Zhejiang Tengen Electric Co (SHSE:605066) Days Payable : 220.04 (As of Mar. 2024)

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What is Zhejiang Tengen Electric Co Days Payable?

Zhejiang Tengen Electric Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,196 Mil. Zhejiang Tengen Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥496 Mil. Hence, Zhejiang Tengen Electric Co's Days Payable for the three months ended in Mar. 2024 was 220.04.

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

SHSE:605066' s Days Payable Range Over the Past 10 Years
Min: 181.32 Med: 193.01 Max: 207.4
Current: 189.37

During the past 8 years, Zhejiang Tengen Electric Co's highest Days Payable was 207.40. The lowest was 181.32. And the median was 193.01.

SHSE:605066's Days Payable is ranked better than
89.96% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs SHSE:605066: 189.37

Zhejiang Tengen Electric Co's Days Payable increased from Mar. 2023 (184.56) to Mar. 2024 (220.04). It may suggest that Zhejiang Tengen Electric Co delayed paying its suppliers.

Zhejiang Tengen Electric Co Days Payable Historical Data

The historical data trend for Zhejiang Tengen Electric 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 Tengen Electric Co Days Payable Chart

Zhejiang Tengen Electric Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

186.82

192.36

181.32

207.40

184.70

Zhejiang Tengen Electric 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															184.56	175.74	184.79	187.98	220.04

Competitive Comparison of Zhejiang Tengen Electric Co's Days Payable

For the Electronic Components subindustry, Zhejiang Tengen Electric 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 Tengen Electric Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhejiang Tengen Electric Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Tengen Electric Co's Days Payable falls into.

Zhejiang Tengen Electric 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 Tengen Electric 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
=	( (903.978	+	1237.761)	/	2 )	/	2116.27	*	365
=	1070.8695					/	2116.27	*	365
=	184.70

Zhejiang Tengen Electric 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
=	( (1237.761	+	1154.713)	/	2 )	/	496.07	*	365 / 4
=	1196.237					/	496.07	*	365 / 4
=	220.04

Zhejiang Tengen Electric Co Days Payable Related Terms

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Zhejiang Tengen Electric Co (SHSE:605066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Tengen Electric Co Ltd (SHSE:605066) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Sulu Industrial Zone, Liushi Town, Zhejiang Province, Yueqing, CHN, 325604

Website

http://www.tengen.com

Zhejiang Tengen Electric Co Ltd is engaged in production and sales of low-voltage electrical products such as power distribution appliances, control appliances, terminal appliances, power appliances, and instrument appliances. The company produces industrial electrical products such as low-voltage power distribution and industrial control electrical appliances, smart meters, power supplies, frequency converters, high-voltage electrical appliances, and construction electrical appliances, for electric power, communications, new energy, industrial and civil construction, metallurgy, petrochemical, machinery manufacturing.

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