Krungthai Car Rent And Lease PCL (BKK:KCAR) Days Payable : 16.92 (As of Mar. 2024)

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What is Krungthai Car Rent And Lease PCL Days Payable?

Krungthai Car Rent And Lease PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿74 Mil. Krungthai Car Rent And Lease PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿401 Mil. Hence, Krungthai Car Rent And Lease PCL's Days Payable for the three months ended in Mar. 2024 was 16.92.

The historical rank and industry rank for Krungthai Car Rent And Lease PCL's Days Payable or its related term are showing as below:

BKK:KCAR' s Days Payable Range Over the Past 10 Years
Min: 15.44 Med: 17.96 Max: 21.7
Current: 15.44

During the past 13 years, Krungthai Car Rent And Lease PCL's highest Days Payable was 21.70. The lowest was 15.44. And the median was 17.96.

BKK:KCAR's Days Payable is ranked worse than
84.31% of 924 companies
in the Business Services industry
Industry Median: 47.92 vs BKK:KCAR: 15.44

Krungthai Car Rent And Lease PCL's Days Payable increased from Mar. 2023 (16.77) to Mar. 2024 (16.92). It may suggest that Krungthai Car Rent And Lease PCL delayed paying its suppliers.

Krungthai Car Rent And Lease PCL Days Payable Historical Data

The historical data trend for Krungthai Car Rent And Lease 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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Krungthai Car Rent And Lease PCL Days Payable Chart

Krungthai Car Rent And Lease PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.07

15.65

16.55

17.65

17.89

Krungthai Car Rent And Lease 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															16.77	14.58	14.34	15.31	16.92

Competitive Comparison of Krungthai Car Rent And Lease PCL's Days Payable

For the Rental & Leasing Services subindustry, Krungthai Car Rent And Lease 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.

Krungthai Car Rent And Lease PCL's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Krungthai Car Rent And Lease PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Krungthai Car Rent And Lease PCL's Days Payable falls into.

Krungthai Car Rent And Lease 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.

Krungthai Car Rent And Lease 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
=	( (92.874	+	70.343)	/	2 )	/	1665.395	*	365
=	81.6085					/	1665.395	*	365
=	17.89

Krungthai Car Rent And Lease 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
=	( (70.343	+	78.518)	/	2 )	/	401.483	*	365 / 4
=	74.4305					/	401.483	*	365 / 4
=	16.92

Krungthai Car Rent And Lease PCL Days Payable Related Terms

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Krungthai Car Rent And Lease PCL (BKK:KCAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Krungthai Car Rent And Lease PCL (BKK:KCAR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 455/1 Rama 3 Road, Kwang Bangklo, Khet Bangkorlaem, Bangkok, THA, 10120

Website

http://www.krungthai.co.th

Krungthai Car Rent And Lease PCL are engaged in the rental business. It is engaged in operating lease in car rental business and selling of used cars. In addition, the company offers car maintenance services, such as fitting and repairing services. It operates in the following segments; Car rent of operating segment and the Used car distribution segment. The firm generates maximum revenue from its Car rent of operating segment. It caters its services to corporate clients, including government agencies and private companies, as well as individual clients. Its vehicle models for rentals include economy, compact, intermediate and sports utility vehicles.

Krungthai Car Rent And Lease PCL (BKK:KCAR) Headlines

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