Shanghai Titan Scientific Co (SHSE:688133) Days Payable : 29.02 (As of Mar. 2024)

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What is Shanghai Titan Scientific Co Days Payable?

Shanghai Titan Scientific Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥167 Mil. Shanghai Titan Scientific Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥526 Mil. Hence, Shanghai Titan Scientific Co's Days Payable for the three months ended in Mar. 2024 was 29.02.

The historical rank and industry rank for Shanghai Titan Scientific Co's Days Payable or its related term are showing as below:

SHSE:688133' s Days Payable Range Over the Past 10 Years
Min: 20.27 Med: 28.15 Max: 41.4
Current: 28.22

During the past 10 years, Shanghai Titan Scientific Co's highest Days Payable was 41.40. The lowest was 20.27. And the median was 28.15.

SHSE:688133's Days Payable is ranked worse than
82.72% of 1505 companies
in the Chemicals industry
Industry Median: 61.03 vs SHSE:688133: 28.22

Shanghai Titan Scientific Co's Days Payable declined from Mar. 2023 (29.79) to Mar. 2024 (29.02). It may suggest that Shanghai Titan Scientific Co accelerated paying its suppliers.

Shanghai Titan Scientific Co Days Payable Historical Data

The historical data trend for Shanghai Titan Scientific 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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Shanghai Titan Scientific Co Days Payable Chart

Shanghai Titan Scientific Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.40

37.50

28.05

27.74

26.62

Shanghai Titan Scientific 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															29.79	30.92	28.24	24.72	29.02

Competitive Comparison of Shanghai Titan Scientific Co's Days Payable

For the Chemicals subindustry, Shanghai Titan Scientific 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.

Shanghai Titan Scientific Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanghai Titan Scientific Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Titan Scientific Co's Days Payable falls into.

Shanghai Titan Scientific 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.

Shanghai Titan Scientific 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
=	( (153.523	+	165.053)	/	2 )	/	2183.707	*	365
=	159.288					/	2183.707	*	365
=	26.62

Shanghai Titan Scientific 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
=	( (165.053	+	169.55)	/	2 )	/	526.101	*	365 / 4
=	167.3015					/	526.101	*	365 / 4
=	29.02

Shanghai Titan Scientific Co Days Payable Related Terms

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Shanghai Titan Scientific Co (SHSE:688133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Titan Scientific Co Ltd (SHSE:688133) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

89 Shilong Road, Xuhui District, Shanghai, CHN

Website

http://www.titansci.com

Shanghai Titan Scientific Co Ltd is engaged in providing scientific research reagents, special chemicals, scientific research instruments and consumables, laboratory construction and scientific research information services.

Executives

Ge Wen Hui	Core technical personnel
Zhou Xiao Wei	Core technical personnel
Fan Ya Ping	Director

Shanghai Titan Scientific Co (SHSE:688133) Headlines

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