Tantech Holdings (Tantech Holdings) Days Payable : 28.42 (As of Jun. 2023)

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What is Tantech Holdings Days Payable?

Tantech Holdings's average Accounts Payable for the six months ended in Jun. 2023 was $2.44 Mil. Tantech Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $15.69 Mil. Hence, Tantech Holdings's Days Payable for the six months ended in Jun. 2023 was 28.42.

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

TANH' s Days Payable Range Over the Past 10 Years
Min: 12.65 Med: 26.66 Max: 66.61
Current: 23.82

During the past 11 years, Tantech Holdings's highest Days Payable was 66.61. The lowest was 12.65. And the median was 26.66.

TANH's Days Payable is ranked worse than
81.16% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 45.7 vs TANH: 23.82

Tantech Holdings's Days Payable increased from Jun. 2022 (16.51) to Jun. 2023 (28.42). It may suggest that Tantech Holdings delayed paying its suppliers.

Tantech Holdings Days Payable Historical Data

The historical data trend for Tantech Holdings'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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Tantech Holdings Days Payable Chart

Tantech Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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66.61

17.62

15.42

12.65

15.49

Tantech Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															21.08	12.53	16.51	19.16	28.42

Competitive Comparison of Tantech Holdings's Days Payable

For the Household & Personal Products subindustry, Tantech Holdings'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.

Tantech Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tantech Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Tantech Holdings's Days Payable falls into.

Tantech Holdings 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.

Tantech Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.564	+	2.119)	/	2 )	/	43.397	*	365
=	1.8415					/	43.397	*	365
=	15.49

Tantech Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (2.119	+	2.766)	/	2 )	/	15.687	*	365 / 2
=	2.4425					/	15.687	*	365 / 2
=	28.42

Tantech Holdings Days Payable Related Terms

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Tantech Holdings (Tantech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tantech Holdings Ltd (NAS:TANH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Tantech Holdings (Lishui) Co., Ltd, No. 10 Cen Shan Road, Shuige Industrial Zone, Zhejiang Province, Lishui, CHN, 323000

Website

http://www.tantech.cn

Tantech Holdings Ltd manufactures bamboo charcoal-based products. The company through its subsidiaries is engaged in the production and distribution of household products along with a trading business which involves the export of charcoal products. It also manufactures electric double-layer capacitors carbon materials and low-emission barbecue charcoal. Its product portfolio includes air purifiers and humidifiers, underfloor humidity control, pillows and mattresses, wardrobe deodorizers, mousepads, and wrist mats, refrigerator deodorant, and charcoal toilet cleaner disks. The company has three reportable segments; the Consumer Product segment, the Electric Vehicle (EV) segment, and the Biodegradable Packaging segment.