Thai Energy Storage Technology PCL (BKK:3K-BAT) Days Payable : 25.22 (As of Dec. 2023)

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What is Thai Energy Storage Technology PCL Days Payable?

Thai Energy Storage Technology PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿280 Mil. Thai Energy Storage Technology PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿1,012 Mil. Hence, Thai Energy Storage Technology PCL's Days Payable for the three months ended in Dec. 2023 was 25.22.

The historical rank and industry rank for Thai Energy Storage Technology PCL's Days Payable or its related term are showing as below:

BKK:3K-BAT' s Days Payable Range Over the Past 10 Years
Min: 24.25 Med: 41.71 Max: 46.3
Current: 24.25

During the past 5 years, Thai Energy Storage Technology PCL's highest Days Payable was 46.30. The lowest was 24.25. And the median was 41.71.

BKK:3K-BAT's Days Payable is ranked worse than
92.59% of 2927 companies
in the Industrial Products industry
Industry Median: 76.55 vs BKK:3K-BAT: 24.25

Thai Energy Storage Technology PCL's Days Payable declined from Dec. 2022 (28.63) to Dec. 2023 (25.22). It may suggest that Thai Energy Storage Technology PCL accelerated paying its suppliers.

Thai Energy Storage Technology PCL Days Payable Historical Data

The historical data trend for Thai Energy Storage Technology PCL'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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Thai Energy Storage Technology PCL Days Payable Chart

Thai Energy Storage Technology PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Mar23

Days Payable

41.73

46.30

41.71

26.90

25.13

Thai Energy Storage Technology PCL Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial														28.63	24.38	23.05	23.80	25.22

Competitive Comparison of Thai Energy Storage Technology PCL's Days Payable

For the Electrical Equipment & Parts subindustry, Thai Energy Storage Technology PCL'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.

Thai Energy Storage Technology PCL's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thai Energy Storage Technology PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Thai Energy Storage Technology PCL's Days Payable falls into.

Thai Energy Storage Technology PCL 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.

Thai Energy Storage Technology PCL's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (344.638	+	252.227)	/	2 )	/	4333.72	*	365
=	298.4325					/	4333.72	*	365
=	25.13

Thai Energy Storage Technology PCL's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (274.206	+	285.186)	/	2 )	/	1011.805	*	365 / 4
=	279.696					/	1011.805	*	365 / 4
=	25.22

Thai Energy Storage Technology PCL Days Payable Related Terms

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Thai Energy Storage Technology PCL (BKK:3K-BAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thai Energy Storage Technology PCL (BKK:3K-BAT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

387 Moo 4, Sukhumvit Road, Mueang Samut Prakan District, Praekasa Sub-District, Samut Prakan, THA, 10280

Website

https://www.3kbattery.com

Thai Energy Storage Technology PCL is engaged in the manufacturing of batteries. It provides Automotive batteries, Motorcycle Battery, Traction Battery, ED Battery, and Lighting batteries among other products. The company's operations are carried on only in Thailand, with an international customer base.

Thai Energy Storage Technology PCL (BKK:3K-BAT) Headlines

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