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Taier Heavy Industry Co (SZSE:002347) Days Payable : 346.04 (As of Mar. 2024)


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What is Taier Heavy Industry Co Days Payable?

Taier Heavy Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥770 Mil. Taier Heavy Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥203 Mil. Hence, Taier Heavy Industry Co's Days Payable for the three months ended in Mar. 2024 was 346.04.

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

SZSE:002347' s Days Payable Range Over the Past 10 Years
Min: 300.56   Med: 341.72   Max: 485.37
Current: 310.93

During the past 13 years, Taier Heavy Industry Co's highest Days Payable was 485.37. The lowest was 300.56. And the median was 341.72.

SZSE:002347's Days Payable is ranked better than
95.6% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs SZSE:002347: 310.93

Taier Heavy Industry Co's Days Payable increased from Mar. 2023 (306.79) to Mar. 2024 (346.04). It may suggest that Taier Heavy Industry Co delayed paying its suppliers.


Taier Heavy Industry Co Days Payable Historical Data

The historical data trend for Taier Heavy Industry 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.

* Premium members only.

Taier Heavy Industry Co Days Payable Chart

Taier Heavy Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 341.70 323.35 300.56 335.84 305.37

Taier Heavy Industry 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 306.79 336.55 316.72 259.83 346.04

Competitive Comparison of Taier Heavy Industry Co's Days Payable

For the Specialty Industrial Machinery subindustry, Taier Heavy Industry 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.


Taier Heavy Industry Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Taier Heavy Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Taier Heavy Industry Co's Days Payable falls into.



Taier Heavy Industry 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.

Taier Heavy Industry 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
=( (762.568 + 770.52) / 2 ) / 916.231*365
=766.544 / 916.231*365
=305.37

Taier Heavy Industry 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
=( (770.52 + 769.284) / 2 ) / 203.022*365 / 4
=769.902 / 203.022*365 / 4
=346.04

* 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.


Taier Heavy Industry Co Days Payable Related Terms

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Taier Heavy Industry Co (SZSE:002347) Business Description

Traded in Other Exchanges
N/A
Address
No. 669 Chaoshan Road, Economic and Technological Development Zone, Anhui Provice, Ma'anshan, CHN, 243000
Taier Heavy Industry Co Ltd is engaged in the development & manufacture of power transmission machinery products. The company has dedicated itself to design, production, sales and service of industrial universal shafts, gear couplings and shearing blades.
Executives
Tai Zheng Biao Directors, Directors, and Executives
Feng Chun Lan Supervisors
Xia Qing Hua Executives
Jia Zong Yan Supervisors
Huang Chun Yan Director
Wang Qing Supervisors
Wang Gui Lin Executives
Yu Shu Lan Supervisors
Ge Yan Fei Director
Sun Man Man Directors, executives

Taier Heavy Industry Co (SZSE:002347) Headlines

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