Tianjin Hi-Tech Development Co (SHSE:600082) Days Payable : 69.15 (As of Sep. 2023)

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What is Tianjin Hi-Tech Development Co Days Payable?

Tianjin Hi-Tech Development Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥103.3 Mil. Tianjin Hi-Tech Development Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥136.4 Mil. Hence, Tianjin Hi-Tech Development Co's Days Payable for the three months ended in Sep. 2023 was 69.15.

The historical rank and industry rank for Tianjin Hi-Tech Development Co's Days Payable or its related term are showing as below:

SHSE:600082' s Days Payable Range Over the Past 10 Years
Min: 30.23 Med: 127.12 Max: 196.45
Current: 74.25

During the past 13 years, Tianjin Hi-Tech Development Co's highest Days Payable was 196.45. The lowest was 30.23. And the median was 127.12.

SHSE:600082's Days Payable is ranked better than
62.18% of 468 companies
in the Conglomerates industry
Industry Median: 58.265 vs SHSE:600082: 74.25

Tianjin Hi-Tech Development Co's Days Payable declined from Sep. 2022 (94.09) to Sep. 2023 (69.15). It may suggest that Tianjin Hi-Tech Development Co accelerated paying its suppliers.

Tianjin Hi-Tech Development Co Days Payable Historical Data

The historical data trend for Tianjin Hi-Tech Development 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 Hi-Tech Development Co Days Payable Chart

Tianjin Hi-Tech Development Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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123.01

114.81

91.81

30.23

50.09

Tianjin Hi-Tech Development Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															94.09	51.31	974.91	48.65	69.15

Competitive Comparison of Tianjin Hi-Tech Development Co's Days Payable

For the Conglomerates subindustry, Tianjin Hi-Tech Development 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 Hi-Tech Development Co's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tianjin Hi-Tech Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianjin Hi-Tech Development Co's Days Payable falls into.

Tianjin Hi-Tech Development 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 Hi-Tech Development Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (54.252	+	52.688)	/	2 )	/	389.632	*	365
=	53.47					/	389.632	*	365
=	50.09

Tianjin Hi-Tech Development Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (78.953	+	127.74)	/	2 )	/	136.37	*	365 / 4
=	103.3465					/	136.37	*	365 / 4
=	69.15

Tianjin Hi-Tech Development Co Days Payable Related Terms

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Tianjin Hi-Tech Development Co (SHSE:600082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tianjin Hi-Tech Development Co Ltd (SHSE:600082) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 6 Haitai Development 6th Road, High-Tech Development Building, Block G, 11F, Huayuan Technology Park, Binhai Hi-Tech Industrial, Tianjin, Tianjin, CHN, 300384

Website

http://www.hitech-develop.com

Tianjin Hi-Tech Development Co Ltd is engaged in investing in high-tech companies, as well as provides business incubation, rental and leasing, and technical services. Through its subsidiaries, the company sells computer network products, develops computer software, and builds a telecommunication broadband network.

Tianjin Hi-Tech Development Co (SHSE:600082) Headlines

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