Tsingtao Brewery Co (Tsingtao Brewery Co) Days Payable

: 159.27 (As of Dec. 2023)

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Tsingtao Brewery Co's average Accounts Payable for the three months ended in Dec. 2023 was $524 Mil. Tsingtao Brewery Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $301 Mil. Hence, Tsingtao Brewery Co's Days Payable for the three months ended in Dec. 2023 was 159.27.

The historical rank and industry rank for Tsingtao Brewery Co's Days Payable or its related term are showing as below:

TSGTF' s Days Payable Range Over the Past 10 Years
Min: 51.89 Med: 55.74 Max: 73.19
Current: 73.19

During the past 13 years, Tsingtao Brewery Co's highest Days Payable was 73.19. The lowest was 51.89. And the median was 55.74.

TSGTF's Days Payable is ranked worse than
55.67% of 203 companies
in the Beverages - Alcoholic industry
Industry Median: 82.42 vs TSGTF: 73.19

Tsingtao Brewery Co's Days Payable declined from Dec. 2022 (163.07) to Dec. 2023 (159.27). It may suggest that Tsingtao Brewery Co accelerated paying its suppliers.

Tsingtao Brewery Co Days Payable Historical Data

The historical data trend for Tsingtao Brewery 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 53.52 [6] => 50.25 [7] => 56.81 [8] => 65.32 [9] => 60.46 )

Tsingtao Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

53.52

50.25

56.81

65.32

60.46

Tsingtao Brewery Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																163.07	56.06	68.55	79.52	159.27

Competitive Comparison

For the Beverages - Brewers subindustry, Tsingtao Brewery 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.

Tsingtao Brewery Co Days Payable Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tsingtao Brewery Co's Days Payable falls into.

Tsingtao Brewery 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.

Tsingtao Brewery 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
=	( (525.241	+	440.673)	/	2 )	/	2915.449	*	365
=	482.957					/	2915.449	*	365
=	60.46

Tsingtao Brewery Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (608.32	+	440.673)	/	2 )	/	300.502	*	365 / 4
=	524.4965					/	300.502	*	365 / 4
=	159.27

Tsingtao Brewery Co Days Payable Related Terms

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Tsingtao Brewery Co (Tsingtao Brewery Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (OTCPK:TSGTF) » Definitions » Days Payable

Traded in Other Exchanges

TSGTY:USA 00168:Hong Kong TSI:Germany 600600:China

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.

Tsingtao Brewery Co (Tsingtao Brewery Co) Days Payable

Tsingtao Brewery Co Days Payable Historical Data

Tsingtao Brewery Co Days Payable Calculation

Tsingtao Brewery Co Days Payable Related Terms

Tsingtao Brewery Co (Tsingtao Brewery Co) Business Description

Tsingtao Brewery Co (Tsingtao Brewery Co) Headlines