Xinjiang Beiken Energy Engineering Co (SZSE:002828) Days Payable : 390.85 (As of Mar. 2024)

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What is Xinjiang Beiken Energy Engineering Co Days Payable?

Xinjiang Beiken Energy Engineering Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥548 Mil. Xinjiang Beiken Energy Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥128 Mil. Hence, Xinjiang Beiken Energy Engineering Co's Days Payable for the three months ended in Mar. 2024 was 390.85.

The historical rank and industry rank for Xinjiang Beiken Energy Engineering Co's Days Payable or its related term are showing as below:

SZSE:002828' s Days Payable Range Over the Past 10 Years
Min: 174.72 Med: 253.31 Max: 420.49
Current: 251.03

During the past 13 years, Xinjiang Beiken Energy Engineering Co's highest Days Payable was 420.49. The lowest was 174.72. And the median was 253.31.

SZSE:002828's Days Payable is ranked better than
84.89% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs SZSE:002828: 251.03

Xinjiang Beiken Energy Engineering Co's Days Payable declined from Mar. 2023 (502.68) to Mar. 2024 (390.85). It may suggest that Xinjiang Beiken Energy Engineering Co accelerated paying its suppliers.

Xinjiang Beiken Energy Engineering Co Days Payable Historical Data

The historical data trend for Xinjiang Beiken Energy Engineering 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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Xinjiang Beiken Energy Engineering Co Days Payable Chart

Xinjiang Beiken Energy Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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220.67

420.49

298.95

365.52

264.27

Xinjiang Beiken Energy Engineering 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															502.68	245.72	241.05	194.82	390.85

Competitive Comparison of Xinjiang Beiken Energy Engineering Co's Days Payable

For the Oil & Gas Drilling subindustry, Xinjiang Beiken Energy Engineering 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.

Xinjiang Beiken Energy Engineering Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Xinjiang Beiken Energy Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xinjiang Beiken Energy Engineering Co's Days Payable falls into.

Xinjiang Beiken Energy Engineering 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.

Xinjiang Beiken Energy Engineering 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
=	( (626.53	+	532.987)	/	2 )	/	800.752	*	365
=	579.7585					/	800.752	*	365
=	264.27

Xinjiang Beiken Energy Engineering 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
=	( (532.987	+	563.104)	/	2 )	/	127.949	*	365 / 4
=	548.0455					/	127.949	*	365 / 4
=	390.85

Xinjiang Beiken Energy Engineering Co Days Payable Related Terms

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Xinjiang Beiken Energy Engineering Co (SZSE:002828) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Xinjiang Beiken Energy Engineering Co Ltd (SZSE:002828) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.91, Gateway Road, Baijiantan District, Xinjiang Uygur Autonomous Region, Karamay, CHN, 834009

Website

http://www.beiken.com

Xinjiang Beiken Energy Engineering Co Ltd provides drilling engineering technical service and other oilfield technical services in the procedure of gas and oil exploration and development. It offers drilling, cementing, and drilling fluid service.

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