Tianjin Motor Dies Co (SZSE:002510) Days Payable : 232.15 (As of Mar. 2024)

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What is Tianjin Motor Dies Co Days Payable?

Tianjin Motor Dies Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥936 Mil. Tianjin Motor Dies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥368 Mil. Hence, Tianjin Motor Dies Co's Days Payable for the three months ended in Mar. 2024 was 232.15.

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

SZSE:002510' s Days Payable Range Over the Past 10 Years
Min: 135.7 Med: 166.77 Max: 389.93
Current: 153.83

During the past 13 years, Tianjin Motor Dies Co's highest Days Payable was 389.93. The lowest was 135.70. And the median was 166.77.

SZSE:002510's Days Payable is ranked better than
86.26% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs SZSE:002510: 153.83

Tianjin Motor Dies Co's Days Payable declined from Mar. 2023 (248.42) to Mar. 2024 (232.15). It may suggest that Tianjin Motor Dies Co accelerated paying its suppliers.

Tianjin Motor Dies Co Days Payable Historical Data

The historical data trend for Tianjin Motor Dies 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 Motor Dies Co Days Payable Chart

Tianjin Motor Dies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

192.88

389.93

260.82

166.38

169.65

Tianjin Motor Dies 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															248.42	181.53	192.10	92.00	232.15

Competitive Comparison of Tianjin Motor Dies Co's Days Payable

For the Auto Parts subindustry, Tianjin Motor Dies 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 Motor Dies Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tianjin Motor Dies Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianjin Motor Dies Co's Days Payable falls into.

Tianjin Motor Dies 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 Motor Dies 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
=	( (1162.222	+	1036.013)	/	2 )	/	2364.783	*	365
=	1099.1175					/	2364.783	*	365
=	169.65

Tianjin Motor Dies 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
=	( (1036.013	+	836.055)	/	2 )	/	367.924	*	365 / 4
=	936.034					/	367.924	*	365 / 4
=	232.15

Tianjin Motor Dies Co Days Payable Related Terms

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Tianjin Motor Dies Co (SZSE:002510) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tianjin Motor Dies Co Ltd (SZSE:002510) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

77 Hangtian Road, Airport Industrial Park, Tianjin, CHN, 300308

Website

http://www.tqm.cn

Tianjin Motor Dies Co Ltd manufactures and sells dies for the automotive industry. It also offers auto molds, stamping products, and welding fixtures.

Tianjin Motor Dies Co (SZSE:002510) Headlines

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