Tongqinglou Catering Co (SHSE:605108) Days Payable : 59.96 (As of Mar. 2024)

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What is Tongqinglou Catering Co Days Payable?

Tongqinglou Catering Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥342 Mil. Tongqinglou Catering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥521 Mil. Hence, Tongqinglou Catering Co's Days Payable for the three months ended in Mar. 2024 was 59.96.

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

SHSE:605108' s Days Payable Range Over the Past 10 Years
Min: 39.98 Med: 55.58 Max: 88.75
Current: 55.44

During the past 11 years, Tongqinglou Catering Co's highest Days Payable was 88.75. The lowest was 39.98. And the median was 55.58.

SHSE:605108's Days Payable is ranked better than
56.14% of 928 companies
in the Business Services industry
Industry Median: 46.74 vs SHSE:605108: 55.44

Tongqinglou Catering Co's Days Payable increased from Mar. 2023 (44.46) to Mar. 2024 (59.96). It may suggest that Tongqinglou Catering Co delayed paying its suppliers.

Tongqinglou Catering Co Days Payable Historical Data

The historical data trend for Tongqinglou Catering 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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Tongqinglou Catering Co Days Payable Chart

Tongqinglou Catering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.75

53.68

40.13

39.98

48.67

Tongqinglou Catering 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															44.46	52.34	50.96	53.76	59.96

Competitive Comparison of Tongqinglou Catering Co's Days Payable

For the Specialty Business Services subindustry, Tongqinglou Catering 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.

Tongqinglou Catering Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Tongqinglou Catering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tongqinglou Catering Co's Days Payable falls into.

Tongqinglou Catering 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.

Tongqinglou Catering 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
=	( (154.817	+	315.172)	/	2 )	/	1762.164	*	365
=	234.9945					/	1762.164	*	365
=	48.67

Tongqinglou Catering 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
=	( (315.172	+	368.982)	/	2 )	/	520.618	*	365 / 4
=	342.077					/	520.618	*	365 / 4
=	59.96

Tongqinglou Catering Co Days Payable Related Terms

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Tongqinglou Catering Co (SHSE:605108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Tongqinglou Catering Co Ltd (SHSE:605108) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 9, No. 10 Wangang Road, Baohe District, Anhui Province, Hefei, CHN, 230051

Website

http://www.tongqinglou.cn

Tongqinglou Catering Co Ltd is a provider of catering services. The company provides catering (limited to branches); hotel management consulting and training services, tobacco and alcohol retail (limited to branches), conference services; wedding services, among others.

Executives

Wang Shou Feng

Director

Tongqinglou Catering Co (SHSE:605108) Headlines

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