Ningbo TIP Rubber Technology Co (SHSE:605255) Days Payable : 36.96 (As of Mar. 2024)

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What is Ningbo TIP Rubber Technology Co Days Payable?

Ningbo TIP Rubber Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥23.3 Mil. Ningbo TIP Rubber Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥57.5 Mil. Hence, Ningbo TIP Rubber Technology Co's Days Payable for the three months ended in Mar. 2024 was 36.96.

The historical rank and industry rank for Ningbo TIP Rubber Technology Co's Days Payable or its related term are showing as below:

SHSE:605255' s Days Payable Range Over the Past 10 Years
Min: 37.92 Med: 73.9 Max: 177.92
Current: 37.92

During the past 8 years, Ningbo TIP Rubber Technology Co's highest Days Payable was 177.92. The lowest was 37.92. And the median was 73.90.

SHSE:605255's Days Payable is ranked worse than
78.34% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 66.92 vs SHSE:605255: 37.92

Ningbo TIP Rubber Technology Co's Days Payable declined from Mar. 2023 (48.11) to Mar. 2024 (36.96). It may suggest that Ningbo TIP Rubber Technology Co accelerated paying its suppliers.

Ningbo TIP Rubber Technology Co Days Payable Historical Data

The historical data trend for Ningbo TIP Rubber Technology 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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Ningbo TIP Rubber Technology Co Days Payable Chart

Ningbo TIP Rubber Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.90

134.23

177.92

119.76

48.90

Ningbo TIP Rubber Technology 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															48.11	42.62	35.94	40.12	36.96

Competitive Comparison of Ningbo TIP Rubber Technology Co's Days Payable

For the Auto Parts subindustry, Ningbo TIP Rubber Technology 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.

Ningbo TIP Rubber Technology Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo TIP Rubber Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ningbo TIP Rubber Technology Co's Days Payable falls into.

Ningbo TIP Rubber Technology 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.

Ningbo TIP Rubber Technology 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
=	( (30.302	+	29.132)	/	2 )	/	221.798	*	365
=	29.717					/	221.798	*	365
=	48.90

Ningbo TIP Rubber Technology 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
=	( (29.132	+	17.437)	/	2 )	/	57.491	*	365 / 4
=	23.2845					/	57.491	*	365 / 4
=	36.96

Ningbo TIP Rubber Technology Co Days Payable Related Terms

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Ningbo TIP Rubber Technology Co (SHSE:605255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo TIP Rubber Technology Co Ltd (SHSE:605255) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 5, Jinlong Road, Taoyuan Street, Ninghai County, Zhejiang Province, Ningbo, CHN, 315600

Website

http://www.tipgroupm.com

Ningbo TIP Rubber Technology Co Ltd is engaged in production and sales of automotive polymer fluid piping system and sealing system parts and assemblies. The company's products include Water hose; Fuel hose; Moulded part; Assembly; Rubber compound; metal processing / plastic part; and Hydraulic hose.

Ningbo TIP Rubber Technology Co (SHSE:605255) Headlines

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