G J Steel PCL (BKK:GJS) Days Payable : 5.16 (As of Mar. 2024)

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What is G J Steel PCL Days Payable?

G J Steel PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿191 Mil. G J Steel PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿3,383 Mil. Hence, G J Steel PCL's Days Payable for the three months ended in Mar. 2024 was 5.16.

The historical rank and industry rank for G J Steel PCL's Days Payable or its related term are showing as below:

BKK:GJS' s Days Payable Range Over the Past 10 Years
Min: 5.33 Med: 24.89 Max: 68.6
Current: 6.34

During the past 13 years, G J Steel PCL's highest Days Payable was 68.60. The lowest was 5.33. And the median was 24.89.

BKK:GJS's Days Payable is ranked worse than
94.91% of 589 companies
in the Steel industry
Industry Median: 41.09 vs BKK:GJS: 6.34

G J Steel PCL's Days Payable declined from Mar. 2023 (6.28) to Mar. 2024 (5.16). It may suggest that G J Steel PCL accelerated paying its suppliers.

G J Steel PCL Days Payable Historical Data

The historical data trend for G J Steel 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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G J Steel PCL Days Payable Chart

G J Steel PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

31.91

10.79

7.64

5.75

5.33

G J Steel PCL Quarterly Data
	Jun19	Sep19	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															6.28	6.15	6.33	6.75	5.16

Competitive Comparison of G J Steel PCL's Days Payable

For the Steel subindustry, G J Steel 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.

G J Steel PCL's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, G J Steel PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where G J Steel PCL's Days Payable falls into.

G J Steel 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.

G J Steel 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
=	( (236.856	+	124.425)	/	2 )	/	12361.363	*	365
=	180.6405					/	12361.363	*	365
=	5.33

G J Steel PCL'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
=	( (124.425	+	257.765)	/	2 )	/	3382.5	*	365 / 4
=	191.095					/	3382.5	*	365 / 4
=	5.16

G J Steel PCL Days Payable Related Terms

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G J Steel PCL (BKK:GJS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » G J Steel PCL (BKK:GJS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Silom Road, Suriyawong, 88 Paso Tower, 24th Floor, Bangrak, Bangkok, THA, 10500

Website

https://www.gjsteel.co.th

G J Steel PCL is engaged in the manufacturing and distribution of hot rolled coil steel products. Its main products are hot-rolled coils (HRC) and tempered hot-rolled coils. The company distributes its products which are further used as a raw material to produce various products like, automotive parts, gas cylinder, pressure vessel, home appliance, and pipes. Majority of its revenue comes from Thailand market, but the firm also has its presence in South East Asia.

G J Steel PCL (BKK:GJS) Headlines

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