Tangshan Haitai New Energy Technology Co (BJSE:835985) Days Payable : 228.78 (As of Mar. 2024)

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What is Tangshan Haitai New Energy Technology Co Days Payable?

Tangshan Haitai New Energy Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥919 Mil. Tangshan Haitai New Energy Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥366 Mil. Hence, Tangshan Haitai New Energy Technology Co's Days Payable for the three months ended in Mar. 2024 was 228.78.

The historical rank and industry rank for Tangshan Haitai New Energy Technology Co's Days Payable or its related term are showing as below:

BJSE:835985' s Days Payable Range Over the Past 10 Years
Min: 42.03 Med: 104.74 Max: 197.48
Current: 102.07

During the past 10 years, Tangshan Haitai New Energy Technology Co's highest Days Payable was 197.48. The lowest was 42.03. And the median was 104.74.

BJSE:835985's Days Payable is ranked better than
77.85% of 966 companies
in the Semiconductors industry
Industry Median: 51.69 vs BJSE:835985: 102.07

Tangshan Haitai New Energy Technology Co's Days Payable increased from Mar. 2023 (109.83) to Mar. 2024 (228.78). It may suggest that Tangshan Haitai New Energy Technology Co delayed paying its suppliers.

Tangshan Haitai New Energy Technology Co Days Payable Historical Data

The historical data trend for Tangshan Haitai New Energy Technology 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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Tangshan Haitai New Energy Technology Co Days Payable Chart

Tangshan Haitai New Energy Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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86.89

74.73

111.63

97.84

75.91

Tangshan Haitai New Energy Technology Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															109.83	70.99	101.44	84.16	228.78

Competitive Comparison of Tangshan Haitai New Energy Technology Co's Days Payable

For the Solar subindustry, Tangshan Haitai New Energy Technology 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.

Tangshan Haitai New Energy Technology Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Tangshan Haitai New Energy Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tangshan Haitai New Energy Technology Co's Days Payable falls into.

Tangshan Haitai New Energy Technology 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.

Tangshan Haitai New Energy Technology Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1256.028	+	1243.527)	/	2 )	/	6009.342	*	365
=	1249.7775					/	6009.342	*	365
=	75.91

Tangshan Haitai New Energy Technology 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
=	( (940.813	+	896.531)	/	2 )	/	366.414	*	365 / 4
=	918.672					/	366.414	*	365 / 4
=	228.78

Tangshan Haitai New Energy Technology Co Days Payable Related Terms

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Tangshan Haitai New Energy Technology Co (BJSE:835985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tangshan Haitai New Energy Technology Co Ltd (BJSE:835985) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Yutai Industrial Zone, Yutian County, Hebei Province, Tangshan City, CHN, 064100

Website

http://www.haitai-solar.cn

Tangshan Haitai New Energy Technology Co Ltd engages in research and development, production, processing, and sales of crystalline silicon solar photovoltaic modules. Its products comprise electronic components, special ceramic products, solar cells, silicon wafers, and silicon ingots.

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