Tederic Machinery Co (SHSE:603289) Days Payable : 269.24 (As of Mar. 2024)

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What is Tederic Machinery Co Days Payable?

Tederic Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥533.2 Mil. Tederic Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥180.7 Mil. Hence, Tederic Machinery Co's Days Payable for the three months ended in Mar. 2024 was 269.24.

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

SHSE:603289' s Days Payable Range Over the Past 10 Years
Min: 194.95 Med: 204.23 Max: 315.17
Current: 315.17

During the past 12 years, Tederic Machinery Co's highest Days Payable was 315.17. The lowest was 194.95. And the median was 204.23.

SHSE:603289's Days Payable is ranked better than
95.89% of 2920 companies
in the Industrial Products industry
Industry Median: 76.585 vs SHSE:603289: 315.17

Tederic Machinery Co's Days Payable increased from Mar. 2023 (242.52) to Mar. 2024 (269.24). It may suggest that Tederic Machinery Co delayed paying its suppliers.

Tederic Machinery Co Days Payable Historical Data

The historical data trend for Tederic Machinery 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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Tederic Machinery Co Days Payable Chart

Tederic Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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204.62

202.98

199.13

215.21

298.34

Tederic Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															242.52	316.56	381.05	332.57	269.24

Competitive Comparison of Tederic Machinery Co's Days Payable

For the Specialty Industrial Machinery subindustry, Tederic Machinery 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.

Tederic Machinery Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tederic Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tederic Machinery Co's Days Payable falls into.

Tederic Machinery 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.

Tederic Machinery 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
=	( (559.587	+	554.663)	/	2 )	/	681.617	*	365
=	557.125					/	681.617	*	365
=	298.34

Tederic Machinery Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (554.663	+	511.752)	/	2 )	/	180.715	*	365 / 4
=	533.2075					/	180.715	*	365 / 4
=	269.24

Tederic Machinery Co Days Payable Related Terms

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Tederic Machinery Co (SHSE:603289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tederic Machinery Co Ltd (SHSE:603289) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 245, North Wenze Road, Xiasha Street, Hangzhou Economic Technological Development Area, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.tederic-cn.com

Tederic Machinery Co Ltd is an IMM turn-key solution supplier. Its product offering includes DT toggle system series, DH two-platen series, DE full-electric series and multi-components IMM. Its solutions are applied in auto parts and home appliance, industrial and civil products, logistics, utility tunnel and pipe fitting, food and medicine package and electronics and office automation.

Executives

Zhang Li Fang	senior management
Zheng Jian Guo	Director
He Ying	Director
Shao Liang	senior management
Wu Zhen Zhen	Supervisors
Wu Jing Yang	Director

Tederic Machinery Co (SHSE:603289) Headlines

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