfield Services Group Co Days Payable?

Yantai Jereh Oilfield Services Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥4,626 Mil. Yantai Jereh Oilfield Services Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,370 Mil. Hence, Yantai Jereh Oilfield Services Group Co's Days Payable for the three months ended in Mar. 2024 was 308.13.

The historical rank and industry rank for Yantai Jereh Oilfield Services Group Co's Days Payable or its related term are showing as below:

SZSE:002353' s Days Payable Range Over the Past 10 Years
Min: 125.52 Med: 187.8 Max: 205.11
Current: 185.1

During the past 13 years, Yantai Jereh Oilfield Services Group Co's highest Days Payable was 205.11. The lowest was 125.52. And the median was 187.80.

SZSE:002353's Days Payable is ranked better than
81% of 900 companies
in the Oil & Gas industry
Industry Median: 60.215 vs SZSE:002353: 185.10

Yantai Jereh Oilfield Services Group Co's Days Payable declined from Mar. 2023 (321.30) to Mar. 2024 (308.13). It may suggest that Yantai Jereh Oilfield Services Group Co accelerated paying its suppliers.

Yantai Jereh Oilfield Services Group Co Days Payable Historical Data

The historical data trend for Yantai Jereh Oilfield Services 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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Yantai Jereh Oilfield Services Group Co Days Payable Chart

Yantai Jereh Oilfield Services Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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191.53

205.11

184.06

199.12

195.84

Yantai Jereh Oilfield Services 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															321.30	218.05	181.28	118.17	308.13

Competitive Comparison of Yantai Jereh Oilfield Services Group Co's Days Payable

For the Oil & Gas Equipment & Services subindustry, Yantai Jereh Oilfield Services 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.

Yantai Jereh Oilfield Services Group Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Yantai Jereh Oilfield Services Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Yantai Jereh Oilfield Services Group Co's Days Payable falls into.

Yantai Jereh Oilfield Services 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.

Yantai Jereh Oilfield Services 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
=	( (5397.985	+	4596.837)	/	2 )	/	9314.155	*	365
=	4997.411					/	9314.155	*	365
=	195.84

Yantai Jereh Oilfield Services 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
=	( (4596.837	+	4654.381)	/	2 )	/	1369.827	*	365 / 4
=	4625.609					/	1369.827	*	365 / 4
=	308.13

Yantai Jereh Oilfield Services Group Co Days Payable Related Terms

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Yantai Jereh Oilfield Services Group Co (SZSE:002353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yantai Jereh Oilfield Services Group Co Ltd (SZSE:002353) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 7,Aucma Street, Laishan District, Shandong Province, Yantai, CHN, 264003

Website

http://www.jereh.com

Yantai Jereh Oilfield Services Group Co Ltd is a China-based company engaged in the manufacturing of oilfield equipment and the provision of oilfield services. It is engaged in drilling equipment and oil & gas field engineering equipment manufacturing, equipment maintenance and accessories sales, oil field engineering technology services, as well as oil & gas field construction services. The company conducts its businesses within domestic and overseas markets.

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