Tansun Technology Co (SZSE:300872) Days Payable : 27.70 (As of Mar. 2024)

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What is Tansun Technology Co Days Payable?

Tansun Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥101 Mil. Tansun Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥331 Mil. Hence, Tansun Technology Co's Days Payable for the three months ended in Mar. 2024 was 27.70.

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

SZSE:300872' s Days Payable Range Over the Past 10 Years
Min: 6.17 Med: 15.11 Max: 79.05
Current: 21.44

During the past 10 years, Tansun Technology Co's highest Days Payable was 79.05. The lowest was 6.17. And the median was 15.11.

SZSE:300872's Days Payable is ranked worse than
77.45% of 2532 companies
in the Software industry
Industry Median: 50.275 vs SZSE:300872: 21.44

Tansun Technology Co's Days Payable increased from Mar. 2023 (13.66) to Mar. 2024 (27.70). It may suggest that Tansun Technology Co delayed paying its suppliers.

Tansun Technology Co Days Payable Historical Data

The historical data trend for Tansun 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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Tansun Technology Co Days Payable Chart

Tansun Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.54

6.17

9.82

17.47

28.48

Tansun Technology 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															13.66	9.37	25.32	32.09	27.70

Competitive Comparison of Tansun Technology Co's Days Payable

For the Information Technology Services subindustry, Tansun 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.

Tansun Technology Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Tansun Technology Co's Days Payable distribution charts can be found below:

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

Tansun 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.

Tansun 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
=	( (86.775	+	128.693)	/	2 )	/	1380.771	*	365
=	107.734					/	1380.771	*	365
=	28.48

Tansun 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
=	( (128.693	+	72.363)	/	2 )	/	331.193	*	365 / 4
=	100.528					/	331.193	*	365 / 4
=	27.70

Tansun Technology Co Days Payable Related Terms

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Tansun Technology Co (SZSE:300872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tansun Technology Co Ltd (SZSE:300872) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

No. 7 Linqionggang East 1st Road, Room 608, Block A, Tibet Xixin Trading Co., Ltd, Lhasa Economic and Technological Development Zone, Tibet Autonomous Region, Lhasa, CHN, 850000

Website

http://www.tansun.com.cn

Tansun Technology Co Ltd is engaged in independent research and development of core technologies and products, focusing on customer assets (credit, transaction banking and supply chain finance), risk management, core business systems. The company is focused on providing long-term IT solutions and services for financial industry customers, including central banks, political banks, state-owned banks, joint-stock banks, local commercial banks, and non-banking financial institutions. Its services include consulting and testing services.

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