Tianjin Jinbin Development Co (SZSE:000897) Days Payable : 67.26 (As of Dec. 2023)

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What is Tianjin Jinbin Development Co Days Payable?

Tianjin Jinbin Development Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥500 Mil. Tianjin Jinbin Development Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥679 Mil. Hence, Tianjin Jinbin Development Co's Days Payable for the three months ended in Dec. 2023 was 67.26.

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

SZSE:000897' s Days Payable Range Over the Past 10 Years
Min: 109.48 Med: 209.93 Max: 1362.92
Current: 109.48

During the past 13 years, Tianjin Jinbin Development Co's highest Days Payable was 1362.92. The lowest was 109.48. And the median was 209.93.

SZSE:000897's Days Payable is ranked better than
53.66% of 1571 companies
in the Real Estate industry
Industry Median: 96.91 vs SZSE:000897: 109.48

Tianjin Jinbin Development Co's Days Payable declined from Dec. 2022 (78.75) to Dec. 2023 (67.26). It may suggest that Tianjin Jinbin Development Co accelerated paying its suppliers.

Tianjin Jinbin Development Co Days Payable Historical Data

The historical data trend for Tianjin Jinbin Development 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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Tianjin Jinbin Development Co Days Payable Chart

Tianjin Jinbin Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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382.46

130.96

126.67

231.03

120.82

Tianjin Jinbin Development 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															78.75	1,399.45	45.66	1,675.34	67.26

Competitive Comparison of Tianjin Jinbin Development Co's Days Payable

For the Real Estate - Development subindustry, Tianjin Jinbin Development 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.

Tianjin Jinbin Development Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tianjin Jinbin Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianjin Jinbin Development Co's Days Payable falls into.

Tianjin Jinbin Development 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.

Tianjin Jinbin Development 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
=	( (596.916	+	539.961)	/	2 )	/	1717.232	*	365
=	568.4385					/	1717.232	*	365
=	120.82

Tianjin Jinbin Development 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
=	( (460.849	+	539.961)	/	2 )	/	678.928	*	365 / 4
=	500.405					/	678.928	*	365 / 4
=	67.26

Tianjin Jinbin Development Co Days Payable Related Terms

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Tianjin Jinbin Development Co (SZSE:000897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tianjin Jinbin Development Co Ltd (SZSE:000897) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 2 Mingyuan Road, No. 5, Villa B2, Development Zone, Tianjin, CHN, 300457

Website

http://www.jbdc.com.cn

Tianjin Jinbin Development Co Ltd is primarily engaged in the property development and distribution, and house leasing businesses in China.

Tianjin Jinbin Development Co (SZSE:000897) Headlines

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