Tianjin Development Holdings (HKSE:00882) Days Payable : 109.43 (As of Dec. 2023)

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What is Tianjin Development Holdings Days Payable?

Tianjin Development Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$659 Mil. Tianjin Development Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,099 Mil. Hence, Tianjin Development Holdings's Days Payable for the six months ended in Dec. 2023 was 109.43.

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

HKSE:00882' s Days Payable Range Over the Past 10 Years
Min: 69.52 Med: 111.11 Max: 202.31
Current: 112.91

During the past 13 years, Tianjin Development Holdings's highest Days Payable was 202.31. The lowest was 69.52. And the median was 111.11.

HKSE:00882's Days Payable is ranked better than
77.45% of 470 companies
in the Conglomerates industry
Industry Median: 58.395 vs HKSE:00882: 112.91

Tianjin Development Holdings's Days Payable declined from Dec. 2022 (118.93) to Dec. 2023 (109.43). It may suggest that Tianjin Development Holdings accelerated paying its suppliers.

Tianjin Development Holdings Days Payable Historical Data

The historical data trend for Tianjin Development Holdings'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 Development Holdings Days Payable Chart

Tianjin Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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115.51

202.31

142.81

95.68

106.70

Tianjin Development Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															118.62	95.21	118.93	121.89	109.43

Competitive Comparison of Tianjin Development Holdings's Days Payable

For the Conglomerates subindustry, Tianjin Development Holdings'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 Development Holdings's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tianjin Development Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianjin Development Holdings's Days Payable falls into.

Tianjin Development Holdings 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 Development Holdings'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
=	( (842.894	+	518.398)	/	2 )	/	2328.301	*	365
=	680.646					/	2328.301	*	365
=	106.70

Tianjin Development Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (799.431	+	518.398)	/	2 )	/	1098.847	*	365 / 2
=	658.9145					/	1098.847	*	365 / 2
=	109.43

Tianjin Development Holdings Days Payable Related Terms

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Tianjin Development Holdings (HKSE:00882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tianjin Development Holdings Ltd (HKSE:00882) » Definitions » Days Payable

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Traded in Other Exchanges

TJSCF:USA

Address

168-200 Connaught Road Central, Suites 7-13, 36th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.tianjindev.com

Tianjin Development Holdings Ltd is a Chinese conglomerate engaged in utilities and various other services. It operates through six segments: The utility segment distributes electricity, water, heat, and thermal power to industrial, commercial, and residential customers. The Pharmaceutical segment manufactures and sells pharmaceutical products and provides pharmaceutical research and development, pharmaceutical packaging. The Hotels segment manages hotels. The electrical and Mechanical segment manufactures and sells presses, mechanical and hydroelectric equipment, and large-scale pump units. The Port Services segment offers port services. Elevators and Escalators segment manufactures and sells elevators and escalators. Nearly all of its revenue comes from China.

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