Tianjin Pengling Group Co (SZSE:300375) Days Payable : 140.98 (As of Mar. 2024)

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What is Tianjin Pengling Group Co Days Payable?

Tianjin Pengling Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥630 Mil. Tianjin Pengling Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥408 Mil. Hence, Tianjin Pengling Group Co's Days Payable for the three months ended in Mar. 2024 was 140.98.

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

SZSE:300375' s Days Payable Range Over the Past 10 Years
Min: 62.46 Med: 83.01 Max: 140.38
Current: 114.19

During the past 13 years, Tianjin Pengling Group Co's highest Days Payable was 140.38. The lowest was 62.46. And the median was 83.01.

SZSE:300375's Days Payable is ranked better than
76.88% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 66.66 vs SZSE:300375: 114.19

Tianjin Pengling Group Co's Days Payable declined from Mar. 2023 (141.43) to Mar. 2024 (140.98). It may suggest that Tianjin Pengling Group Co accelerated paying its suppliers.

Tianjin Pengling Group Co Days Payable Historical Data

The historical data trend for Tianjin Pengling Group 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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Tianjin Pengling Group Co Days Payable Chart

Tianjin Pengling Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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89.53

88.69

100.53

115.80

140.38

Tianjin Pengling Group 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															141.43	108.00	103.63	109.49	140.98

Competitive Comparison of Tianjin Pengling Group Co's Days Payable

For the Auto Parts subindustry, Tianjin Pengling Group 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.

Tianjin Pengling Group Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tianjin Pengling Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianjin Pengling Group Co's Days Payable falls into.

Tianjin Pengling Group 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.

Tianjin Pengling Group 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
=	( (478.13	+	694.229)	/	2 )	/	1524.065	*	365
=	586.1795					/	1524.065	*	365
=	140.38

Tianjin Pengling Group 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
=	( (694.229	+	566.541)	/	2 )	/	408.013	*	365 / 4
=	630.385					/	408.013	*	365 / 4
=	140.98

Tianjin Pengling Group Co Days Payable Related Terms

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Tianjin Pengling Group Co (SZSE:300375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tianjin Pengling Group Co Ltd (SZSE:300375) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 1703 Gewan Road, Zhongtang Industrial Area, Binhai New Area, Tianjin, CHN, 300270

Website

http://www.pengling.cn

Tianjin Pengling Rubber Hose Co Ltd is engaged in the design, research and development, production, and sales of automobile accessory. The products of the company include pipe series and seal series.

Executives

Zhang Hong Qi	Director
Wang Zhong Sheng	Supervisors
Li Jin Lou	Directors, executives
Gao Xian Hua	Executives
Liu Li	Supervisors
Zhang Bao Xin	Directors, executives
Liu Shi Ling	Secretary, Director
Zhang Xi Cheng	Executives
Wang Shao Guo	Supervisors

Tianjin Pengling Group Co (SZSE:300375) Headlines

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