Tianqi Lithium (HKSE:09696) Days Payable : 118.81 (As of Dec. 2023)

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What is Tianqi Lithium Days Payable?

Tianqi Lithium's average Accounts Payable for the three months ended in Dec. 2023 was HK$2,331 Mil. Tianqi Lithium's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$1,790 Mil. Hence, Tianqi Lithium's Days Payable for the three months ended in Dec. 2023 was 118.81.

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

HKSE:09696' s Days Payable Range Over the Past 10 Years
Min: 100.56 Med: 118.57 Max: 193.11
Current: 193.11

During the past 5 years, Tianqi Lithium's highest Days Payable was 193.11. The lowest was 100.56. And the median was 118.57.

HKSE:09696's Days Payable is ranked better than
55.46% of 1071 companies
in the Metals & Mining industry
Industry Median: 130.91 vs HKSE:09696: 193.11

Tianqi Lithium's Days Payable increased from Sep. 2022 (105.09) to Dec. 2023 (118.81). It may suggest that Tianqi Lithium delayed paying its suppliers.

Tianqi Lithium Days Payable Historical Data

The historical data trend for Tianqi Lithium'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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Tianqi Lithium Days Payable Chart

Tianqi Lithium Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

167.53

159.60

100.56

100.59

118.57

Tianqi Lithium Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								87.20	-	181.56	118.81	108.40

Competitive Comparison of Tianqi Lithium's Days Payable

For the Other Industrial Metals & Mining subindustry, Tianqi Lithium'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.

Tianqi Lithium's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tianqi Lithium's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium's Days Payable falls into.

Tianqi Lithium 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.

Tianqi Lithium'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
=	( (2613.931	+	1721.399)	/	2 )	/	6672.581	*	365
=	2167.665					/	6672.581	*	365
=	118.57

Tianqi Lithium'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2940.553	+	1721.399)	/	2 )	/	1790.303	*	365 / 4
=	2330.976					/	1790.303	*	365 / 4
=	118.81

Tianqi Lithium Days Payable Related Terms

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Tianqi Lithium (HKSE:09696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tianqi Lithium Corp (HKSE:09696) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2220:Germany

Address

No. 10 East Gaopeng Road, Building 1, Hi-Tech Zone, Sichuan, Chengdu, CHN

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium (HKSE:09696) Headlines

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