Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Days Payable : 906.09 (As of Mar. 2024)

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What is Tianjin 712 Communication & Broadcasting Co Days Payable?

Tianjin 712 Communication & Broadcasting Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,137 Mil. Tianjin 712 Communication & Broadcasting Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥316 Mil. Hence, Tianjin 712 Communication & Broadcasting Co's Days Payable for the three months ended in Mar. 2024 was 906.09.

The historical rank and industry rank for Tianjin 712 Communication & Broadcasting Co's Days Payable or its related term are showing as below:

SHSE:603712' s Days Payable Range Over the Past 10 Years
Min: 190.96 Med: 414.97 Max: 650.03
Current: 608.18

During the past 11 years, Tianjin 712 Communication & Broadcasting Co's highest Days Payable was 650.03. The lowest was 190.96. And the median was 414.97.

SHSE:603712's Days Payable is ranked better than
98.22% of 2421 companies
in the Hardware industry
Industry Median: 67.64 vs SHSE:603712: 608.18

Tianjin 712 Communication & Broadcasting Co's Days Payable declined from Mar. 2023 (1,189.73) to Mar. 2024 (906.09). It may suggest that Tianjin 712 Communication & Broadcasting Co accelerated paying its suppliers.

Tianjin 712 Communication & Broadcasting Co Days Payable Historical Data

The historical data trend for Tianjin 712 Communication & Broadcasting 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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Tianjin 712 Communication & Broadcasting Co Days Payable Chart

Tianjin 712 Communication & Broadcasting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

448.76

511.11

558.62

567.15

650.03

Tianjin 712 Communication & Broadcasting 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															1,189.73	624.12	583.44	468.46	906.09

Competitive Comparison of Tianjin 712 Communication & Broadcasting Co's Days Payable

For the Communication Equipment subindustry, Tianjin 712 Communication & Broadcasting 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.

Tianjin 712 Communication & Broadcasting Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tianjin 712 Communication & Broadcasting Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianjin 712 Communication & Broadcasting Co's Days Payable falls into.

Tianjin 712 Communication & Broadcasting 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.

Tianjin 712 Communication & Broadcasting 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
=	( (3533.477	+	3234.434)	/	2 )	/	1900.133	*	365
=	3383.9555					/	1900.133	*	365
=	650.03

Tianjin 712 Communication & Broadcasting 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
=	( (3234.434	+	3039.92)	/	2 )	/	315.936	*	365 / 4
=	3137.177					/	315.936	*	365 / 4
=	906.09

Tianjin 712 Communication & Broadcasting Co Days Payable Related Terms

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Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tianjin 712 Communication & Broadcasting Co Ltd (SHSE:603712) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 141 North Main Street, Tianjin Economic and Technological Development Zone, West District, Tianjin, CHN, 300462

Website

http://www.712.cn

Tianjin 712 Communication & Broadcasting Co Ltd is a Chinese based company operates in communication equipment business. It is primarily involved in the research, development, production, and precision electronic product processing of civil communication equipment, trunking mobile communication system, maritime communication products, digital walkie-talkie and train wireless dispatching communication system equipment. Geographically, the operations are carried out through China.

Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Headlines

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