Anhui Tongguan Copper Foil Group Co (SZSE:301217) Days Payable : 56.48 (As of Mar. 2024)

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What is Anhui Tongguan Copper Foil Group Co Days Payable?

Anhui Tongguan Copper Foil Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥555 Mil. Anhui Tongguan Copper Foil Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥896 Mil. Hence, Anhui Tongguan Copper Foil Group Co's Days Payable for the three months ended in Mar. 2024 was 56.48.

The historical rank and industry rank for Anhui Tongguan Copper Foil Group Co's Days Payable or its related term are showing as below:

SZSE:301217' s Days Payable Range Over the Past 10 Years
Min: 13.76 Med: 45.8 Max: 94.88
Current: 34.01

During the past 7 years, Anhui Tongguan Copper Foil Group Co's highest Days Payable was 94.88. The lowest was 13.76. And the median was 45.80.

SZSE:301217's Days Payable is ranked worse than
72.12% of 965 companies
in the Semiconductors industry
Industry Median: 51.64 vs SZSE:301217: 34.01

Anhui Tongguan Copper Foil Group Co's Days Payable increased from Mar. 2023 (19.00) to Mar. 2024 (56.48). It may suggest that Anhui Tongguan Copper Foil Group Co delayed paying its suppliers.

Anhui Tongguan Copper Foil Group Co Days Payable Historical Data

The historical data trend for Anhui Tongguan Copper Foil 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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Anhui Tongguan Copper Foil Group Co Days Payable Chart

Anhui Tongguan Copper Foil Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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68.74

45.80

13.76

15.22

35.31

Anhui Tongguan Copper Foil Group Co Quarterly Data
	Dec17	Dec18	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															19.00	16.76	22.12	40.12	56.48

Competitive Comparison of Anhui Tongguan Copper Foil Group Co's Days Payable

For the Semiconductors subindustry, Anhui Tongguan Copper Foil 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.

Anhui Tongguan Copper Foil Group Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Anhui Tongguan Copper Foil Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Anhui Tongguan Copper Foil Group Co's Days Payable falls into.

Anhui Tongguan Copper Foil 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.

Anhui Tongguan Copper Foil 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
=	( (176.175	+	539.019)	/	2 )	/	3695.973	*	365
=	357.597					/	3695.973	*	365
=	35.31

Anhui Tongguan Copper Foil 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
=	( (539.019	+	570.779)	/	2 )	/	896.476	*	365 / 4
=	554.899					/	896.476	*	365 / 4
=	56.48

Anhui Tongguan Copper Foil Group Co Days Payable Related Terms

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Anhui Tongguan Copper Foil Group Co (SZSE:301217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Anhui Tongguan Copper Foil Group Co Ltd (SZSE:301217) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 189, Qingxi Avenue, Economic and Technological Development Zone, Anhui Province, Chizhou, CHN, 247100

Website

Anhui Tongguan Copper Foil Group Co Ltd is engaged in the research and development, manufacturing and sales of various high-precision electronic copper foils.

Anhui Tongguan Copper Foil Group Co (SZSE:301217) Headlines

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