Weihai Tiangang Instrument Co (BJSE:832651) Days Payable : 263.48 (As of Jun. 2024)

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What is Weihai Tiangang Instrument Co Days Payable?

Weihai Tiangang Instrument Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥103.6 Mil. Weihai Tiangang Instrument Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥35.9 Mil. Hence, Weihai Tiangang Instrument Co's Days Payable for the three months ended in Jun. 2024 was 263.48.

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

BJSE:832651' s Days Payable Range Over the Past 10 Years
Min: 67.73 Med: 222.08 Max: 286.29
Current: 283.18

During the past 10 years, Weihai Tiangang Instrument Co's highest Days Payable was 286.29. The lowest was 67.73. And the median was 222.08.

BJSE:832651's Days Payable is ranked better than
94.96% of 2420 companies
in the Hardware industry
Industry Median: 68.235 vs BJSE:832651: 283.18

Weihai Tiangang Instrument Co's Days Payable declined from Jun. 2023 (276.62) to Jun. 2024 (263.48). It may suggest that Weihai Tiangang Instrument Co accelerated paying its suppliers.

Weihai Tiangang Instrument Co Days Payable Historical Data

The historical data trend for Weihai Tiangang Instrument 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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Weihai Tiangang Instrument Co Days Payable Chart

Weihai Tiangang Instrument Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

203.60

215.80

279.58

286.29

281.23

Weihai Tiangang Instrument Co Quarterly Data
	Jun18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															276.62	211.43	263.44	566.74	263.48

Competitive Comparison of Weihai Tiangang Instrument Co's Days Payable

For the Scientific & Technical Instruments subindustry, Weihai Tiangang Instrument 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.

Weihai Tiangang Instrument Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Weihai Tiangang Instrument Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Weihai Tiangang Instrument Co's Days Payable falls into.

Weihai Tiangang Instrument 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.

Weihai Tiangang Instrument Co'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
=	( (90.7	+	89.782)	/	2 )	/	117.123	*	365
=	90.241					/	117.123	*	365
=	281.23

Weihai Tiangang Instrument Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (99.626	+	107.627)	/	2 )	/	35.889	*	365 / 4
=	103.6265					/	35.889	*	365 / 4
=	263.48

Weihai Tiangang Instrument Co Days Payable Related Terms

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Weihai Tiangang Instrument Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Weihai Tiangang Instrument Co Ltd (BJSE:832651) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28-1, Hengrui Street, Weihai High-tech Industrial Development Zone, Huancui District, Shandong Province, Weihai City, CHN, 264200

Website

http://www.plou.cn

Weihai Tiangang Instrument Co Ltd engages in research and development, production, and sales of IoT ultrasonic measuring instruments such as ultrasonic heat meters, ultrasonic flow sensors, data transmission products, and ultrasonic water meters.

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