Zhejiang Tengy Environmental Technology Co (HKSE:01527) Days Payable : 139.00 (As of Dec. 2023)

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What is Zhejiang Tengy Environmental Technology Co Days Payable?

Zhejiang Tengy Environmental Technology Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$210.3 Mil. Zhejiang Tengy Environmental Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$276.1 Mil. Hence, Zhejiang Tengy Environmental Technology Co's Days Payable for the six months ended in Dec. 2023 was 139.00.

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

HKSE:01527' s Days Payable Range Over the Past 10 Years
Min: 149.62 Med: 213.77 Max: 263.78
Current: 149.62

During the past 10 years, Zhejiang Tengy Environmental Technology Co's highest Days Payable was 263.78. The lowest was 149.62. And the median was 213.77.

HKSE:01527's Days Payable is ranked better than
77.39% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs HKSE:01527: 149.62

Zhejiang Tengy Environmental Technology Co's Days Payable declined from Dec. 2022 (248.57) to Dec. 2023 (139.00). It may suggest that Zhejiang Tengy Environmental Technology Co accelerated paying its suppliers.

Zhejiang Tengy Environmental Technology Co Days Payable Historical Data

The historical data trend for Zhejiang Tengy Environmental 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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Zhejiang Tengy Environmental Technology Co Days Payable Chart

Zhejiang Tengy Environmental Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

223.77

224.30

163.72

252.35

152.29

Zhejiang Tengy Environmental Technology Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial														99.43	210.84	248.57	158.61	139.00

Competitive Comparison of Zhejiang Tengy Environmental Technology Co's Days Payable

For the Pollution & Treatment Controls subindustry, Zhejiang Tengy Environmental 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.

Zhejiang Tengy Environmental Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Tengy Environmental Technology Co's Days Payable distribution charts can be found below:

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

Zhejiang Tengy Environmental 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.

Zhejiang Tengy Environmental 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
=	( (224.137	+	213.331)	/	2 )	/	524.264	*	365
=	218.734					/	524.264	*	365
=	152.29

Zhejiang Tengy Environmental Technology 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (207.228	+	213.331)	/	2 )	/	276.093	*	365 / 2
=	210.2795					/	276.093	*	365 / 2
=	139.00

Zhejiang Tengy Environmental Technology Co Days Payable Related Terms

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Zhejiang Tengy Environmental Technology Co (HKSE:01527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tengy Environmental Technology Co Ltd (HKSE:01527) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

TENGY Industrial Park, Paitou Town, Zhejiang Province, Zhuji, CHN

Website

https://www.tengy.com

Zhejiang Tengy Environmental Technology Co Ltd is a China-based integrated atmospheric pollution control solution provider. Along with its subsidiaries, the firm is principally engaged in the design, development, manufacturing, installation, and sale of environmental pollution prevention equipment and electronic products. Its products include electrostatic precipitators, bag filter precipitators, electrostatic-bag composite precipitators, and others. The organization generates revenue from the sale of environmental protection equipment. Its geographical segments are Mainland China and Other countries, of which maximum revenue is derived from the sales made in Mainland China.

Executives

Shou Erjun

2101 Beneficial owner

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