Cang Bao Tian Xia International Art Trade Center (Cang Bao Tian Xia International Art Trade Center) Days Payable : 903.25 (As of Dec. 2021)

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What is Cang Bao Tian Xia International Art Trade Center Days Payable?

Cang Bao Tian Xia International Art Trade Center's average Accounts Payable for the three months ended in Dec. 2021 was $8.26 Mil. Cang Bao Tian Xia International Art Trade Center's Cost of Goods Sold for the three months ended in Dec. 2021 was $0.83 Mil. Hence, Cang Bao Tian Xia International Art Trade Center's Days Payable for the three months ended in Dec. 2021 was 903.25.

The historical rank and industry rank for Cang Bao Tian Xia International Art Trade Center's Days Payable or its related term are showing as below:

TXCB's Days Payable is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 56.77
* Ranked among companies with meaningful Days Payable only.

Cang Bao Tian Xia International Art Trade Center's Days Payable increased from Dec. 2020 (608.75) to Dec. 2021 (903.25). It may suggest that Cang Bao Tian Xia International Art Trade Center delayed paying its suppliers.

Cang Bao Tian Xia International Art Trade Center Days Payable Historical Data

The historical data trend for Cang Bao Tian Xia International Art Trade Center'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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Cang Bao Tian Xia International Art Trade Center Days Payable Chart

Cang Bao Tian Xia International Art Trade Center Annual Data

Trend

Dec05

Dec06

Jun07

Jun08

Jun09

Jun10

Jun18

Jun19

Jun20

Jun21

Days Payable

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110.61

1,210.74

2,262.26

Cang Bao Tian Xia International Art Trade Center Quarterly Data
	Mar11	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Days Payable	Get a 7-Day Free Trial															15,930.73	375.06	888.49	903.25	-

Competitive Comparison of Cang Bao Tian Xia International Art Trade Center's Days Payable

For the Specialty Retail subindustry, Cang Bao Tian Xia International Art Trade Center'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.

Cang Bao Tian Xia International Art Trade Center's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cang Bao Tian Xia International Art Trade Center's Days Payable distribution charts can be found below:

* The bar in red indicates where Cang Bao Tian Xia International Art Trade Center's Days Payable falls into.

Cang Bao Tian Xia International Art Trade Center 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.

Cang Bao Tian Xia International Art Trade Center's Days Payable for the fiscal year that ended in Jun. 2021 is calculated as

	Days Payable (A: Jun. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2020 )	+	Accounts Payable (A: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2021 )	*	Days in Period
=	( (13.285	+	8.16)	/	2 )	/	1.73	*	365
=	10.7225					/	1.73	*	365
=	2,262.26

Cang Bao Tian Xia International Art Trade Center's Days Payable for the quarter that ended in Dec. 2021 is calculated as:

	Days Payable (Q: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2021 )	+	Accounts Payable (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (8.12	+	8.391)	/	2 )	/	0.834	*	365 / 4
=	8.2555					/	0.834	*	365 / 4
=	903.25

Cang Bao Tian Xia International Art Trade Center Days Payable Related Terms

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Cang Bao Tian Xia International Art Trade Center (Cang Bao Tian Xia International Art Trade Center) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Cang Bao Tian Xia International Art Trade Center Inc (OTCPK:TXCB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 61, Guoxing Avenue, Unit 609, Shengda Plaza, Meilan District, Hainan Province, Haikou, CHN, 570203

Website

http://www.txcb.com

Cang Bao Tian Xia International Art Trade Center Inc is engaged in the manufacturing and distribution of gears, gearbox sand drive axles. These are marketed and sold to equipment manufacturers in China. Its products are used for making industrial, agricultural, and construction machinery, such as forklift trucks, excavators, tractors, and diesel engines.

Executives

Wei Wang	10 percent owner	NO. 14, LANE 1, DONGXIAO CITY, CHONGWEN DISTRICT, BEIJING F4 0000000
Liang Tan	director	NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000
Yaqin Fu	10 percent owner	NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000
Xingtao Zhou	director, 10 percent owner, officer: CEO and CFO	5-1-1206 HEFENG JIANGAN, NIANQUING ROAD MEILAN DISTRICT, HAIKOU, HAINAN PROVINCE F4 00000
Ruihua International Ltd	10 percent owner	PO BOX 83, DES PLAINES IL 60016
Jayhawk Capital Management Llc	other: 13(d) group owning > 10%	13021 W 74TH ST, SHAWNEE KS 66216
Jayhawk Private Equity Gp, L.p.	other: 13(d) group owning > 10%	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Jayhawk Private Equity Co Invest Fund Lp	other: 13(d) group owning > 10%	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Jayhawk Private Equity Fund L P	other: 13(d) group owning > 10%	5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205
Kent C Mccarthy	10 percent owner, other: 13(d) group owning > 10%	930 TAHOE BLVD., 802-281, INCLINE VILLAGE NV 89451
Pinnacle China Fund, L.p.	10 percent owner	4965 PRESTON PARK BLVD., SUITE 240, PLANO TX 75093
Philip Widmann	officer: Senior Vice President	C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705
Jason Lu	director, officer: Chief Executive Officer	C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705
Ming He	officer: Chief Financial Officer	NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308
Haining Liu	director	C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705

Cang Bao Tian Xia International Art Trade Center (Cang Bao Tian Xia International Art Trade Center) Headlines

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