Tianjin TEDA Biomedical Engineering Co (HKSE:08189) Days Payable : 17.73 (As of Dec. 2023)

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What is Tianjin TEDA Biomedical Engineering Co Days Payable?

Tianjin TEDA Biomedical Engineering Co's average Accounts Payable for the three months ended in Dec. 2023 was HK$17.6 Mil. Tianjin TEDA Biomedical Engineering Co's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$90.7 Mil. Hence, Tianjin TEDA Biomedical Engineering Co's Days Payable for the three months ended in Dec. 2023 was 17.73.

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

HKSE:08189' s Days Payable Range Over the Past 10 Years
Min: 15.21 Med: 30.19 Max: 49.88
Current: 15.21

During the past 13 years, Tianjin TEDA Biomedical Engineering Co's highest Days Payable was 49.88. The lowest was 15.21. And the median was 30.19.

HKSE:08189's Days Payable is ranked worse than
92.34% of 235 companies
in the Agriculture industry
Industry Median: 74.72 vs HKSE:08189: 15.21

Tianjin TEDA Biomedical Engineering Co's Days Payable declined from Dec. 2022 (19.88) to Dec. 2023 (17.73). It may suggest that Tianjin TEDA Biomedical Engineering Co accelerated paying its suppliers.

Tianjin TEDA Biomedical Engineering Co Days Payable Historical Data

The historical data trend for Tianjin TEDA Biomedical Engineering 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 TEDA Biomedical Engineering Co Days Payable Chart

Tianjin TEDA Biomedical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

33.99

34.32

30.46

24.92

18.06

Tianjin TEDA Biomedical Engineering Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															19.88	22.24	9.51	8.09	17.73

Competitive Comparison of Tianjin TEDA Biomedical Engineering Co's Days Payable

For the Agricultural Inputs subindustry, Tianjin TEDA Biomedical Engineering 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 TEDA Biomedical Engineering Co's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Tianjin TEDA Biomedical Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianjin TEDA Biomedical Engineering Co's Days Payable falls into.

Tianjin TEDA Biomedical Engineering 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 TEDA Biomedical Engineering 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
=	( (23.142	+	17.617)	/	2 )	/	411.952	*	365
=	20.3795					/	411.952	*	365
=	18.06

Tianjin TEDA Biomedical Engineering Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	17.617)	/	1 )	/	90.677	*	365 / 4
=	17.617					/	90.677	*	365 / 4
=	17.73

Tianjin TEDA Biomedical Engineering Co Days Payable Related Terms

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Tianjin TEDA Biomedical Engineering Co (HKSE:08189) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Tianjin TEDA Biomedical Engineering Co Ltd (HKSE:08189) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 80, The 4th Avenue, 9th Floor, Block A2, Tianda Hi-Tech Park, TEDA Tianjin, Tianjin, CHN

Website

http://www.bioteda.com

Tianjin TEDA Biomedical Engineering Co Ltd is engaged in the research, development, and commercialization of biological compound fertilizers, medical and health products. It operates in two segments namely manufacturing and selling biological compound fertilizers and providing elderly care and health care services. The People's Republic of China is a primary geographical market for the company.

Executives

Long Ortiz

2101 Beneficial owner

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