Tongxin International (Tongxin International) Days Payable : 69.84 (As of Dec. 2010)

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What is Tongxin International Days Payable?

Tongxin International's average Accounts Payable for the six months ended in Dec. 2010 was $19.10 Mil. Tongxin International's Cost of Goods Sold for the six months ended in Dec. 2010 was $99.82 Mil. Hence, Tongxin International's Days Payable for the six months ended in Dec. 2010 was 34.92.

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

TXIC's Days Payable is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 66.92
* Ranked among companies with meaningful Days Payable only.

Tongxin International's Days Payable declined from Dec. 2008 (76.10) to Dec. 2010 (69.84). It may suggest that Tongxin International accelerated paying its suppliers.

Tongxin International Days Payable Historical Data

The historical data trend for Tongxin 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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Tongxin International Days Payable Chart

Tongxin International Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec14

Days Payable

Get a 7-Day Free Trial

63.02

76.10

61.22

69.84

160.46

Tongxin International Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec14
Days Payable	Get a 7-Day Free Trial			63.02	76.10	61.22	69.84	160.46

Competitive Comparison of Tongxin International's Days Payable

For the Auto Parts subindustry, Tongxin 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.

Tongxin International's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tongxin International's Days Payable distribution charts can be found below:

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

Tongxin 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.

Tongxin International's Days Payable for the fiscal year that ended in Dec. 2010 is calculated as

	Days Payable (A: Dec. 2010 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2009 )	+	Accounts Payable (A: Dec. 2010 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2010 )	*	Days in Period
=	( (14.328	+	23.874)	/	2 )	/	99.821	*	365
=	19.101					/	99.821	*	365
=	69.84

Tongxin International's Days Payable for the quarter that ended in Dec. 2010 is calculated as:

	Days Payable (Q: Dec. 2010 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2009 )	+	Accounts Payable (Q: Dec. 2010 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2010 )	*	Days in Period
=	( (14.328	+	23.874)	/	2 )	/	99.821	*	365 / 2
=	19.101					/	99.821	*	365 / 2
=	34.92

Tongxin International Days Payable Related Terms

Thank you for viewing the detailed overview of Tongxin International's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tongxin International (Tongxin International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tongxin International Ltd (OTCPK:TXIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hunan Tongxin, Changsha, Hunan Province, Jiangbei, CHN, 410135

Website

http://www.txicint.com

Tongxin International Ltd is an independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders. Further, the company also designs, fabricates and tests dies used in the vehicle body structure manufacturing process.

Tongxin International (Tongxin International) Headlines

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