Xinjiang Tianshun Supply Chain Co (SZSE:002800) Days Payable : 25.35 (As of Mar. 2024)

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What is Xinjiang Tianshun Supply Chain Co Days Payable?

Xinjiang Tianshun Supply Chain Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥44.0 Mil. Xinjiang Tianshun Supply Chain Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥158.4 Mil. Hence, Xinjiang Tianshun Supply Chain Co's Days Payable for the three months ended in Mar. 2024 was 25.35.

The historical rank and industry rank for Xinjiang Tianshun Supply Chain Co's Days Payable or its related term are showing as below:

SZSE:002800' s Days Payable Range Over the Past 10 Years
Min: 11.59 Med: 23.89 Max: 68.85
Current: 16.02

During the past 13 years, Xinjiang Tianshun Supply Chain Co's highest Days Payable was 68.85. The lowest was 11.59. And the median was 23.89.

SZSE:002800's Days Payable is ranked worse than
86.4% of 934 companies
in the Transportation industry
Industry Median: 38.63 vs SZSE:002800: 16.02

Xinjiang Tianshun Supply Chain Co's Days Payable increased from Mar. 2023 (9.02) to Mar. 2024 (25.35). It may suggest that Xinjiang Tianshun Supply Chain Co delayed paying its suppliers.

Xinjiang Tianshun Supply Chain Co Days Payable Historical Data

The historical data trend for Xinjiang Tianshun Supply Chain 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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Xinjiang Tianshun Supply Chain Co Days Payable Chart

Xinjiang Tianshun Supply Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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68.85

42.74

29.40

17.97

11.59

Xinjiang Tianshun Supply Chain 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															9.02	8.47	14.01	12.64	25.35

Competitive Comparison of Xinjiang Tianshun Supply Chain Co's Days Payable

For the Integrated Freight & Logistics subindustry, Xinjiang Tianshun Supply Chain 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.

Xinjiang Tianshun Supply Chain Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Xinjiang Tianshun Supply Chain Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Xinjiang Tianshun Supply Chain Co's Days Payable falls into.

Xinjiang Tianshun Supply Chain 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.

Xinjiang Tianshun Supply Chain 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
=	( (36.283	+	18.723)	/	2 )	/	865.777	*	365
=	27.503					/	865.777	*	365
=	11.59

Xinjiang Tianshun Supply Chain 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
=	( (18.723	+	69.311)	/	2 )	/	158.426	*	365 / 4
=	44.017					/	158.426	*	365 / 4
=	25.35

Xinjiang Tianshun Supply Chain Co Days Payable Related Terms

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Xinjiang Tianshun Supply Chain Co (SZSE:002800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xinjiang Tianshun Supply Chain Co Ltd (SZSE:002800) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 52, Dalian Street, Urumqi Economic Development Zone, Xinjiang, Urumqi, CHN

Website

http://www.xjtsscm.com

Xinjiang Tianshun Supply Chain Co Ltd is engaged in the multi-modal transportation of bulk cargo and bulk cargo, third-party logistics and public rail transport, and provides supply chain management, logistics park operation, and logistics finance. Its Services include integrated supply chain services including supply chain solution design, logistics, supply chain process management, warehousing, procurement, distribution, logistics and financial services.

Executives

Ma Xin Ping	Executives
Wang Ji Li	Directors, executives
Zhao Su Fei	Supervisors
Gao Xiang	Securities Affairs Representative
Wang Lve	Secretary Dong
Wu Yong	Director

Xinjiang Tianshun Supply Chain Co (SZSE:002800) Headlines

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