Nanjing Toua Hardware & Tools Co (SZSE:301125) Days Payable : 93.74 (As of Mar. 2024)

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What is Nanjing Toua Hardware & Tools Co Days Payable?

Nanjing Toua Hardware & Tools Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥112.2 Mil. Nanjing Toua Hardware & Tools Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥109.3 Mil. Hence, Nanjing Toua Hardware & Tools Co's Days Payable for the three months ended in Mar. 2024 was 93.74.

The historical rank and industry rank for Nanjing Toua Hardware & Tools Co's Days Payable or its related term are showing as below:

SZSE:301125' s Days Payable Range Over the Past 10 Years
Min: 40.22 Med: 47.96 Max: 85.73
Current: 71.98

During the past 7 years, Nanjing Toua Hardware & Tools Co's highest Days Payable was 85.73. The lowest was 40.22. And the median was 47.96.

SZSE:301125's Days Payable is ranked worse than
53.88% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SZSE:301125: 71.98

Nanjing Toua Hardware & Tools Co's Days Payable increased from Mar. 2023 (50.50) to Mar. 2024 (93.74). It may suggest that Nanjing Toua Hardware & Tools Co delayed paying its suppliers.

Nanjing Toua Hardware & Tools Co Days Payable Historical Data

The historical data trend for Nanjing Toua Hardware & Tools 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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Nanjing Toua Hardware & Tools Co Days Payable Chart

Nanjing Toua Hardware & Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.65

51.48

40.22

42.80

85.73

Nanjing Toua Hardware & Tools Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														50.50	49.64	50.29	87.67	93.74

Competitive Comparison of Nanjing Toua Hardware & Tools Co's Days Payable

For the Tools & Accessories subindustry, Nanjing Toua Hardware & Tools 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.

Nanjing Toua Hardware & Tools Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nanjing Toua Hardware & Tools Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Nanjing Toua Hardware & Tools Co's Days Payable falls into.

Nanjing Toua Hardware & Tools 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.

Nanjing Toua Hardware & Tools 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
=	( (35.782	+	121.054)	/	2 )	/	333.884	*	365
=	78.418					/	333.884	*	365
=	85.73

Nanjing Toua Hardware & Tools 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
=	( (121.054	+	103.441)	/	2 )	/	109.27	*	365 / 4
=	112.2475					/	109.27	*	365 / 4
=	93.74

Nanjing Toua Hardware & Tools Co Days Payable Related Terms

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Nanjing Toua Hardware & Tools Co (SZSE:301125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nanjing Toua Hardware & Tools Co Ltd (SZSE:301125) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 129, Linqi Road, Dongshan Street, Jiangning District, Jiangsu Province, Nanjing, CHN, 210000

Website

http://www.tengyanjjg.com

Nanjing Toua Hardware & Tools Co Ltd is engaged in production and sales of nail fastening equipment and architectural hardware products. The company specializes in the manufacturing of moulds, die casting, injection molding, spraying, assembly and other processes.

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