Titan Wind Energy (Suzhou) Co (SZSE:002531) Days Payable : 493.36 (As of Mar. 2024)

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What is Titan Wind Energy (Suzhou) Co Days Payable?

Titan Wind Energy (Suzhou) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,966 Mil. Titan Wind Energy (Suzhou) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥733 Mil. Hence, Titan Wind Energy (Suzhou) Co's Days Payable for the three months ended in Mar. 2024 was 493.36.

The historical rank and industry rank for Titan Wind Energy (Suzhou) Co's Days Payable or its related term are showing as below:

SZSE:002531' s Days Payable Range Over the Past 10 Years
Min: 109.22 Med: 163.92 Max: 263.17
Current: 224.71

During the past 13 years, Titan Wind Energy (Suzhou) Co's highest Days Payable was 263.17. The lowest was 109.22. And the median was 163.92.

SZSE:002531's Days Payable is ranked better than
89.68% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs SZSE:002531: 224.71

Titan Wind Energy (Suzhou) Co's Days Payable increased from Mar. 2023 (241.35) to Mar. 2024 (493.36). It may suggest that Titan Wind Energy (Suzhou) Co delayed paying its suppliers.

Titan Wind Energy (Suzhou) Co Days Payable Historical Data

The historical data trend for Titan Wind Energy (Suzhou) 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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Titan Wind Energy (Suzhou) Co Days Payable Chart

Titan Wind Energy (Suzhou) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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175.32

122.71

109.22

144.63

203.33

Titan Wind Energy (Suzhou) 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															241.35	116.80	190.00	358.02	493.36

Competitive Comparison of Titan Wind Energy (Suzhou) Co's Days Payable

For the Specialty Industrial Machinery subindustry, Titan Wind Energy (Suzhou) 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.

Titan Wind Energy (Suzhou) Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Titan Wind Energy (Suzhou) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Titan Wind Energy (Suzhou) Co's Days Payable falls into.

Titan Wind Energy (Suzhou) 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.

Titan Wind Energy (Suzhou) 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
=	( (2692.939	+	3951.704)	/	2 )	/	5964.009	*	365
=	3322.3215					/	5964.009	*	365
=	203.33

Titan Wind Energy (Suzhou) 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
=	( (3951.704	+	3979.817)	/	2 )	/	733.498	*	365 / 4
=	3965.7605					/	733.498	*	365 / 4
=	493.36

Titan Wind Energy (Suzhou) Co Days Payable Related Terms

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Titan Wind Energy (Suzhou) Co (SZSE:002531) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Titan Wind Energy (Suzhou) Co Ltd (SZSE:002531) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

28 Ningbo East Road, Jiangsu, Taicang, CHN, 215400

Website

http://www.titanwind.com.cn/

Titan Wind Energy (Suzhou) Co Ltd is engaged in the research, design, manufacture, and distribution of wind towers. The towers are distributed to dozens of countries like the United States, Canada, Brazil, Germany, Sweden, the United Kingdom, Romania, Spain, Australia, New Zealand, Thailand, India and other parts of the world.

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