Changzhou Tonghui Electronic Co (BJSE:833509) Days Payable : 65.03 (As of Mar. 2024)

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What is Changzhou Tonghui Electronic Co Days Payable?

Changzhou Tonghui Electronic Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥10.4 Mil. Changzhou Tonghui Electronic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥14.6 Mil. Hence, Changzhou Tonghui Electronic Co's Days Payable for the three months ended in Mar. 2024 was 65.03.

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

BJSE:833509' s Days Payable Range Over the Past 10 Years
Min: 59.04 Med: 78.78 Max: 101.86
Current: 59.04

During the past 11 years, Changzhou Tonghui Electronic Co's highest Days Payable was 101.86. The lowest was 59.04. And the median was 78.78.

BJSE:833509's Days Payable is ranked worse than
58.96% of 2427 companies
in the Hardware industry
Industry Median: 68.09 vs BJSE:833509: 59.04

Changzhou Tonghui Electronic Co's Days Payable declined from Mar. 2023 (110.15) to Mar. 2024 (65.03). It may suggest that Changzhou Tonghui Electronic Co accelerated paying its suppliers.

Changzhou Tonghui Electronic Co Days Payable Historical Data

The historical data trend for Changzhou Tonghui Electronic 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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Changzhou Tonghui Electronic Co Days Payable Chart

Changzhou Tonghui Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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84.35

87.41

101.86

91.05

61.99

Changzhou Tonghui Electronic 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															110.15	73.21	72.31	32.63	65.03

Competitive Comparison of Changzhou Tonghui Electronic Co's Days Payable

For the Scientific & Technical Instruments subindustry, Changzhou Tonghui Electronic 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.

Changzhou Tonghui Electronic Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Changzhou Tonghui Electronic Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changzhou Tonghui Electronic Co's Days Payable falls into.

Changzhou Tonghui Electronic 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.

Changzhou Tonghui Electronic 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
=	( (15.752	+	8.928)	/	2 )	/	72.654	*	365
=	12.34					/	72.654	*	365
=	61.99

Changzhou Tonghui Electronic 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
=	( (8.928	+	11.944)	/	2 )	/	14.643	*	365 / 4
=	10.436					/	14.643	*	365 / 4
=	65.03

Changzhou Tonghui Electronic Co Days Payable Related Terms

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Changzhou Tonghui Electronic Co (BJSE:833509) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Changzhou Tonghui Electronic Co Ltd (BJSE:833509) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Xinzhu Road,, Xinbei District, Jiangsu Province, Changzhou City, CHN, 213022

Website

https://www.tonghui.com.cn

Changzhou Tonghui Electronic Co Ltd operates as a manufacturer of electronic test and measurement instruments. Its product categories include Component Parameter Tester, Micro Signal Type Tester, Power Electronic Tester, Electrical Safety Tester and Cable Tester, and Accessories.

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