Tian Yuan Group Holdings (HKSE:06119) Days Payable : 0.29 (As of Dec. 2023)

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What is Tian Yuan Group Holdings Days Payable?

Tian Yuan Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$0.1 Mil. Tian Yuan Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$69.0 Mil. Hence, Tian Yuan Group Holdings's Days Payable for the six months ended in Dec. 2023 was 0.29.

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

HKSE:06119' s Days Payable Range Over the Past 10 Years
Min: 0.27 Med: 19.3 Max: 60.14
Current: 0.27

During the past 9 years, Tian Yuan Group Holdings's highest Days Payable was 60.14. The lowest was 0.27. And the median was 19.30.

HKSE:06119's Days Payable is ranked worse than
99.89% of 929 companies
in the Transportation industry
Industry Median: 38.81 vs HKSE:06119: 0.27

Tian Yuan Group Holdings's Days Payable declined from Dec. 2022 (0.40) to Dec. 2023 (0.29). It may suggest that Tian Yuan Group Holdings accelerated paying its suppliers.

Tian Yuan Group Holdings Days Payable Historical Data

The historical data trend for Tian Yuan Group Holdings'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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Tian Yuan Group Holdings Days Payable Chart

Tian Yuan Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.14

38.10

0.49

0.32

Tian Yuan Group Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											-	-	0.40	0.24	0.29

Competitive Comparison of Tian Yuan Group Holdings's Days Payable

For the Marine Shipping subindustry, Tian Yuan Group Holdings'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.

Tian Yuan Group Holdings's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tian Yuan Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Tian Yuan Group Holdings's Days Payable falls into.

Tian Yuan Group Holdings 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.

Tian Yuan Group Holdings'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
=	( (0.399	+	0.08)	/	2 )	/	277.444	*	365
=	0.2395					/	277.444	*	365
=	0.32

Tian Yuan Group Holdings'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
=	( (0.14	+	0.08)	/	2 )	/	69.019	*	365 / 2
=	0.11					/	69.019	*	365 / 2
=	0.29

Tian Yuan Group Holdings Days Payable Related Terms

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Tian Yuan Group Holdings (HKSE:06119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tian Yuan Group Holdings Ltd (HKSE:06119) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

168 Renmin South Road, Maoming, CHN

Website

https://www.tianyuangroupholdings.com

Tian Yuan Group Holdings Ltd is engaged in the provision of bulk and general cargo uploading and unloading services supply and sales of oil products and related ancillary value-added port services in The People's Republic of China. Cargo uploading and unloading services handle bulk cargo such as coal, quartz sand, oil products, grain, asphalt, and kaolinite, as well as a small portion of break bulk cargo and neo-bulk cargo. Related ancillary value-added port services consist of storage services at oil tanks and grain barns as well as leasing of shovel trucks. It operates in two segments: Cargo handling and ancillary services and Sales of oil products. The company generates a majority of its revenue from Cargo handling and ancillary service segment.

Executives

Huang Yongcheng	2101 Beneficial owner
Sino Ford Enterprises Limited
Yang Jinming
Zhang Dan

Tian Yuan Group Holdings (HKSE:06119) Headlines

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