Tong Ren Tang Technologies Co (HKSE:01666) Days Payable : 134.90 (As of Dec. 2023)

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What is Tong Ren Tang Technologies Co Days Payable?

Tong Ren Tang Technologies Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,250 Mil. Tong Ren Tang Technologies Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,691 Mil. Hence, Tong Ren Tang Technologies Co's Days Payable for the six months ended in Dec. 2023 was 134.90.

The historical rank and industry rank for Tong Ren Tang Technologies Co's Days Payable or its related term are showing as below:

HKSE:01666' s Days Payable Range Over the Past 10 Years
Min: 72.49 Med: 94.95 Max: 103.07
Current: 96.9

During the past 13 years, Tong Ren Tang Technologies Co's highest Days Payable was 103.07. The lowest was 72.49. And the median was 94.95.

HKSE:01666's Days Payable is ranked better than
55.13% of 974 companies
in the Drug Manufacturers industry
Industry Median: 89.21 vs HKSE:01666: 96.90

Tong Ren Tang Technologies Co's Days Payable increased from Dec. 2022 (91.26) to Dec. 2023 (134.90). It may suggest that Tong Ren Tang Technologies Co delayed paying its suppliers.

Tong Ren Tang Technologies Co Days Payable Historical Data

The historical data trend for Tong Ren Tang Technologies 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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Tong Ren Tang Technologies Co Days Payable Chart

Tong Ren Tang Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

102.57

97.61

93.25

96.79

103.07

Tong Ren Tang Technologies Co 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															89.93	92.68	91.26	67.11	134.90

Competitive Comparison of Tong Ren Tang Technologies Co's Days Payable

For the Drug Manufacturers - General subindustry, Tong Ren Tang Technologies 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.

Tong Ren Tang Technologies Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tong Ren Tang Technologies Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tong Ren Tang Technologies Co's Days Payable falls into.

Tong Ren Tang Technologies 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.

Tong Ren Tang Technologies 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
=	( (919.316	+	1505.852)	/	2 )	/	4294.073	*	365
=	1212.584					/	4294.073	*	365
=	103.07

Tong Ren Tang Technologies Co'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
=	( (994.705	+	1505.852)	/	2 )	/	1691.478	*	365 / 2
=	1250.2785					/	1691.478	*	365 / 2
=	134.90

Tong Ren Tang Technologies Co Days Payable Related Terms

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Tong Ren Tang Technologies Co (HKSE:01666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tong Ren Tang Technologies Co Ltd (HKSE:01666) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TGRNF:USA TNG:Germany

Address

No. 16 Tongji Beilu, Beijing Economic and Technological Development Zone, Beijing, CHN

Website

https://www.tongrentangkj.com

Tong Ren Tang Technologies Co Ltd is engaged in the production and distribution of Chinese medicine and primarily operates in Mainland China and Hong Kong. The operating segments derive their revenue primarily from the manufacture and sale of Chinese medicine of the company in Mainland China and Tong Ren Tang Chinese Medicine and its subsidiaries engaged in manufacturing, retail, and wholesale of Chinese medicine products and healthcare products, and provision of Chinese medical consultation and treatments outside Mainland China and wholesale of healthcare products in Mainland China.

Executives

Citigroup Inc.	2502 Approved lending agent
Hillhouse Capital Advisors, Ltd.	2102 Investment manager
Aberdeen Asset Management Plc And Its Associates	2102 Investment manager

Tong Ren Tang Technologies Co (HKSE:01666) Headlines

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