Tingyi (Cayman Islands) Holding (HKSE:00322) Days Payable : 61.42 (As of Dec. 2023)

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What is Tingyi (Cayman Islands) Holding Days Payable?

Tingyi (Cayman Islands) Holding's average Accounts Payable for the six months ended in Dec. 2023 was HK$10,126 Mil. Tingyi (Cayman Islands) Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$30,089 Mil. Hence, Tingyi (Cayman Islands) Holding's Days Payable for the six months ended in Dec. 2023 was 61.42.

The historical rank and industry rank for Tingyi (Cayman Islands) Holding's Days Payable or its related term are showing as below:

HKSE:00322' s Days Payable Range Over the Past 10 Years
Min: 47.52 Med: 59.75 Max: 63.88
Current: 61.33

During the past 13 years, Tingyi (Cayman Islands) Holding's highest Days Payable was 63.88. The lowest was 47.52. And the median was 59.75.

HKSE:00322's Days Payable is ranked better than
66% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs HKSE:00322: 61.33

Tingyi (Cayman Islands) Holding's Days Payable declined from Dec. 2022 (64.19) to Dec. 2023 (61.42). It may suggest that Tingyi (Cayman Islands) Holding accelerated paying its suppliers.

Tingyi (Cayman Islands) Holding Days Payable Historical Data

The historical data trend for Tingyi (Cayman Islands) Holding'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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Tingyi (Cayman Islands) Holding Days Payable Chart

Tingyi (Cayman Islands) Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.88

62.01

59.92

63.46

59.57

Tingyi (Cayman Islands) Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															61.57	64.65	64.19	62.99	61.42

Competitive Comparison of Tingyi (Cayman Islands) Holding's Days Payable

For the Packaged Foods subindustry, Tingyi (Cayman Islands) Holding'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.

Tingyi (Cayman Islands) Holding's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tingyi (Cayman Islands) Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Tingyi (Cayman Islands) Holding's Days Payable falls into.

Tingyi (Cayman Islands) Holding 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.

Tingyi (Cayman Islands) Holding'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
=	( (10597.52	+	9376.657)	/	2 )	/	61198.007	*	365
=	9987.0885					/	61198.007	*	365
=	59.57

Tingyi (Cayman Islands) Holding's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (10876.25	+	9376.657)	/	2 )	/	30088.953	*	365 / 2
=	10126.4535					/	30088.953	*	365 / 2
=	61.42

Tingyi (Cayman Islands) Holding Days Payable Related Terms

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Tingyi (Cayman Islands) Holding (HKSE:00322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tingyi (Cayman Islands) Holding Corp (HKSE:00322) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TYCMY:USA TCYMF:USA 910322:Taiwan TYG:Germany

Address

No. 1688, Wuzhong Road, Building A, Minhang District, Shanghai, CHN, 201103

Website

https://www.masterkong.com.cn

Tingyi is a leading producer of instant noodles and RTD beverages in China, with its Master Kong brand being the most widely known. The company commenced its instant noodle business in the country in 1992 and expanded into beverages in 1996. In March 2012, Tingyi formed a strategic alliance with PepsiCo and became the exclusive manufacturer and distributor of Pepsi's nonalcoholic drinks in China.

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