Tangshannyou Chemical Industries Co (SHSE:600409) Days Payable : 68.41 (As of Mar. 2024)

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What is Tangshannyou Chemical Industries Co Days Payable?

Tangshannyou Chemical Industries Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,221 Mil. Tangshannyou Chemical Industries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,296 Mil. Hence, Tangshannyou Chemical Industries Co's Days Payable for the three months ended in Mar. 2024 was 68.41.

The historical rank and industry rank for Tangshannyou Chemical Industries Co's Days Payable or its related term are showing as below:

SHSE:600409' s Days Payable Range Over the Past 10 Years
Min: 56.49 Med: 79.02 Max: 91.86
Current: 70.39

During the past 13 years, Tangshannyou Chemical Industries Co's highest Days Payable was 91.86. The lowest was 56.49. And the median was 79.02.

SHSE:600409's Days Payable is ranked better than
59.04% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs SHSE:600409: 70.39

Tangshannyou Chemical Industries Co's Days Payable increased from Mar. 2023 (63.43) to Mar. 2024 (68.41). It may suggest that Tangshannyou Chemical Industries Co delayed paying its suppliers.

Tangshannyou Chemical Industries Co Days Payable Historical Data

The historical data trend for Tangshannyou Chemical Industries Co'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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Tangshannyou Chemical Industries Co Days Payable Chart

Tangshannyou Chemical Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

77.54

76.00

58.68

56.49

64.78

Tangshannyou Chemical Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															63.43	70.35	73.48	68.93	68.41

Competitive Comparison of Tangshannyou Chemical Industries Co's Days Payable

For the Specialty Chemicals subindustry, Tangshannyou Chemical Industries Co'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.

Tangshannyou Chemical Industries Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tangshannyou Chemical Industries Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tangshannyou Chemical Industries Co's Days Payable falls into.

Tangshannyou Chemical Industries Co 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.

Tangshannyou Chemical Industries Co'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
=	( (3065.22	+	3132.781)	/	2 )	/	17460.619	*	365
=	3099.0005					/	17460.619	*	365
=	64.78

Tangshannyou Chemical Industries Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3132.781	+	3308.871)	/	2 )	/	4296.429	*	365 / 4
=	3220.826					/	4296.429	*	365 / 4
=	68.41

Tangshannyou Chemical Industries Co Days Payable Related Terms

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Tangshannyou Chemical Industries Co (SHSE:600409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tangshan Sanyou Chemical Industries Co Ltd (SHSE:600409) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nanbao Development Zone, Tangshan, Hebei, CHN, 063305

Website

http://www.sanyou-chem.com.cn

Tangshan Sanyou Chemical Industries Co Ltd is principally engaged in the production and sale of chemical products. Sanyou's technical process includes squeezing and pressing method, solid phase, and liquid phase. The company offers dense and light soda ash, hydration dense and extrusion dense soda ash, normal, low salt, super-low salt, and special low soda ash, industrial soda ash, food additive soda ash, viscose fiber, PVC and caustic soda products. In addition, the company offers salt products comprising industry salt, refined powder salt, industrial washing brine and magnesium chloride.

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