Tieling Newcity Investment Holding (Group) (SZSE:000809) Days Payable : 4,855.95 (As of Mar. 2024)

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What is Tieling Newcity Investment Holding (Group) Days Payable?

Tieling Newcity Investment Holding (Group)'s average Accounts Payable for the three months ended in Mar. 2024 was ¥337.92 Mil. Tieling Newcity Investment Holding (Group)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6.35 Mil. Hence, Tieling Newcity Investment Holding (Group)'s Days Payable for the three months ended in Mar. 2024 was 4,855.95.

The historical rank and industry rank for Tieling Newcity Investment Holding (Group)'s Days Payable or its related term are showing as below:

SZSE:000809' s Days Payable Range Over the Past 10 Years
Min: 64.91 Med: 1395.55 Max: 4691.54
Current: 4691.54

During the past 13 years, Tieling Newcity Investment Holding (Group)'s highest Days Payable was 4691.54. The lowest was 64.91. And the median was 1395.55.

SZSE:000809's Days Payable is ranked better than
98.48% of 1575 companies
in the Real Estate industry
Industry Median: 96.91 vs SZSE:000809: 4691.54

Tieling Newcity Investment Holding (Group)'s Days Payable increased from Mar. 2023 (4,143.59) to Mar. 2024 (4,855.95). It may suggest that Tieling Newcity Investment Holding (Group) delayed paying its suppliers.

Tieling Newcity Investment Holding (Group) Days Payable Historical Data

The historical data trend for Tieling Newcity Investment Holding (Group)'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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Tieling Newcity Investment Holding (Group) Days Payable Chart

Tieling Newcity Investment Holding (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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564.19

772.49

1,280.22

786.09

4,582.62

Tieling Newcity Investment Holding (Group) 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															4,143.59	5,014.55	4,539.97	4,414.24	4,855.95

Competitive Comparison of Tieling Newcity Investment Holding (Group)'s Days Payable

For the Real Estate - Development subindustry, Tieling Newcity Investment Holding (Group)'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.

Tieling Newcity Investment Holding (Group)'s Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tieling Newcity Investment Holding (Group)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Tieling Newcity Investment Holding (Group)'s Days Payable falls into.

Tieling Newcity Investment Holding (Group) 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.

Tieling Newcity Investment Holding (Group)'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
=	( (317.127	+	337.372)	/	2 )	/	26.065	*	365
=	327.2495					/	26.065	*	365
=	4,582.62

Tieling Newcity Investment Holding (Group)'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
=	( (337.372	+	338.47)	/	2 )	/	6.35	*	365 / 4
=	337.921					/	6.35	*	365 / 4
=	4,855.95

Tieling Newcity Investment Holding (Group) Days Payable Related Terms

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Tieling Newcity Investment Holding (Group) (SZSE:000809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tieling Newcity Investment Holding (Group) Ltd (SZSE:000809) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 12, Jinshajiang Road, Fanhe New District, Liaoning Province, Tieling, CHN, 112000

Website

http://www.tielingnewcity.com.cn

Tieling Newcity Investment Holding Ltd is a China-based company engaged in the land development projects. Its business activities include first-level development business and urban operations. The first-level development business division includes municipal infrastructure construction and land project development. And the urban operations division includes water supply, sewage treatment, taxi operations, and advertising media.

Tieling Newcity Investment Holding (Group) (SZSE:000809) Headlines

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