Ganzhou Teng Yuan Cobalt New Material Co (SZSE:301219) Days Payable : 57.24 (As of Mar. 2024)

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What is Ganzhou Teng Yuan Cobalt New Material Co Days Payable?

Ganzhou Teng Yuan Cobalt New Material Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥768 Mil. Ganzhou Teng Yuan Cobalt New Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,225 Mil. Hence, Ganzhou Teng Yuan Cobalt New Material Co's Days Payable for the three months ended in Mar. 2024 was 57.24.

The historical rank and industry rank for Ganzhou Teng Yuan Cobalt New Material Co's Days Payable or its related term are showing as below:

SZSE:301219' s Days Payable Range Over the Past 10 Years
Min: 7.51 Med: 27.6 Max: 48.2
Current: 48.2

During the past 10 years, Ganzhou Teng Yuan Cobalt New Material Co's highest Days Payable was 48.20. The lowest was 7.51. And the median was 27.60.

SZSE:301219's Days Payable is ranked worse than
75.19% of 1068 companies
in the Metals & Mining industry
Industry Median: 135.555 vs SZSE:301219: 48.20

Ganzhou Teng Yuan Cobalt New Material Co's Days Payable increased from Mar. 2023 (42.08) to Mar. 2024 (57.24). It may suggest that Ganzhou Teng Yuan Cobalt New Material Co delayed paying its suppliers.

Ganzhou Teng Yuan Cobalt New Material Co Days Payable Historical Data

The historical data trend for Ganzhou Teng Yuan Cobalt New Material 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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Ganzhou Teng Yuan Cobalt New Material Co Days Payable Chart

Ganzhou Teng Yuan Cobalt New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.00

39.65

36.63

34.98

48.09

Ganzhou Teng Yuan Cobalt New Material Co Quarterly Data
	Dec18	Jun19	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															42.08	42.68	45.61	49.35	57.24

Competitive Comparison of Ganzhou Teng Yuan Cobalt New Material Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Ganzhou Teng Yuan Cobalt New Material 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.

Ganzhou Teng Yuan Cobalt New Material Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ganzhou Teng Yuan Cobalt New Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ganzhou Teng Yuan Cobalt New Material Co's Days Payable falls into.

Ganzhou Teng Yuan Cobalt New Material 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.

Ganzhou Teng Yuan Cobalt New Material 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
=	( (395.816	+	790.136)	/	2 )	/	4500.338	*	365
=	592.976					/	4500.338	*	365
=	48.09

Ganzhou Teng Yuan Cobalt New Material 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
=	( (790.136	+	746.683)	/	2 )	/	1224.885	*	365 / 4
=	768.4095					/	1224.885	*	365 / 4
=	57.24

Ganzhou Teng Yuan Cobalt New Material Co Days Payable Related Terms

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Ganzhou Teng Yuan Cobalt New Material Co (SZSE:301219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ganzhou Teng Yuan Cobalt New Material Co Ltd (SZSE:301219) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 9, Xijin Avenue, Ganzhou High-tech Industrial Development Zone, Ganxian District, Jiangxi Province, Ganzhou, CHN, 341100

Website

http://www.tycogz.com

Ganzhou Teng Yuan Cobalt New Material Co Ltd is engaged in the research and development, production and sales of cobalt and copper products.

Executives

Chen Wen Wei	Executives
Hu Chang Chao	Secretary Dong
Xie Fu Biao	Directors, executives

Ganzhou Teng Yuan Cobalt New Material Co (SZSE:301219) Headlines

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