Tongkun Group Co (SHSE:601233) Days Payable : 59.27 (As of Mar. 2024)

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What is Tongkun Group Co Days Payable?

Tongkun Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥12,793 Mil. Tongkun Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥19,696 Mil. Hence, Tongkun Group Co's Days Payable for the three months ended in Mar. 2024 was 59.27.

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

SHSE:601233' s Days Payable Range Over the Past 10 Years
Min: 35.95 Med: 48.82 Max: 64.09
Current: 50.33

During the past 13 years, Tongkun Group Co's highest Days Payable was 64.09. The lowest was 35.95. And the median was 48.82.

SHSE:601233's Days Payable is ranked worse than
55.29% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.73 vs SHSE:601233: 50.33

Tongkun Group Co's Days Payable declined from Mar. 2023 (63.05) to Mar. 2024 (59.27). It may suggest that Tongkun Group Co accelerated paying its suppliers.

Tongkun Group Co Days Payable Historical Data

The historical data trend for Tongkun Group 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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Tongkun Group Co Days Payable Chart

Tongkun Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.16

54.33

52.30

64.09

62.86

Tongkun Group 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															63.05	45.71	45.49	59.17	59.27

Competitive Comparison of Tongkun Group Co's Days Payable

For the Textile Manufacturing subindustry, Tongkun Group 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.

Tongkun Group Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tongkun Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tongkun Group Co's Days Payable falls into.

Tongkun Group 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.

Tongkun Group 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
=	( (12499.162	+	14523.786)	/	2 )	/	78455.116	*	365
=	13511.474					/	78455.116	*	365
=	62.86

Tongkun Group 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
=	( (14523.786	+	11062.243)	/	2 )	/	19695.548	*	365 / 4
=	12793.0145					/	19695.548	*	365 / 4
=	59.27

Tongkun Group Co Days Payable Related Terms

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Tongkun Group Co (SHSE:601233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tongkun Group Co Ltd (SHSE:601233) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 199 Guangming Road, Tongxiang Economic Development Zone, Tongxiang, Zhejiang, CHN, 314500

Website

http://www.zjtkgf.com/

Tongkun Group Co Ltd is a China-based company engaged in polyester and polyester filament yarn manufacturing. It offers various polyester filament yarns such as a pre-oriented filament, draw textured yarns, polyester chips, and others under the GOLDENCOCK and Tong Kun brand names. Geographically the business activities are carried out through China.

Executives

Shen Pei Xing	Director
Chen Shi Nan	Director
Zhou Jun	Directors, senior managers
Xu Jin Xiang	Directors, senior managers
Chen Jian Rong	Director

Tongkun Group Co (SHSE:601233) Headlines

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