Xinjiang Tianye Co (SHSE:600075) Days Payable : 116.88 (As of Mar. 2024)

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What is Xinjiang Tianye Co Days Payable?

Xinjiang Tianye Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,666 Mil. Xinjiang Tianye Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,081 Mil. Hence, Xinjiang Tianye Co's Days Payable for the three months ended in Mar. 2024 was 116.88.

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

SHSE:600075' s Days Payable Range Over the Past 10 Years
Min: 57.67 Med: 94.51 Max: 135.44
Current: 86.06

During the past 13 years, Xinjiang Tianye Co's highest Days Payable was 135.44. The lowest was 57.67. And the median was 94.51.

SHSE:600075's Days Payable is ranked better than
68.95% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs SHSE:600075: 86.06

Xinjiang Tianye Co's Days Payable increased from Mar. 2023 (70.00) to Mar. 2024 (116.88). It may suggest that Xinjiang Tianye Co delayed paying its suppliers.

Xinjiang Tianye Co Days Payable Historical Data

The historical data trend for Xinjiang Tianye 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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Xinjiang Tianye Co Days Payable Chart

Xinjiang Tianye Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

57.67

89.14

85.27

69.66

86.74

Xinjiang Tianye 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															70.00	63.47	92.48	87.84	116.88

Competitive Comparison of Xinjiang Tianye Co's Days Payable

For the Chemicals subindustry, Xinjiang Tianye 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.

Xinjiang Tianye Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Xinjiang Tianye Co's Days Payable distribution charts can be found below:

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

Xinjiang Tianye 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.

Xinjiang Tianye 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
=	( (2449.382	+	2636.451)	/	2 )	/	10699.993	*	365
=	2542.9165					/	10699.993	*	365
=	86.74

Xinjiang Tianye 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
=	( (2636.451	+	2694.618)	/	2 )	/	2081.018	*	365 / 4
=	2665.5345					/	2081.018	*	365 / 4
=	116.88

Xinjiang Tianye Co Days Payable Related Terms

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Xinjiang Tianye Co (SHSE:600075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinjiang Tianye Co Ltd (SHSE:600075) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 36 Beisan East Road, Economic Development Zone, Shihezi, Xinjiang, CHN, 832000

Website

http://www.xj-tianye.com

Xinjiang Tianye Co Ltd manufactures and sells chemical products in China and internationally. It offers various chemical products, such as ethylene glycol, butanediol, PVC resins, PVC paste resins, and caustic soda. The company also offers water savings products, including pressure compensating driplines, drip tapes with side flippers, agriculture unplasticized polyvinyl chloride (U-PVC) pipes, and PE hoses modified with nanomaterials.

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