THCH (TH International) Days Payable : 63.30 (As of Sep. 2024)

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What is TH International Days Payable?

TH International's average Accounts Payable for the three months ended in Sep. 2024 was $28.1 Mil. TH International's Cost of Goods Sold for the three months ended in Sep. 2024 was $40.6 Mil. Hence, TH International's Days Payable for the three months ended in Sep. 2024 was 63.30.

The historical rank and industry rank for TH International's Days Payable or its related term are showing as below:

THCH' s Days Payable Range Over the Past 10 Years
Min: 22.02 Med: 29.77 Max: 61.94
Current: 61.94

During the past 5 years, TH International's highest Days Payable was 61.94. The lowest was 22.02. And the median was 29.77.

THCH's Days Payable is ranked better than
75.51% of 343 companies
in the Restaurants industry
Industry Median: 38.68 vs THCH: 61.94

TH International's Days Payable increased from Sep. 2023 (46.00) to Sep. 2024 (63.30). It may suggest that TH International delayed paying its suppliers.

TH International Days Payable Historical Data

The historical data trend for TH International'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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TH International Days Payable Chart

TH International Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

27.36

22.02

32.17

42.65

TH International Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial											46.00	51.90	70.17	68.53	63.30

Competitive Comparison of TH International's Days Payable

For the Restaurants subindustry, TH International'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.

TH International's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, TH International's Days Payable distribution charts can be found below:

* The bar in red indicates where TH International's Days Payable falls into.

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TH International 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.

TH International'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
=	( (15.157	+	31.491)	/	2 )	/	199.612	*	365
=	23.324					/	199.612	*	365
=	42.65

TH International's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (27.517	+	28.771)	/	2 )	/	40.574	*	365 / 4
=	28.144					/	40.574	*	365 / 4
=	63.30

TH International Days Payable Related Terms

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TH International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » TH International Ltd (NAS:THCH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Huangpi North Road, 2501 Central Plaza, Shanghai, CHN, 200003

Website

https://www.timschina.com

TH International Ltd is the parent company of the franchise of Tim Hortons coffee shops and has the rights to operate Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. Through the Tim Hortons brand, the firm offers freshly brewed coffee, tea, and other beverages, bakery & sides, and sandwiches. It is also the operator and developer of Popeyes brand in Mainland China. The firm has two reportable segments; Tim Hortons which generates key revenue, and Popeyes. The company's revenue is derived from its operations in the PRC.