Tianneng Battery Group Co (SHSE:688819) Days Payable : 71.57 (As of Dec. 2023)

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What is Tianneng Battery Group Co Days Payable?

Tianneng Battery Group Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥8,299 Mil. Tianneng Battery Group Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥10,580 Mil. Hence, Tianneng Battery Group Co's Days Payable for the three months ended in Dec. 2023 was 71.57.

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

SHSE:688819' s Days Payable Range Over the Past 10 Years
Min: 27.76 Med: 57.09 Max: 82.29
Current: 81.59

During the past 13 years, Tianneng Battery Group Co's highest Days Payable was 82.29. The lowest was 27.76. And the median was 57.09.

SHSE:688819's Days Payable is ranked better than
62.09% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs SHSE:688819: 81.59

Tianneng Battery Group Co's Days Payable declined from Dec. 2022 (77.84) to Dec. 2023 (71.57). It may suggest that Tianneng Battery Group Co accelerated paying its suppliers.

Tianneng Battery Group Co Days Payable Historical Data

The historical data trend for Tianneng Battery Group 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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Tianneng Battery Group Co Days Payable Chart

Tianneng Battery Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

44.45

62.32

62.68

82.29

79.77

Tianneng Battery Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															77.84	99.20	95.35	68.33	71.57

Competitive Comparison of Tianneng Battery Group Co's Days Payable

For the Auto Parts subindustry, Tianneng Battery Group 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.

Tianneng Battery Group Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tianneng Battery Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianneng Battery Group Co's Days Payable falls into.

Tianneng Battery Group 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.

Tianneng Battery Group 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
=	( (9056.714	+	8151.584)	/	2 )	/	39367.976	*	365
=	8604.149					/	39367.976	*	365
=	79.77

Tianneng Battery Group Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8446.278	+	8151.584)	/	2 )	/	10580.283	*	365 / 4
=	8298.931					/	10580.283	*	365 / 4
=	71.57

Tianneng Battery Group Co Days Payable Related Terms

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Tianneng Battery Group Co (SHSE:688819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tianneng Battery Group Co Ltd (SHSE:688819) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

18 Baoqiao Road, uaxi Industrial Function Zone, Zhejiang, CHN, 313100

Website

http://www.tiannenggroup.com

Tianneng Battery Group Co Ltd is engaged in the research and development, production and sales of new energy vehicle lithium batteries, automobile start-stop batteries, and wind energy solar energy storage batteries, as well as reuse and recycling of used batteries, urban intelligent micro-grid construction, and green intellectual industrial park construction into one entity.

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