Tonking New Energy Group Holdings (HKSE:08326) Days Payable : 0.00 (As of Sep. 2024)

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What is Tonking New Energy Group Holdings Days Payable?

Tonking New Energy Group Holdings's average Accounts Payable for the three months ended in Sep. 2024 was HK$194.8 Mil. Tonking New Energy Group Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was HK$0.0 Mil.

The historical rank and industry rank for Tonking New Energy Group Holdings's Days Payable or its related term are showing as below:

HKSE:08326' s Days Payable Range Over the Past 10 Years
Min: 31.22 Med: 77.96 Max: 236.5
Current: 236.5

During the past 12 years, Tonking New Energy Group Holdings's highest Days Payable was 236.50. The lowest was 31.22. And the median was 77.96.

HKSE:08326's Days Payable is ranked better than
77.78% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 80.28 vs HKSE:08326: 236.50

Tonking New Energy Group Holdings's Days Payable declined from Mar. 2023 (53.00) to Sep. 2024 (0.00). It may suggest that Tonking New Energy Group Holdings accelerated paying its suppliers.

Tonking New Energy Group Holdings Days Payable Historical Data

The historical data trend for Tonking New Energy Group Holdings'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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Tonking New Energy Group Holdings Days Payable Chart

Tonking New Energy Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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109.74

122.32

97.35

51.65

82.30

Tonking New Energy Group Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial															53.00	66.36	108.61	-	-

Competitive Comparison of Tonking New Energy Group Holdings's Days Payable

For the Utilities - Renewable subindustry, Tonking New Energy Group Holdings'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.

Tonking New Energy Group Holdings's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tonking New Energy Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Tonking New Energy Group Holdings's Days Payable falls into.

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Tonking New Energy Group Holdings 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.

Tonking New Energy Group Holdings's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (121.522	+	180.429)	/	2 )	/	669.599	*	365
=	150.9755					/	669.599	*	365
=	82.30

Tonking New Energy Group Holdings's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (180.429	+	209.213)	/	2 )	/	0	*	365 / 4
=	194.821					/	0	*	365 / 4
=	N/A

Tonking New Energy Group Holdings Days Payable Related Terms

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Tonking New Energy Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tonking New Energy Group Holdings Ltd (HKSE:08326) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

67 Mody Road, Room 701, 7th Floor, Peninsula Centre, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

http://www.tonkinggroup.com.hk

Tonking New Energy Group Holdings Ltd is an investment holding company. The Company's principal activity is the renewable energy business in the People's Republic of China. Its operating segments include Sales of the patented photovoltaic tracking mounting bracket systems; Provision of one-stop value-added solutions for photovoltaic power stations and Sales of electricity. The company generates maximum revenue from the Sales of the patented photovoltaic tracking mounting bracket systems segment. The group's business is primarily operated through Hong Kong and China of which China accounts for a larger share of the revenue.

Executives

Wu Jiannong	2201 Interest of corporation controlled by you
Rise Triumph Limited	2101 Beneficial owner
Xu Jun	2101 Beneficial owner
Victory Stand International Limited	2101 Beneficial owner
Wu Kai Char	2201 Interest of corporation controlled by you

Tonking New Energy Group Holdings Headlines

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