Tianshui Huatian Technology Co (SZSE:002185) Days Payable : 96.91 (As of Mar. 2024)

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What is Tianshui Huatian Technology Co Days Payable?

Tianshui Huatian Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,018 Mil. Tianshui Huatian Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,841 Mil. Hence, Tianshui Huatian Technology Co's Days Payable for the three months ended in Mar. 2024 was 96.91.

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

SZSE:002185' s Days Payable Range Over the Past 10 Years
Min: 70.11 Med: 94.33 Max: 121.85
Current: 86.39

During the past 13 years, Tianshui Huatian Technology Co's highest Days Payable was 121.85. The lowest was 70.11. And the median was 94.33.

SZSE:002185's Days Payable is ranked better than
72.97% of 962 companies
in the Semiconductors industry
Industry Median: 51.78 vs SZSE:002185: 86.39

Tianshui Huatian Technology Co's Days Payable declined from Mar. 2023 (103.57) to Mar. 2024 (96.91). It may suggest that Tianshui Huatian Technology Co accelerated paying its suppliers.

Tianshui Huatian Technology Co Days Payable Historical Data

The historical data trend for Tianshui Huatian Technology 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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Tianshui Huatian Technology Co Days Payable Chart

Tianshui Huatian Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

87.04

106.70

119.87

121.85

102.33

Tianshui Huatian Technology 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															103.57	80.19	82.14	86.30	96.91

Competitive Comparison of Tianshui Huatian Technology Co's Days Payable

For the Semiconductor Equipment & Materials subindustry, Tianshui Huatian Technology 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.

Tianshui Huatian Technology Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Tianshui Huatian Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianshui Huatian Technology Co's Days Payable falls into.

Tianshui Huatian Technology 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.

Tianshui Huatian Technology 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
=	( (2769.624	+	3000.725)	/	2 )	/	10291.594	*	365
=	2885.1745					/	10291.594	*	365
=	102.33

Tianshui Huatian Technology 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
=	( (3000.725	+	3034.854)	/	2 )	/	2841.399	*	365 / 4
=	3017.7895					/	2841.399	*	365 / 4
=	96.91

Tianshui Huatian Technology Co Days Payable Related Terms

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Tianshui Huatian Technology Co (SZSE:002185) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tianshui Huatian Technology Co Ltd (SZSE:002185) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14 Shuangqiao Road, Qinzhou District, Gansu, Tianshui, CHN, 741000

Website

http://www.tshtkj.com

Tianshui Huatian Technology Co Ltd is an integrated circuit (IC) packaging and test enterprises in China. Its main products include plastic integrated circuits, analog integrated circuits, and hybrid integrated circuits.

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