Tianjin Tianbao Energy Co (HKSE:01671) Days Payable : 34.81 (As of Jun. 2024)

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What is Tianjin Tianbao Energy Co Days Payable?

Tianjin Tianbao Energy Co's average Accounts Payable for the six months ended in Jun. 2024 was HK$77.8 Mil. Tianjin Tianbao Energy Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$407.9 Mil. Hence, Tianjin Tianbao Energy Co's Days Payable for the six months ended in Jun. 2024 was 34.81.

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

HKSE:01671' s Days Payable Range Over the Past 10 Years
Min: 23.1 Med: 33.07 Max: 60.51
Current: 27.81

During the past 9 years, Tianjin Tianbao Energy Co's highest Days Payable was 60.51. The lowest was 23.10. And the median was 33.07.

HKSE:01671's Days Payable is ranked worse than
82.72% of 382 companies
in the Utilities - Independent Power Producers industry
Industry Median: 82.855 vs HKSE:01671: 27.81

Tianjin Tianbao Energy Co's Days Payable declined from Jun. 2023 (38.82) to Jun. 2024 (34.81). It may suggest that Tianjin Tianbao Energy Co accelerated paying its suppliers.

Tianjin Tianbao Energy Co Days Payable Historical Data

The historical data trend for Tianjin Tianbao Energy 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 Tianbao Energy Co Days Payable Chart

Tianjin Tianbao Energy Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

33.07

28.01

39.25

60.51

48.71

Tianjin Tianbao Energy Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial												62.61	62.23	38.82	24.60	34.81

Competitive Comparison of Tianjin Tianbao Energy Co's Days Payable

For the Utilities - Independent Power Producers subindustry, Tianjin Tianbao Energy 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 Tianbao Energy Co's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tianjin Tianbao Energy Co's Days Payable distribution charts can be found below:

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

Tianjin Tianbao Energy 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 Tianbao Energy 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
=	( (137.645	+	79.357)	/	2 )	/	813.016	*	365
=	108.501					/	813.016	*	365
=	48.71

Tianjin Tianbao Energy 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: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (79.357	+	76.266)	/	2 )	/	407.932	*	365 / 2
=	77.8115					/	407.932	*	365 / 2
=	34.81

Tianjin Tianbao Energy Co Days Payable Related Terms

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Tianjin Tianbao Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tianjin Tianbao Energy Co Ltd (HKSE:01671) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.35, Haibin 8th Road, Tianjin Port Free Trade Zone, Tianjin, CHN, 300461

Website

https://www.tjtbny.com

Tianjin Tianbao Energy Co Ltd is a power operator in the Tianjin Port Free Trade Zone (Seaport and Lingang). The company is engaged in the cogeneration of steam, together with electricity, heating and cooling. The company's operations comprise i) power generation and supply; ii) electricity dispatch and sale; iii) development and operation of distributed photovoltaic power generation stations and iv) contractual energy management, energy conservation management services, vehicle charging sales, electric vehicle charging infrastructure operation, and wind power generation technology services. Its operating segments include Electricity dispatch and sale business, Power generation and supply business, and Others. It derives revenue from Power generation and supply business.

Executives

Yuan Andy Yun Nan	2101 Beneficial owner
Tian Jin Bao Shui Qu Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Tian Bao Kong Gu You Xian Gong Si	2101 Beneficial owner

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