TongFu Microelectronics Co (SZSE:002156) Days Payable : 74.24 (As of Mar. 2024)

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What is TongFu Microelectronics Co Days Payable?

TongFu Microelectronics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,776 Mil. TongFu Microelectronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,641 Mil. Hence, TongFu Microelectronics Co's Days Payable for the three months ended in Mar. 2024 was 74.24.

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

SZSE:002156' s Days Payable Range Over the Past 10 Years
Min: 90.77 Med: 100.99 Max: 112.27
Current: 90.77

During the past 13 years, TongFu Microelectronics Co's highest Days Payable was 112.27. The lowest was 90.77. And the median was 100.99.

SZSE:002156's Days Payable is ranked better than
73.67% of 961 companies
in the Semiconductors industry
Industry Median: 51.94 vs SZSE:002156: 90.77

TongFu Microelectronics Co's Days Payable declined from Mar. 2023 (129.94) to Mar. 2024 (74.24). It may suggest that TongFu Microelectronics Co accelerated paying its suppliers.

TongFu Microelectronics Co Days Payable Historical Data

The historical data trend for TongFu Microelectronics 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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TongFu Microelectronics Co Days Payable Chart

TongFu Microelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

96.75

91.75

92.38

99.91

91.36

TongFu Microelectronics 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															129.94	99.82	75.58	67.34	74.24

Competitive Comparison of TongFu Microelectronics Co's Days Payable

For the Semiconductor Equipment & Materials subindustry, TongFu Microelectronics 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.

TongFu Microelectronics Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, TongFu Microelectronics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where TongFu Microelectronics Co's Days Payable falls into.

TongFu Microelectronics 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.

TongFu Microelectronics 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
=	( (6032.39	+	3815.033)	/	2 )	/	19671.137	*	365
=	4923.7115					/	19671.137	*	365
=	91.36

TongFu Microelectronics 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
=	( (3815.033	+	3737.013)	/	2 )	/	4640.886	*	365 / 4
=	3776.023					/	4640.886	*	365 / 4
=	74.24

TongFu Microelectronics Co Days Payable Related Terms

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TongFu Microelectronics Co (SZSE:002156) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TongFu Microelectronics Co Ltd (SZSE:002156) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 288 Chongchuan Road, Chongchuan Development Zone, Jiangsu province, Nantong, CHN, 226006

Website

https://www.tfme.com

TongFu Microelectronics Co Ltd operates in the semiconductor industry. The company is specializing in integrated circuit assembling and testing. The company provides customers with a full range of test platforms and engineering services to support a wide range of analog and mixed-signal, automotive, radio frequency, digital semiconductor devices, baseband, and application specific integrated circuits. Its other products and services include wafer bump services, probe, final test and post-test services.

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