Anhui Tuoshan Heavy Industries Co (SZSE:001226) Days Payable : 128.47 (As of Mar. 2024)

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What is Anhui Tuoshan Heavy Industries Co Days Payable?

Anhui Tuoshan Heavy Industries Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥181.2 Mil. Anhui Tuoshan Heavy Industries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥128.7 Mil. Hence, Anhui Tuoshan Heavy Industries Co's Days Payable for the three months ended in Mar. 2024 was 128.47.

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

SZSE:001226' s Days Payable Range Over the Past 10 Years
Min: 82.48 Med: 88.19 Max: 156.37
Current: 113.96

During the past 6 years, Anhui Tuoshan Heavy Industries Co's highest Days Payable was 156.37. The lowest was 82.48. And the median was 88.19.

SZSE:001226's Days Payable is ranked better than
68.78% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.84 vs SZSE:001226: 113.96

Anhui Tuoshan Heavy Industries Co's Days Payable increased from Mar. 2023 (108.69) to Mar. 2024 (128.47). It may suggest that Anhui Tuoshan Heavy Industries Co delayed paying its suppliers.

Anhui Tuoshan Heavy Industries Co Days Payable Historical Data

The historical data trend for Anhui Tuoshan Heavy 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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Anhui Tuoshan Heavy Industries Co Days Payable Chart

Anhui Tuoshan Heavy Industries Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

83.82

84.40

91.98

121.37

156.37

Anhui Tuoshan Heavy Industries Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											108.69	111.93	77.28	109.04	128.47

Competitive Comparison of Anhui Tuoshan Heavy Industries Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Anhui Tuoshan Heavy 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.

Anhui Tuoshan Heavy Industries Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Anhui Tuoshan Heavy Industries Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Anhui Tuoshan Heavy Industries Co's Days Payable falls into.

Anhui Tuoshan Heavy 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.

Anhui Tuoshan Heavy 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
=	( (196.456	+	188.087)	/	2 )	/	448.792	*	365
=	192.2715					/	448.792	*	365
=	156.37

Anhui Tuoshan Heavy 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
=	( (188.087	+	174.308)	/	2 )	/	128.699	*	365 / 4
=	181.1975					/	128.699	*	365 / 4
=	128.47

Anhui Tuoshan Heavy Industries Co Days Payable Related Terms

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Anhui Tuoshan Heavy Industries Co (SZSE:001226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Anhui Tuoshan Heavy Industries Co Ltd (SZSE:001226) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Tongrui Avenue, Guangde Economic Development Zone, Anhui Province, Xuancheng, CHN, 242200

Website

Anhui Tuoshan Heavy Industries Co Ltd is engaged in design, production, sales and service of construction machinery parts and assemblies.

Anhui Tuoshan Heavy Industries Co (SZSE:001226) Headlines

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