Tianhe Chemicals Group (Tianhe Chemicals Group) Days Payable : 3.11 (As of Jun. 2014)

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What is Tianhe Chemicals Group Days Payable?

Tianhe Chemicals Group's average Accounts Payable for the six months ended in Jun. 2014 was $3.16 Mil. Tianhe Chemicals Group's Cost of Goods Sold for the six months ended in Jun. 2014 was $185.49 Mil. Hence, Tianhe Chemicals Group's Days Payable for the six months ended in Jun. 2014 was 3.11.

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

TNHCF's Days Payable is not ranked ^*
in the Chemicals industry.
Industry Median: 60.89
* Ranked among companies with meaningful Days Payable only.

Tianhe Chemicals Group's Days Payable declined from Jun. 2013 (4.93) to Jun. 2014 (3.11). It may suggest that Tianhe Chemicals Group accelerated paying its suppliers.

Tianhe Chemicals Group Days Payable Historical Data

The historical data trend for Tianhe Chemicals Group'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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Tianhe Chemicals Group Days Payable Chart

Tianhe Chemicals Group Annual Data

Trend

Dec11

Dec12

Dec13

Days Payable

3.98

4.85

4.17

Tianhe Chemicals Group Semi-Annual Data
	Dec11	Dec12	Jun13	Dec13	Jun14
Days Payable	-	-	4.93	3.61	3.11

Competitive Comparison of Tianhe Chemicals Group's Days Payable

For the Specialty Chemicals subindustry, Tianhe Chemicals Group'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.

Tianhe Chemicals Group's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tianhe Chemicals Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianhe Chemicals Group's Days Payable falls into.

Tianhe Chemicals Group 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.

Tianhe Chemicals Group's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

	Days Payable (A: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2012 )	+	Accounts Payable (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (3.827	+	3.639)	/	2 )	/	327.111	*	365
=	3.733					/	327.111	*	365
=	4.17

Tianhe Chemicals Group's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

	Days Payable (Q: Jun. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2013 )	+	Accounts Payable (Q: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
=	( (3.639	+	2.683)	/	2 )	/	185.488	*	365 / 2
=	3.161					/	185.488	*	365 / 2
=	3.11

Tianhe Chemicals Group Days Payable Related Terms

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Tianhe Chemicals Group (Tianhe Chemicals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianhe Chemicals Group Ltd (GREY:TNHCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Connaught Road Central, 28th Floor, AIA Central, Central, Hong Kong, HKG

Website

http://www.tianhechem.com

Tianhe Chemicals Group Ltd is primarily engaged in the manufacture and sale of specialty chemicals in Hong Kong. The company offers lubricant additive components, lubricant additive packages, lubricant additive intermediates and special fluoride chemicals. It produces lubricant additives components such as detergent, ashless dispersant, corrosion inhibitor, EP anti-wear agent, antioxidants and pour point depressant. Lubricant additive packages include additives for gear oil engine oil and industrial oil.

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