Jiangsu Tianmu Lake Tourism Co (SHSE:603136) Days Payable : 49.22 (As of Mar. 2024)

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What is Jiangsu Tianmu Lake Tourism Co Days Payable?

Jiangsu Tianmu Lake Tourism Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥35.6 Mil. Jiangsu Tianmu Lake Tourism Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥65.9 Mil. Hence, Jiangsu Tianmu Lake Tourism Co's Days Payable for the three months ended in Mar. 2024 was 49.22.

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

SHSE:603136' s Days Payable Range Over the Past 10 Years
Min: 51.81 Med: 99.3 Max: 123.06
Current: 51.81

During the past 11 years, Jiangsu Tianmu Lake Tourism Co's highest Days Payable was 123.06. The lowest was 51.81. And the median was 99.30.

SHSE:603136's Days Payable is ranked worse than
54.37% of 756 companies
in the Travel & Leisure industry
Industry Median: 58.165 vs SHSE:603136: 51.81

Jiangsu Tianmu Lake Tourism Co's Days Payable declined from Mar. 2023 (63.03) to Mar. 2024 (49.22). It may suggest that Jiangsu Tianmu Lake Tourism Co accelerated paying its suppliers.

Jiangsu Tianmu Lake Tourism Co Days Payable Historical Data

The historical data trend for Jiangsu Tianmu Lake Tourism 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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Jiangsu Tianmu Lake Tourism Co Days Payable Chart

Jiangsu Tianmu Lake Tourism Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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74.17

103.59

123.06

95.00

53.90

Jiangsu Tianmu Lake Tourism 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															63.03	67.71	46.91	45.70	49.22

Competitive Comparison of Jiangsu Tianmu Lake Tourism Co's Days Payable

For the Lodging subindustry, Jiangsu Tianmu Lake Tourism 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.

Jiangsu Tianmu Lake Tourism Co's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jiangsu Tianmu Lake Tourism Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Tianmu Lake Tourism Co's Days Payable falls into.

Jiangsu Tianmu Lake Tourism 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.

Jiangsu Tianmu Lake Tourism 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
=	( (44.252	+	40.706)	/	2 )	/	287.635	*	365
=	42.479					/	287.635	*	365
=	53.90

Jiangsu Tianmu Lake Tourism 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
=	( (40.706	+	30.417)	/	2 )	/	65.933	*	365 / 4
=	35.5615					/	65.933	*	365 / 4
=	49.22

Jiangsu Tianmu Lake Tourism Co Days Payable Related Terms

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Jiangsu Tianmu Lake Tourism Co (SHSE:603136) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jiangsu Tianmu Lake Tourism Co Ltd (SHSE:603136) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tianmu Lake Tourism Resort on the 1st West Lake Road, Jiangsu Province, Liyang, CHN, 213333

Website

http://www.tmhtour.com

Jiangsu Tianmu Lake Tourism Co Ltd is mainly engaged in the development, management, and operation of a tourist attractions in China. Its business projects involved mainly include scenic area management, water world theme parks, hot springs, hotels, travel agencies, and other related tourism.

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