Shenzhen Tongye Technology Co (SZSE:300960) Days Payable : 382.38 (As of Mar. 2024)

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What is Shenzhen Tongye Technology Co Days Payable?

Shenzhen Tongye Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥147.6 Mil. Shenzhen Tongye Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥35.2 Mil. Hence, Shenzhen Tongye Technology Co's Days Payable for the three months ended in Mar. 2024 was 382.38.

The historical rank and industry rank for Shenzhen Tongye Technology Co's Days Payable or its related term are showing as below:

SZSE:300960' s Days Payable Range Over the Past 10 Years
Min: 202.81 Med: 253.24 Max: 313.45
Current: 230.58

During the past 11 years, Shenzhen Tongye Technology Co's highest Days Payable was 313.45. The lowest was 202.81. And the median was 253.24.

SZSE:300960's Days Payable is ranked better than
90.36% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SZSE:300960: 230.58

Shenzhen Tongye Technology Co's Days Payable declined from Mar. 2023 (492.23) to Mar. 2024 (382.38). It may suggest that Shenzhen Tongye Technology Co accelerated paying its suppliers.

Shenzhen Tongye Technology Co Days Payable Historical Data

The historical data trend for Shenzhen Tongye Technology 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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Shenzhen Tongye Technology Co Days Payable Chart

Shenzhen Tongye Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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250.31

313.45

291.49

284.62

240.43

Shenzhen Tongye Technology 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															492.23	211.66	246.55	157.21	382.38

Competitive Comparison of Shenzhen Tongye Technology Co's Days Payable

For the Specialty Industrial Machinery subindustry, Shenzhen Tongye Technology 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.

Shenzhen Tongye Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Tongye Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Tongye Technology Co's Days Payable falls into.

Shenzhen Tongye Technology 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.

Shenzhen Tongye Technology 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
=	( (121.572	+	139.994)	/	2 )	/	198.547	*	365
=	130.783					/	198.547	*	365
=	240.43

Shenzhen Tongye Technology 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
=	( (139.994	+	155.277)	/	2 )	/	35.231	*	365 / 4
=	147.6355					/	35.231	*	365 / 4
=	382.38

Shenzhen Tongye Technology Co Days Payable Related Terms

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Shenzhen Tongye Technology Co (SZSE:300960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Tongye Technology Co Ltd (SZSE:300960) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Guanguang Road, Guanlan Street, 1st to 4th Floor, No. 3 Factory, Meitai Industrial, Guihua Community, Longhua New District, Guangdong Province, Shenzhen, CHN, 518110

Website

http://www.sz-tongye.com.cn

Shenzhen Tongye Technology Co Ltd is engaged in the development and production of rail transit train power supply products, network control products, energy management systems, motors and fans. The products are widely used in high-speed rail, urban rail vehicles, locomotives, and new energy products at home and abroad.

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