Jiangsu Tongrun Equipment Technology Co (SZSE:002150) Days Payable : 190.52 (As of Mar. 2025)

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What is Jiangsu Tongrun Equipment Technology Co Days Payable?

Jiangsu Tongrun Equipment Technology Co's average Accounts Payable for the three months ended in Mar. 2025 was ¥1,231 Mil. Jiangsu Tongrun Equipment Technology Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥590 Mil. Hence, Jiangsu Tongrun Equipment Technology Co's Days Payable for the three months ended in Mar. 2025 was 190.52.

The historical rank and industry rank for Jiangsu Tongrun Equipment Technology Co's Days Payable or its related term are showing as below:

SZSE:002150' s Days Payable Range Over the Past 10 Years
Min: 47.6 Med: 65.83 Max: 168.16
Current: 158

During the past 13 years, Jiangsu Tongrun Equipment Technology Co's highest Days Payable was 168.16. The lowest was 47.60. And the median was 65.83.

SZSE:002150's Days Payable is ranked better than
79.37% of 2943 companies
in the Industrial Products industry
Industry Median: 76.37 vs SZSE:002150: 158.00

Jiangsu Tongrun Equipment Technology Co's Days Payable increased from Mar. 2024 (155.90) to Mar. 2025 (190.52). It may suggest that Jiangsu Tongrun Equipment Technology Co delayed paying its suppliers.

Jiangsu Tongrun Equipment Technology Co Days Payable Historical Data

The historical data trend for Jiangsu Tongrun Equipment 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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Jiangsu Tongrun Equipment Technology Co Days Payable Chart

Jiangsu Tongrun Equipment Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

Get a 7-Day Free Trial

59.66

47.60

56.94

102.29

168.16

Jiangsu Tongrun Equipment Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															155.90	136.50	164.25	153.25	190.52

Competitive Comparison of Jiangsu Tongrun Equipment Technology Co's Days Payable

For the Tools & Accessories subindustry, Jiangsu Tongrun Equipment 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.

Jiangsu Tongrun Equipment Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Tongrun Equipment Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Tongrun Equipment Technology Co's Days Payable falls into.

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Jiangsu Tongrun Equipment 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.

Jiangsu Tongrun Equipment Technology Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (906.922	+	1263.497)	/	2 )	/	2355.491	*	365
=	1085.2095					/	2355.491	*	365
=	168.16

Jiangsu Tongrun Equipment Technology Co's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (1263.497	+	1198.442)	/	2 )	/	589.579	*	365 / 4
=	1230.9695					/	589.579	*	365 / 4
=	190.52

Jiangsu Tongrun Equipment Technology Co Days Payable Related Terms

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Jiangsu Tongrun Equipment Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Tongrun Equipment Technology Co Ltd (SZSE:002150) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tonggang Road, Zhouxing Tonggang Industrial Development Zone, Jiangsu, Changshu, CHN, 215517

Website

http://www.tongrunindustries.com

Jiangsu Tongrun Equipment Technology Co Ltd is engaged in business of sheet metal products and electrical products. The products of the company include metal toolbox cabinets, steel office furniture, precision sheet metal parts, complete set of electrical control cabinets, and high voltage circuit breakers. The company generates majority of revenue from metal tool manufacturing.

Executives

Cai Lan	Directors, executives
Wang Yue Hong	Directors, executives
Liu Zhen Jiang	Directors, executives
Wang Xiang Yuan	Supervisors
Liu Xiao Yu	Securities Affairs Representative
Gao Jin Xiang	Director
Gu Xiong Bin	Director
Shen Hong	Director

Jiangsu Tongrun Equipment Technology Co Headlines

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