TDH Holdings (TDH Holdings) Days Payable : 80.15 (As of Dec. 2023)

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What is TDH Holdings Days Payable?

TDH Holdings's average Accounts Payable for the six months ended in Dec. 2023 was $0.47 Mil. TDH Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.08 Mil. Hence, TDH Holdings's Days Payable for the six months ended in Dec. 2023 was 80.15.

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

PETZ' s Days Payable Range Over the Past 10 Years
Min: 61.99 Med: 81.13 Max: 2793.47
Current: 81.58

During the past 9 years, TDH Holdings's highest Days Payable was 2793.47. The lowest was 61.99. And the median was 81.13.

PETZ's Days Payable is ranked better than
76.12% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs PETZ: 81.58

TDH Holdings's Days Payable declined from Dec. 2022 (320.94) to Dec. 2023 (80.15). It may suggest that TDH Holdings accelerated paying its suppliers.

TDH Holdings Days Payable Historical Data

The historical data trend for TDH 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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TDH Holdings Days Payable Chart

TDH Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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127.50

2,793.47

910.37

89.20

81.13

TDH Holdings Semi-Annual Data
	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												763.45	304.46	320.94	83.48	80.15

Competitive Comparison of TDH Holdings's Days Payable

For the Packaged Foods subindustry, TDH 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.

TDH Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, TDH Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where TDH Holdings's Days Payable falls into.

TDH 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.

TDH 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
=	( (0.493	+	0.461)	/	2 )	/	2.146	*	365
=	0.477					/	2.146	*	365
=	81.13

TDH 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
=	( (0.485	+	0.461)	/	2 )	/	1.077	*	365 / 2
=	0.473					/	1.077	*	365 / 2
=	80.15

TDH Holdings Days Payable Related Terms

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TDH Holdings (TDH Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TDH Holdings Inc (NAS:PETZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2521 Tiejueshan Road, Huangdao District, Shandong Province, Qingdao, CHN

Website

http://www.tiandihui.com

TDH Holdings Inc is engaged in the business of manufacturing and selling of petfood and restaurant operations. The company has two operating segments which include Petfood sales and Restaurant business. It has a focus on the Restaurant business segment and generates the majority of its revenue.