Tianqi Lithium Industries (SZSE:002466) Days Payable : 144.45 (As of Mar. 2024)

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What is Tianqi Lithium Industries Days Payable?

Tianqi Lithium Industries's average Accounts Payable for the three months ended in Mar. 2024 was ¥2,112 Mil. Tianqi Lithium Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,334 Mil. Hence, Tianqi Lithium Industries's Days Payable for the three months ended in Mar. 2024 was 144.45.

The historical rank and industry rank for Tianqi Lithium Industries's Days Payable or its related term are showing as below:

SZSE:002466' s Days Payable Range Over the Past 10 Years
Min: 49.15 Med: 121.2 Max: 269.15
Current: 149.22

During the past 13 years, Tianqi Lithium Industries's highest Days Payable was 269.15. The lowest was 49.15. And the median was 121.20.

SZSE:002466's Days Payable is ranked better than
89.35% of 1503 companies
in the Chemicals industry
Industry Median: 60.63 vs SZSE:002466: 149.22

Tianqi Lithium Industries's Days Payable declined from Mar. 2023 (219.38) to Mar. 2024 (144.45). It may suggest that Tianqi Lithium Industries accelerated paying its suppliers.

Tianqi Lithium Industries Days Payable Historical Data

The historical data trend for Tianqi Lithium Industries'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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Tianqi Lithium Industries Days Payable Chart

Tianqi Lithium Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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251.73

269.15

128.81

113.58

157.00

Tianqi Lithium Industries 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															219.38	130.56	203.19	148.39	144.45

Competitive Comparison of Tianqi Lithium Industries's Days Payable

For the Specialty Chemicals subindustry, Tianqi Lithium Industries'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.

Tianqi Lithium Industries's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tianqi Lithium Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium Industries's Days Payable falls into.

Tianqi Lithium Industries 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.

Tianqi Lithium Industries'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
=	( (2711.42	+	2520.452)	/	2 )	/	6081.511	*	365
=	2615.936					/	6081.511	*	365
=	157.00

Tianqi Lithium Industries'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
=	( (2520.452	+	1702.785)	/	2 )	/	1333.899	*	365 / 4
=	2111.6185					/	1333.899	*	365 / 4
=	144.45

Tianqi Lithium Industries Days Payable Related Terms

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Tianqi Lithium Industries (SZSE:002466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianqi Lithium Industries Inc (SZSE:002466) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province, Chengdu, CHN, 629200

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium Industries (SZSE:002466) Headlines

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