Tongwei Co (SHSE:600438) Days Payable : 142.26 (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Tongwei Co Days Payable?

Tongwei Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥27,704 Mil. Tongwei Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥17,769 Mil. Hence, Tongwei Co's Days Payable for the three months ended in Mar. 2024 was 142.26.

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

SHSE:600438' s Days Payable Range Over the Past 10 Years
Min: 17.17 Med: 76.48 Max: 118.59
Current: 90.01

During the past 13 years, Tongwei Co's highest Days Payable was 118.59. The lowest was 17.17. And the median was 76.48.

SHSE:600438's Days Payable is ranked better than
79.8% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs SHSE:600438: 90.01

Tongwei Co's Days Payable increased from Mar. 2023 (97.07) to Mar. 2024 (142.26). It may suggest that Tongwei Co delayed paying its suppliers.

Tongwei Co Days Payable Historical Data

The historical data trend for Tongwei 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.

* Premium members only.

Tongwei Co Days Payable Chart

Tongwei Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

90.89

110.71

118.59

78.71

84.57

Tongwei 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															97.07	61.63	74.64	109.43	142.26

Competitive Comparison of Tongwei Co's Days Payable

For the Farm Products subindustry, Tongwei 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.

Tongwei Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tongwei Co's Days Payable distribution charts can be found below:

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

Tongwei 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.

Tongwei 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
=	( (19869.585	+	27549.414)	/	2 )	/	102327.944	*	365
=	23709.4995					/	102327.944	*	365
=	84.57

Tongwei 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
=	( (27549.414	+	27858.157)	/	2 )	/	17769.496	*	365 / 4
=	27703.7855					/	17769.496	*	365 / 4
=	142.26

Tongwei Co Days Payable Related Terms

Thank you for viewing the detailed overview of Tongwei Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tongwei Co (SHSE:600438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tongwei Co Ltd (SHSE:600438) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 588, Middle Section Tianfu Avenue, High-Tech Zone, Tongwei International Center, Sichuan, Chengdu, CHN, 610041

Website

http://www.tongwei.com.cn

Tongwei is the largest polysilicon producer in the world. It produced 266.9 thousand metric tons of polysilicon in 2022, accounting for 32% of total production in China. Polysilicon contributed 43% of revenue and 85% of gross profit in 2022. Tongwei is also the largest solar cell producer in the world.

Tongwei Co (SHSE:600438) Headlines

No Headlines