Techking Tires (BJSE:920020) Days Payable: 28.70 (As of Jun. 2026) — 62% Below Median

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BJSE:920020 Techking Tires Ltd BJSE:920020
18 GF Score
Price ¥14.69
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What is Techking Tires Days Payable?

Techking Tires BJSE:920020 18 Days Payable is 28.70 as of Jun. 2026, which is 62% below its 10-year median of 74.59. GuruFocus rates BJSE:920020 with a GF Score™ of 18/100. Among 1,317 Vehicles & Parts companies, Techking Tires ranks better than 76.92% on this metric.

Techking Tires's average Accounts Payable for the three months ended in Jun. 2026 was ¥219 Mil. Techking Tires's Cost of Goods Sold for the three months ended in Jun. 2026 was ¥696 Mil. Hence, Techking Tires's Days Payable for the three months ended in Jun. 2026 was 28.70.

The historical rank and industry rank for Techking Tires's Days Payable or its related term are showing as below:

BJSE:920020' s Days Payable Range Over the Past 10 Years
Min: 56.73   Med: 74.59   Max: 130.29
Current: 121.36

During the past 4 years, Techking Tires's highest Days Payable was 130.29. The lowest was 56.73. And the median was 74.59.

BJSE:920020's Days Payable is ranked better than
76.92% of 1317 companies
in the Vehicles & Parts industry
Industry Median: 65.64 vs BJSE:920020: 121.36

Techking Tires's Days Payable increased from . 20 (0.00) to Jun. 2026 (28.70). It may suggest that Techking Tires delayed paying its suppliers.


Techking Tires Days Payable Historical Data

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The historical data trend for Techking Tires'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.

Techking Tires Days Payable Chart

Techking Tires Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Days Payable
29.90 36.01 49.36 39.48

Techking Tires Quarterly Data
Dec24 Mar25 Mar26 Jun26
Days Payable - 56.79 32.43 28.70

BJSE:920020 vs ORLY, AZO, GPC: Days Payable Comparison

For the Auto Parts subindustry, Techking Tires'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.


Techking Tires Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Techking Tires's Days Payable distribution charts can be found below:

* The bar in red indicates where Techking Tires's Days Payable falls into.


BJSE:920020
18GF Score
Techking Tires Ltd BJSE:920020
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Techking Tires 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.

Techking Tires's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (302.63744174 + 154.17128433) / 2 ) / 2111.8715795*365
=228.404363035 / 2111.8715795*365
=39.48

Techking Tires's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (214.36675643 + 223.42120342) / 2 ) / 695.98738334*365 / 4
=218.893979925 / 695.98738334*365 / 4
=28.70

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 28.70 mean?
Techking Tires (BJSE:920020) has a Days Payable of 28.70 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Techking Tires and its competitors. This is 62% below median its historical median of 74.59. Over the past decade, Techking Tires' Days Payable has ranged from 56.73 to 130.29. According to the industry distribution chart, Techking Tires ranks #304 out of 1317 companies in the Vehicles & Parts industry, placing it in the top 23.1%.
Is Techking Tires' Days Payable too high?
Techking Tires' current Days Payable of 28.70 is 62% below median its 10-year median of 74.59. Over the past 10 years, this metric has ranged from a low of 56.73 to a high of 130.29. The Vehicles & Parts industry median Days Payable is 65.64. Techking Tires' value of 28.70 is 56.3% below this industry median. Based on the distribution chart, Techking Tires ranks #304 out of 1317 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Techking Tires has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Techking Tires' Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Techking Tires ranks #304 out of 1317 companies for Days Payable. This places Techking Tires in the top 23% of its industry — outperforming the majority of peers. The industry median Days Payable is 65.64. Techking Tires' value of 28.70 is 56.3% below this benchmark. Historically, Techking Tires' own Days Payable has ranged from 56.73 to 130.29 over the past decade. While the company's 10-year median is 74.59 vs. the industry median of 65.64, Techking Tires has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 65.64, based on 1,317 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Techking Tires's current Days Payable of 28.70 is 56.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Techking Tires and its competitors. For the Vehicles & Parts industry, the median Days Payable is 65.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techking Tires's current Days Payable is 28.70, which is 62% below median its own 10-year median of 74.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techking Tires stock overvalued right now?
Techking Tires (BJSE:920020) has a current Days Payable of 28.70. The current Days Payable is 28.70, which is 62% below median its 10-year median of 74.59 and 56.3% below the Vehicles & Parts industry median of 65.64. Techking Tires' overall GF Score™ is 18/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Techking Tires (BJSE:920020), the current Days Payable is 28.70 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Techking Tires Business Description

Address Keyuanjingsan Road, Building 2, No. 6, Laoshan District, Qingdao, Shandong, CHN, 266061
Techking Tires Ltd is a company specializing in the design, development, sales, and service of tires for mining and construction equipment. The company offers various products and technical services, including tire manufacturing and rubber product sales. It also engages in technical consulting, development, and technology transfer, alongside import and export activities related to goods and technology. Techking serves both domestic and international markets with a focus on providing tires designed for specific applications, supported by an integrated product development system and localized marketing and service teams. The company aims to support the operational needs of the mining and construction industries by offering tailored tire solutions and related technical services.
18GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥14.69
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