Zhejiang Fuchunjiang Environmental Thermoelectric Co (SZSE:002479) Days Payable : 113.84 (As of Mar. 2024)

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What is Zhejiang Fuchunjiang Environmental Thermoelectric Co Days Payable?

Zhejiang Fuchunjiang Environmental Thermoelectric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,061 Mil. Zhejiang Fuchunjiang Environmental Thermoelectric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥851 Mil. Hence, Zhejiang Fuchunjiang Environmental Thermoelectric Co's Days Payable for the three months ended in Mar. 2024 was 113.84.

The historical rank and industry rank for Zhejiang Fuchunjiang Environmental Thermoelectric Co's Days Payable or its related term are showing as below:

SZSE:002479' s Days Payable Range Over the Past 10 Years
Min: 39.01 Med: 75.42 Max: 115.01
Current: 111.61

During the past 13 years, Zhejiang Fuchunjiang Environmental Thermoelectric Co's highest Days Payable was 115.01. The lowest was 39.01. And the median was 75.42.

SZSE:002479's Days Payable is ranked better than
72.62% of 493 companies
in the Utilities - Regulated industry
Industry Median: 66.48 vs SZSE:002479: 111.61

Zhejiang Fuchunjiang Environmental Thermoelectric Co's Days Payable declined from Mar. 2023 (138.33) to Mar. 2024 (113.84). It may suggest that Zhejiang Fuchunjiang Environmental Thermoelectric Co accelerated paying its suppliers.

Zhejiang Fuchunjiang Environmental Thermoelectric Co Days Payable Historical Data

The historical data trend for Zhejiang Fuchunjiang Environmental Thermoelectric 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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Zhejiang Fuchunjiang Environmental Thermoelectric Co Days Payable Chart

Zhejiang Fuchunjiang Environmental Thermoelectric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.51

115.01

114.43

103.99

112.71

Zhejiang Fuchunjiang Environmental Thermoelectric 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															138.33	116.19	118.22	97.03	113.84

Competitive Comparison of Zhejiang Fuchunjiang Environmental Thermoelectric Co's Days Payable

For the Utilities - Regulated Electric subindustry, Zhejiang Fuchunjiang Environmental Thermoelectric 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.

Zhejiang Fuchunjiang Environmental Thermoelectric Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Zhejiang Fuchunjiang Environmental Thermoelectric Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Fuchunjiang Environmental Thermoelectric Co's Days Payable falls into.

Zhejiang Fuchunjiang Environmental Thermoelectric 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.

Zhejiang Fuchunjiang Environmental Thermoelectric 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
=	( (1215.265	+	1039.113)	/	2 )	/	3650.173	*	365
=	1127.189					/	3650.173	*	365
=	112.71

Zhejiang Fuchunjiang Environmental Thermoelectric 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
=	( (1039.113	+	1083.691)	/	2 )	/	850.782	*	365 / 4
=	1061.402					/	850.782	*	365 / 4
=	113.84

Zhejiang Fuchunjiang Environmental Thermoelectric Co Days Payable Related Terms

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Zhejiang Fuchunjiang Environmental Thermoelectric Co (SZSE:002479) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd (SZSE:002479) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188, Chunyong Road, Lingqiao Town, Zhejiang Province, Fuyang, CHN, 311418

Website

http://www.zhefuet.com

Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd is a China based company mainly engaged in power generation. The company's main business involves the production of steam, hot water and electric power.

Executives

Zhang Yue Ping	Supervisors
Zhang Jie	Secretary, Director
Zhang Zhong Mei	Directors, executives
Hu Bin	Securities Affairs Representative
Wu Bin	Director
An Jun	Director
Huang Ju Hua	Executives
Sun Qing Yan	Director
Ye Ze Gui	Supervisors
Sun Chun Hua	Executives
Wu Wei Min	Executives
Luo Qin Ming	Executives
Wang Fei	Supervisors

Zhejiang Fuchunjiang Environmental Thermoelectric Co (SZSE:002479) Headlines

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