Shanghai Tieda Electronic and Information Technology Co (BJSE:872541) Days Payable : 288.51 (As of Mar. 2024)

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What is Shanghai Tieda Electronic and Information Technology Co Days Payable?

Shanghai Tieda Electronic and Information Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥73.9 Mil. Shanghai Tieda Electronic and Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥23.4 Mil. Hence, Shanghai Tieda Electronic and Information Technology Co's Days Payable for the three months ended in Mar. 2024 was 288.51.

The historical rank and industry rank for Shanghai Tieda Electronic and Information Technology Co's Days Payable or its related term are showing as below:

BJSE:872541' s Days Payable Range Over the Past 10 Years
Min: 117.65 Med: 189.71 Max: 215.12
Current: 198.08

During the past 9 years, Shanghai Tieda Electronic and Information Technology Co's highest Days Payable was 215.12. The lowest was 117.65. And the median was 189.71.

BJSE:872541's Days Payable is ranked better than
90.38% of 2422 companies
in the Hardware industry
Industry Median: 67.915 vs BJSE:872541: 198.08

Shanghai Tieda Electronic and Information Technology Co's Days Payable increased from Mar. 2023 (196.53) to Mar. 2024 (288.51). It may suggest that Shanghai Tieda Electronic and Information Technology Co delayed paying its suppliers.

Shanghai Tieda Electronic and Information Technology Co Days Payable Historical Data

The historical data trend for Shanghai Tieda Electronic and Information Technology 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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Shanghai Tieda Electronic and Information Technology Co Days Payable Chart

Shanghai Tieda Electronic and Information Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

202.13

215.12

200.85

189.71

192.26

Shanghai Tieda Electronic and Information Technology Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															196.53	183.41	206.47	152.82	288.51

Competitive Comparison of Shanghai Tieda Electronic and Information Technology Co's Days Payable

For the Scientific & Technical Instruments subindustry, Shanghai Tieda Electronic and Information Technology 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.

Shanghai Tieda Electronic and Information Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shanghai Tieda Electronic and Information Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Tieda Electronic and Information Technology Co's Days Payable falls into.

Shanghai Tieda Electronic and Information Technology 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.

Shanghai Tieda Electronic and Information Technology 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
=	( (68.46	+	76.651)	/	2 )	/	137.742	*	365
=	72.5555					/	137.742	*	365
=	192.26

Shanghai Tieda Electronic and Information Technology 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
=	( (76.651	+	71.067)	/	2 )	/	23.36	*	365 / 4
=	73.859					/	23.36	*	365 / 4
=	288.51

Shanghai Tieda Electronic and Information Technology Co Days Payable Related Terms

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Shanghai Tieda Electronic and Information Technology Co (BJSE:872541) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Tieda Electronic and Information Technology Co Ltd (BJSE:872541) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 6, Lane 1755, Rongbei Road, Nanxiang Town, Jiading District, Shanghai, CHN, 201802

Website

http://www.tddx.com.cn

Shanghai Tieda Electronic and Information Technology Co Ltd is engaged in the development, production, and sales of communication signal products. It mainly engages in design, research and development, manufacturing, sales, engineering, and service of signal products and providing industry solutions. The core products include centralized signal monitoring system, integrated lightning protection system for signal (communication) equipment, LED signal machine, wireless shunting locomotive signal and monitoring system, and power management information system.

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