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Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Days Payable : 95.89 (As of Mar. 2024)


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What is Jiangsu Tongguang Electronic Wire and Cable Co Days Payable?

Jiangsu Tongguang Electronic Wire and Cable Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥403 Mil. Jiangsu Tongguang Electronic Wire and Cable Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥383 Mil. Hence, Jiangsu Tongguang Electronic Wire and Cable Co's Days Payable for the three months ended in Mar. 2024 was 95.89.

The historical rank and industry rank for Jiangsu Tongguang Electronic Wire and Cable Co's Days Payable or its related term are showing as below:

SZSE:300265' s Days Payable Range Over the Past 10 Years
Min: 61.48   Med: 81.2   Max: 94.85
Current: 83.99

During the past 13 years, Jiangsu Tongguang Electronic Wire and Cable Co's highest Days Payable was 94.85. The lowest was 61.48. And the median was 81.20.

SZSE:300265's Days Payable is ranked better than
54.8% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs SZSE:300265: 83.99

Jiangsu Tongguang Electronic Wire and Cable Co's Days Payable increased from Mar. 2023 (79.59) to Mar. 2024 (95.89). It may suggest that Jiangsu Tongguang Electronic Wire and Cable Co delayed paying its suppliers.


Jiangsu Tongguang Electronic Wire and Cable Co Days Payable Historical Data

The historical data trend for Jiangsu Tongguang Electronic Wire and Cable 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.

* Premium members only.

Jiangsu Tongguang Electronic Wire and Cable Co Days Payable Chart

Jiangsu Tongguang Electronic Wire and Cable Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 94.85 82.84 61.48 80.14 83.11

Jiangsu Tongguang Electronic Wire and Cable 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.59 84.01 84.36 75.09 95.89

Competitive Comparison of Jiangsu Tongguang Electronic Wire and Cable Co's Days Payable

For the Electrical Equipment & Parts subindustry, Jiangsu Tongguang Electronic Wire and Cable 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.


Jiangsu Tongguang Electronic Wire and Cable Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Tongguang Electronic Wire and Cable Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Tongguang Electronic Wire and Cable Co's Days Payable falls into.



Jiangsu Tongguang Electronic Wire and Cable 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.

Jiangsu Tongguang Electronic Wire and Cable 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
=( (464.067 + 414.841) / 2 ) / 1930.071*365
=439.454 / 1930.071*365
=83.11

Jiangsu Tongguang Electronic Wire and Cable 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
=( (414.841 + 390.656) / 2 ) / 383.268*365 / 4
=402.7485 / 383.268*365 / 4
=95.89

* 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.


Jiangsu Tongguang Electronic Wire and Cable Co Days Payable Related Terms

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Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Business Description

Traded in Other Exchanges
N/A
Address
No.169, Bohai Road, Jiangsu, Haimen, CHN, 226103
Jiangsu Tongguang Electronic Wire and Cable Co Ltd is engaged in the production and sales of semiconductor chips, optical active, passive components, and electrical wires. The products of the company include power cable series, energy saving series, electronic cable series, and aluminium clad steel wire series.

Jiangsu Tongguang Electronic Wire and Cable Co (SZSE:300265) Headlines

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