Tianshan Aluminum Group Co (SZSE:002532) Days Payable : 104.87 (As of Mar. 2024)

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What is Tianshan Aluminum Group Co Days Payable?

Tianshan Aluminum Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥6,378 Mil. Tianshan Aluminum Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,550 Mil. Hence, Tianshan Aluminum Group Co's Days Payable for the three months ended in Mar. 2024 was 104.87.

The historical rank and industry rank for Tianshan Aluminum Group Co's Days Payable or its related term are showing as below:

SZSE:002532' s Days Payable Range Over the Past 10 Years
Min: 67.93 Med: 75.01 Max: 215.71
Current: 128.84

During the past 13 years, Tianshan Aluminum Group Co's highest Days Payable was 215.71. The lowest was 67.93. And the median was 75.01.

SZSE:002532's Days Payable is ranked worse than
50.28% of 1064 companies
in the Metals & Mining industry
Industry Median: 130.44 vs SZSE:002532: 128.84

Tianshan Aluminum Group Co's Days Payable declined from Mar. 2023 (196.43) to Mar. 2024 (104.87). It may suggest that Tianshan Aluminum Group Co accelerated paying its suppliers.

Tianshan Aluminum Group Co Days Payable Historical Data

The historical data trend for Tianshan Aluminum Group 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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Tianshan Aluminum Group Co Days Payable Chart

Tianshan Aluminum Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

70.88

186.57

215.71

179.62

154.37

Tianshan Aluminum Group 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															196.43	138.83	132.92	130.30	104.87

Competitive Comparison of Tianshan Aluminum Group Co's Days Payable

For the Aluminum subindustry, Tianshan Aluminum Group 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.

Tianshan Aluminum Group Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tianshan Aluminum Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianshan Aluminum Group Co's Days Payable falls into.

Tianshan Aluminum Group 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.

Tianshan Aluminum Group 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
=	( (14337.764	+	6714.603)	/	2 )	/	24889.282	*	365
=	10526.1835					/	24889.282	*	365
=	154.37

Tianshan Aluminum Group 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
=	( (6714.603	+	6041.361)	/	2 )	/	5549.764	*	365 / 4
=	6377.982					/	5549.764	*	365 / 4
=	104.87

Tianshan Aluminum Group Co Days Payable Related Terms

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Tianshan Aluminum Group Co (SZSE:002532) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tianshan Aluminum Group Co Ltd (SZSE:002532) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1, Weiwu Road, North Industrial Park, Shihezi Development Zone, Xinjiang Uygur Autonomous Region, Xinjiang, CHN, 832014

Website

http://www.shimge.com

Tianshan Aluminum Group Co Ltd is engaged in the production and sales of primary aluminum, alumina, high-purity aluminum, pre-baked anodes, and aluminum deep-processed products and materials.

Tianshan Aluminum Group Co (SZSE:002532) Headlines

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