Shanghai Tianyong Engineering Co (SHSE:603895) Days Payable : 713.41 (As of Sep. 2024)

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What is Shanghai Tianyong Engineering Co Days Payable?

Shanghai Tianyong Engineering Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥508.6 Mil. Shanghai Tianyong Engineering Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥65.1 Mil. Hence, Shanghai Tianyong Engineering Co's Days Payable for the three months ended in Sep. 2024 was 713.41.

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

SHSE:603895' s Days Payable Range Over the Past 10 Years
Min: 41.46 Med: 184.88 Max: 465.72
Current: 465.72

During the past 11 years, Shanghai Tianyong Engineering Co's highest Days Payable was 465.72. The lowest was 41.46. And the median was 184.88.

SHSE:603895's Days Payable is ranked better than
97.78% of 2930 companies
in the Industrial Products industry
Industry Median: 75.76 vs SHSE:603895: 465.72

Shanghai Tianyong Engineering Co's Days Payable increased from Sep. 2023 (426.84) to Sep. 2024 (713.41). It may suggest that Shanghai Tianyong Engineering Co delayed paying its suppliers.

Shanghai Tianyong Engineering Co Days Payable Historical Data

The historical data trend for Shanghai Tianyong 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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Shanghai Tianyong Engineering Co Days Payable Chart

Shanghai Tianyong Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

241.26

331.73

412.03

367.73

340.42

Shanghai Tianyong Engineering Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															426.84	537.00	335.08	392.51	713.41

Competitive Comparison of Shanghai Tianyong Engineering Co's Days Payable

For the Specialty Industrial Machinery subindustry, Shanghai Tianyong 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.

Shanghai Tianyong Engineering Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shanghai Tianyong Engineering Co's Days Payable falls into.

Shanghai Tianyong 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.

Shanghai Tianyong 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
=	( (489.132	+	430.841)	/	2 )	/	493.203	*	365
=	459.9865					/	493.203	*	365
=	340.42

Shanghai Tianyong Engineering Co'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: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (528.652	+	488.602)	/	2 )	/	65.057	*	365 / 4
=	508.627					/	65.057	*	365 / 4
=	713.41

Shanghai Tianyong Engineering Co Days Payable Related Terms

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Shanghai Tianyong Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Tianyong Engineering Co Ltd (SHSE:603895) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Waigaoqiao Huibao Road 555, 3rd Floor, 2nd Floor, Area A, Jiading, Shanghai, CHN

Website

http://www.ty-industries.com

Shanghai Tianyong Engineering Co Ltd is engaged in designing and development, installation and sales of machinery and electronics, as well as automation equipment. It also involves in production and sale of software technology development and technical services, technical development in the field of mechanical and electrical technology.

Shanghai Tianyong Engineering Co Headlines

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