Fortune Parts Industry PCL (BKK:FPI) Days Payable : 52.40 (As of Dec. 2023)

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What is Fortune Parts Industry PCL Days Payable?

Fortune Parts Industry PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿264 Mil. Fortune Parts Industry PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿459 Mil. Hence, Fortune Parts Industry PCL's Days Payable for the three months ended in Dec. 2023 was 52.40.

The historical rank and industry rank for Fortune Parts Industry PCL's Days Payable or its related term are showing as below:

BKK:FPI' s Days Payable Range Over the Past 10 Years
Min: 43.9 Med: 56.94 Max: 73.23
Current: 59.28

During the past 13 years, Fortune Parts Industry PCL's highest Days Payable was 73.23. The lowest was 43.90. And the median was 56.94.

BKK:FPI's Days Payable is ranked worse than
55.76% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.87 vs BKK:FPI: 59.28

Fortune Parts Industry PCL's Days Payable declined from Dec. 2022 (62.02) to Dec. 2023 (52.40). It may suggest that Fortune Parts Industry PCL accelerated paying its suppliers.

Fortune Parts Industry PCL Days Payable Historical Data

The historical data trend for Fortune Parts Industry 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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Fortune Parts Industry PCL Days Payable Chart

Fortune Parts Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

43.90

54.47

56.08

57.80

64.12

Fortune Parts Industry 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															62.02	75.59	53.73	54.16	52.40

Competitive Comparison of Fortune Parts Industry PCL's Days Payable

For the Auto Parts subindustry, Fortune Parts Industry 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.

Fortune Parts Industry PCL's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fortune Parts Industry PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Fortune Parts Industry PCL's Days Payable falls into.

Fortune Parts Industry 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.

Fortune Parts Industry 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
=	( (344.532	+	256.773)	/	2 )	/	1711.45	*	365
=	300.6525					/	1711.45	*	365
=	64.12

Fortune Parts Industry 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
=	( (270.333	+	256.773)	/	2 )	/	458.938	*	365 / 4
=	263.553					/	458.938	*	365 / 4
=	52.40

Fortune Parts Industry PCL Days Payable Related Terms

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Fortune Parts Industry PCL (BKK:FPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fortune Parts Industry PCL (BKK:FPI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nimitmai Road, 11/22 Moo 20, Lamlukka, Pathumthani, THA, 12150

Website

https://www.fpiautoparts.com

Fortune Parts Industry PCL is engaged in the manufacture and distribution of automotive replacement parts, dipping, and painting services based in Thailand. It has three operating segments Domestic sales, which manufacture and domestic distribution of automotive parts and equipment; Export sales, which manufacture and overseas distribution of automotive parts and equipment; and Services from dipping and painting. Some of the products offered by the company are Plastic injection parts, Lamp and mirrors, Coolants, Engine and Break parts, among others. Export sales generate the majority of the revenue. Geographically, it makes sales in Thailand, Saudi Arabia, and other countries.