Precision Tsugami (China) (HKSE:01651) Days Payable : 89.45 (As of Sep. 2023)

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What is Precision Tsugami (China) Days Payable?

Precision Tsugami (China)'s average Accounts Payable for the six months ended in Sep. 2023 was HK$568 Mil. Precision Tsugami (China)'s Cost of Goods Sold for the six months ended in Sep. 2023 was HK$1,159 Mil. Hence, Precision Tsugami (China)'s Days Payable for the six months ended in Sep. 2023 was 89.45.

The historical rank and industry rank for Precision Tsugami (China)'s Days Payable or its related term are showing as below:

HKSE:01651' s Days Payable Range Over the Past 10 Years
Min: 64.42 Med: 77.43 Max: 109.25
Current: 86.94

During the past 9 years, Precision Tsugami (China)'s highest Days Payable was 109.25. The lowest was 64.42. And the median was 77.43.

HKSE:01651's Days Payable is ranked better than
56.33% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs HKSE:01651: 86.94

Precision Tsugami (China)'s Days Payable increased from Sep. 2022 (88.04) to Sep. 2023 (89.45). It may suggest that Precision Tsugami (China) delayed paying its suppliers.

Precision Tsugami (China) Days Payable Historical Data

The historical data trend for Precision Tsugami (China)'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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Precision Tsugami (China) Days Payable Chart

Precision Tsugami (China) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

74.20

82.82

64.42

76.25

91.80

Precision Tsugami (China) Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial												78.43	102.32	88.04	89.39	89.45

Competitive Comparison of Precision Tsugami (China)'s Days Payable

For the Tools & Accessories subindustry, Precision Tsugami (China)'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.

Precision Tsugami (China)'s Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Precision Tsugami (China)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Precision Tsugami (China)'s Days Payable falls into.

Precision Tsugami (China) 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.

Precision Tsugami (China)'s Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1011.26	+	713.777)	/	2 )	/	3429.264	*	365
=	862.5185					/	3429.264	*	365
=	91.80

Precision Tsugami (China)'s Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (713.777	+	422.192)	/	2 )	/	1158.854	*	365 / 2
=	567.9845					/	1158.854	*	365 / 2
=	89.45

Precision Tsugami (China) Days Payable Related Terms

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Precision Tsugami (China) (HKSE:01651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Precision Tsugami (China) Corp Ltd (HKSE:01651) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2001 Pingcheng Road, Pinghu Economic-Technological Development Zone, Zhejiang Province, Pinghu, CHN, 314200

Website

https://www.tsugami.com.cn

Precision Tsugami (China) Corp Ltd is engaged in the manufacturing and distribution of computer numerical control (CNC) high precision machine tools; and the provision of commercial consultation services. It manufactures and sells CNC machine tools including Precision lathes, Precision machining centres, Precision thread and form rolling machines and Precision grinding machines under the TSUGAMI brand. The company only has one reportable operating segment which is the manufacture and sale of high precision CNC machine tools. Its products are mainly for the Chinese market and are also sold to Japan, Europe, the US, Southeast Asia and other countries.

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