Shenzhen Tonge Group Co (SZSE:000090) Days Payable : 732.84 (As of Mar. 2024)

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What is Shenzhen Tonge Group Co Days Payable?

Shenzhen Tonge Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥18,150 Mil. Shenzhen Tonge Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,260 Mil. Hence, Shenzhen Tonge Group Co's Days Payable for the three months ended in Mar. 2024 was 732.84.

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

SZSE:000090' s Days Payable Range Over the Past 10 Years
Min: 92.46 Med: 242.48 Max: 303.54
Current: 284.85

During the past 13 years, Shenzhen Tonge Group Co's highest Days Payable was 303.54. The lowest was 92.46. And the median was 242.48.

SZSE:000090's Days Payable is ranked better than
88.71% of 1603 companies
in the Construction industry
Industry Median: 75.22 vs SZSE:000090: 284.85

Shenzhen Tonge Group Co's Days Payable increased from Mar. 2023 (632.55) to Mar. 2024 (732.84). It may suggest that Shenzhen Tonge Group Co delayed paying its suppliers.

Shenzhen Tonge Group Co Days Payable Historical Data

The historical data trend for Shenzhen Tonge Group 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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Shenzhen Tonge Group Co Days Payable Chart

Shenzhen Tonge Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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214.69

254.21

242.11

284.95

303.54

Shenzhen Tonge Group 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															632.55	199.61	374.76	204.82	732.84

Competitive Comparison of Shenzhen Tonge Group Co's Days Payable

For the Engineering & Construction subindustry, Shenzhen Tonge Group 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.

Shenzhen Tonge Group Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen Tonge Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Tonge Group Co's Days Payable falls into.

Shenzhen Tonge Group 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.

Shenzhen Tonge Group 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
=	( (18782.256	+	19566.958)	/	2 )	/	23056.842	*	365
=	19174.607					/	23056.842	*	365
=	303.54

Shenzhen Tonge Group 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
=	( (19566.958	+	16732.415)	/	2 )	/	2259.934	*	365 / 4
=	18149.6865					/	2259.934	*	365 / 4
=	732.84

Shenzhen Tonge Group Co Days Payable Related Terms

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Shenzhen Tonge Group Co (SZSE:000090) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Tonge Group Co Ltd (SZSE:000090) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7058 Hongli West Road, City Administration Building, 7-8F, Futian District, Shenzhen, Guangdong, CHN, 518034

Website

http://www.tonge.com.cn

Shenzhen Tonge Group Co Ltd is an engineering and construction industry. The company is engaged in urban construction, comprehensive development, and urban services.

Executives

Jiang Jian	Executives
Han De Hong	Director
Xiao Jie An	Supervisors
He Yun Wu	Executives
Tong Qing Huo	Director
Zhou Zhi Ming	Supervisors
Lu Wei Hong	Securities Affairs Representative
Li Zi Xiang	Director
Fu Xiong Yi	Executives
Wang Cheng Mei	Supervisors
Jiang Yong Gui	Directors, executives
Wei Zhi	Executives
Yan Ji Pei	Executives, supervisors
Xu Zhao Song	Executives

Shenzhen Tonge Group Co (SZSE:000090) Headlines

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