Fine Metal Technologies PCL (BKK:FMT-F) Days Payable : 20.46 (As of Dec. 2023)

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What is Fine Metal Technologies PCL Days Payable?

Fine Metal Technologies PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿299 Mil. Fine Metal Technologies PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿1,334 Mil. Hence, Fine Metal Technologies PCL's Days Payable for the three months ended in Dec. 2023 was 20.46.

The historical rank and industry rank for Fine Metal Technologies PCL's Days Payable or its related term are showing as below:

BKK:FMT-F' s Days Payable Range Over the Past 10 Years
Min: 18.42 Med: 35.13 Max: 48.29
Current: 22.95

During the past 13 years, Fine Metal Technologies PCL's highest Days Payable was 48.29. The lowest was 18.42. And the median was 35.13.

BKK:FMT-F's Days Payable is ranked worse than
93.31% of 2928 companies
in the Industrial Products industry
Industry Median: 76.5 vs BKK:FMT-F: 22.95

Fine Metal Technologies PCL's Days Payable declined from Dec. 2022 (22.39) to Dec. 2023 (20.46). It may suggest that Fine Metal Technologies PCL accelerated paying its suppliers.

Fine Metal Technologies PCL Days Payable Historical Data

The historical data trend for Fine Metal Technologies 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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Fine Metal Technologies PCL Days Payable Chart

Fine Metal Technologies PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.42

31.76

21.57

23.04

18.42

Fine Metal Technologies PCL Quarterly Data
	Mar19	Jun19	Sep19	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															22.39	21.05	24.49	31.42	20.46

Competitive Comparison of Fine Metal Technologies PCL's Days Payable

For the Metal Fabrication subindustry, Fine Metal Technologies 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.

Fine Metal Technologies PCL's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fine Metal Technologies PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Fine Metal Technologies PCL's Days Payable falls into.

Fine Metal Technologies 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.

Fine Metal Technologies PCL'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
=	( (472.284	+	172.526)	/	2 )	/	6388.176	*	365
=	322.405					/	6388.176	*	365
=	18.42

Fine Metal Technologies 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
=	( (426.002	+	172.526)	/	2 )	/	1334.394	*	365 / 4
=	299.264					/	1334.394	*	365 / 4
=	20.46

Fine Metal Technologies PCL Days Payable Related Terms

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Fine Metal Technologies PCL (BKK:FMT-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fine Metal Technologies PCL (BKK:FMT-F) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FMT:Thailand

Address

Rajdamri Road, 183 Regent House Building, 14th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.fmt.co.th

Fine Metal Technologies PCL is engaged in the manufacturing and distribution of a seamless copper tube, which is an important component for air-conditioners and refrigerator equipment. Its products include Smooth Tube, Multi Groove Tube, Accumulator Tube, and Capillary Tube. Geographically, the company operates in Thailand, Malaysia, Japan, Singapore and Othercountries.

Fine Metal Technologies PCL (BKK:FMT-F) Headlines

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