Tieliu Co (SHSE:603926) Days Payable : 120.66 (As of Mar. 2024)

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What is Tieliu Co Days Payable?

Tieliu Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥597 Mil. Tieliu Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥452 Mil. Hence, Tieliu Co's Days Payable for the three months ended in Mar. 2024 was 120.66.

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

SHSE:603926' s Days Payable Range Over the Past 10 Years
Min: 54.5 Med: 98.62 Max: 117.63
Current: 111.51

During the past 12 years, Tieliu Co's highest Days Payable was 117.63. The lowest was 54.50. And the median was 98.62.

SHSE:603926's Days Payable is ranked better than
75.99% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 66.61 vs SHSE:603926: 111.51

Tieliu Co's Days Payable increased from Mar. 2023 (111.35) to Mar. 2024 (120.66). It may suggest that Tieliu Co delayed paying its suppliers.

Tieliu Co Days Payable Historical Data

The historical data trend for Tieliu 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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Tieliu Co Days Payable Chart

Tieliu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.98

100.30

117.63

113.38

109.47

Tieliu 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															111.35	103.14	118.27	107.10	120.66

Competitive Comparison of Tieliu Co's Days Payable

For the Auto Parts subindustry, Tieliu 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.

Tieliu Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tieliu Co's Days Payable distribution charts can be found below:

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

Tieliu 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.

Tieliu 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
=	( (505.033	+	584.242)	/	2 )	/	1815.896	*	365
=	544.6375					/	1815.896	*	365
=	109.47

Tieliu 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
=	( (584.242	+	610.004)	/	2 )	/	451.56	*	365 / 4
=	597.123					/	451.56	*	365 / 4
=	120.66

Tieliu Co Days Payable Related Terms

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Tieliu Co (SHSE:603926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tieliu Co Ltd (SHSE:603926) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 398, Xingguo Road, Linping Street, Linping, Zhejiang, Hangzhou, CHN, 311100

Website

http://www.chinaclutch.com

Tieliu Co Ltd is engaged in research & development, production and sales of automotive clutches.

Executives

Zhu Xiang Yang	senior management
Wu Ling Hai	Director
Cen Wei Feng	senior management
Xie Mao Qing	Director
Chen Hui Fang	senior management
Chen Jian Lin	senior management
Liu Yong	senior management
Zheng Cheng Fu	senior management

Tieliu Co (SHSE:603926) Headlines

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