Qinhuangdao Tianqin Equipment Manufacturing Co (SZSE:300922) Days Payable : 178.82 (As of Mar. 2024)

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What is Qinhuangdao Tianqin Equipment Manufacturing Co Days Payable?

Qinhuangdao Tianqin Equipment Manufacturing Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥43.4 Mil. Qinhuangdao Tianqin Equipment Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥22.2 Mil. Hence, Qinhuangdao Tianqin Equipment Manufacturing Co's Days Payable for the three months ended in Mar. 2024 was 178.82.

The historical rank and industry rank for Qinhuangdao Tianqin Equipment Manufacturing Co's Days Payable or its related term are showing as below:

SZSE:300922' s Days Payable Range Over the Past 10 Years
Min: 52.66 Med: 76.11 Max: 156.98
Current: 135.41

During the past 11 years, Qinhuangdao Tianqin Equipment Manufacturing Co's highest Days Payable was 156.98. The lowest was 52.66. And the median was 76.11.

SZSE:300922's Days Payable is ranked better than
86.96% of 1503 companies
in the Chemicals industry
Industry Median: 60.89 vs SZSE:300922: 135.41

Qinhuangdao Tianqin Equipment Manufacturing Co's Days Payable increased from Mar. 2023 (173.03) to Mar. 2024 (178.82). It may suggest that Qinhuangdao Tianqin Equipment Manufacturing Co delayed paying its suppliers.

Qinhuangdao Tianqin Equipment Manufacturing Co Days Payable Historical Data

The historical data trend for Qinhuangdao Tianqin Equipment Manufacturing 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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Qinhuangdao Tianqin Equipment Manufacturing Co Days Payable Chart

Qinhuangdao Tianqin Equipment Manufacturing Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

79.24

71.98

70.01

111.48

156.98

Qinhuangdao Tianqin Equipment Manufacturing 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															173.03	292.21	120.67	89.37	178.82

Competitive Comparison of Qinhuangdao Tianqin Equipment Manufacturing Co's Days Payable

For the Specialty Chemicals subindustry, Qinhuangdao Tianqin Equipment Manufacturing 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.

Qinhuangdao Tianqin Equipment Manufacturing Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Qinhuangdao Tianqin Equipment Manufacturing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qinhuangdao Tianqin Equipment Manufacturing Co's Days Payable falls into.

Qinhuangdao Tianqin Equipment Manufacturing 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.

Qinhuangdao Tianqin Equipment Manufacturing 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
=	( (35.899	+	46.532)	/	2 )	/	95.833	*	365
=	41.2155					/	95.833	*	365
=	156.98

Qinhuangdao Tianqin Equipment Manufacturing 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
=	( (46.532	+	40.334)	/	2 )	/	22.164	*	365 / 4
=	43.433					/	22.164	*	365 / 4
=	178.82

Qinhuangdao Tianqin Equipment Manufacturing Co Days Payable Related Terms

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Qinhuangdao Tianqin Equipment Manufacturing Co (SZSE:300922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Qinhuangdao Tianqin Equipment Manufacturing Co Ltd (SZSE:300922) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Xueshan Road, Economic and Technological Development Zone, Hebei Province, Qinhuangdao, CHN, 066004

Website

http://www.tianqin.net

Qinhuangdao Tianqin Equipment Manufacturing Co Ltd is engaged in the research and development, production and sales of special protective devices and equipment parts centered on the new processing and application technology of polymer composite materials.

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