Thantawan Industry PCL (BKK:THIP) Days Payable : 42.26 (As of Mar. 2024)

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What is Thantawan Industry PCL Days Payable?

Thantawan Industry PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿337 Mil. Thantawan Industry PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿727 Mil. Hence, Thantawan Industry PCL's Days Payable for the three months ended in Mar. 2024 was 42.26.

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

BKK:THIP' s Days Payable Range Over the Past 10 Years
Min: 32.86 Med: 35.11 Max: 45.01
Current: 40.85

During the past 13 years, Thantawan Industry PCL's highest Days Payable was 45.01. The lowest was 32.86. And the median was 35.11.

BKK:THIP's Days Payable is ranked worse than
71.35% of 363 companies
in the Packaging & Containers industry
Industry Median: 60.37 vs BKK:THIP: 40.85

Thantawan Industry PCL's Days Payable increased from Mar. 2023 (31.98) to Mar. 2024 (42.26). It may suggest that Thantawan Industry PCL delayed paying its suppliers.

Thantawan Industry PCL Days Payable Historical Data

The historical data trend for Thantawan 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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Thantawan Industry PCL Days Payable Chart

Thantawan Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.83

33.47

34.69

32.86

35.80

Thantawan Industry 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															31.98	46.82	38.26	34.15	42.26

Competitive Comparison of Thantawan Industry PCL's Days Payable

For the Packaging & Containers subindustry, Thantawan 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.

Thantawan Industry PCL's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's Days Payable distribution charts can be found below:

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

Thantawan 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.

Thantawan 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
=	( (252.384	+	282.758)	/	2 )	/	2727.988	*	365
=	267.571					/	2727.988	*	365
=	35.80

Thantawan Industry 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
=	( (282.758	+	390.909)	/	2 )	/	727.392	*	365 / 4
=	336.8335					/	727.392	*	365 / 4
=	42.26

Thantawan Industry PCL Days Payable Related Terms

Thank you for viewing the detailed overview of Thantawan Industry PCL's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Thantawan Industry PCL (BKK:THIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Thantawan Industry PCL (BKK:THIP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Kangwal 2, Phetkasem Road, 143-144, Moo 8, Omyai, Sampran, Nakornpathom, THA, 73160

Website

https://www.thantawan.com

Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The company's product portfolio includes reclosable bags, drinking straws, general bags and gloves, active breathable packaging, biodegradable products, zipper attached packaging, and sundry products. It has a presence in Europe, Thailand, Australia and New Zealand, Asia, America, and other countries.

Thantawan Industry PCL (BKK:THIP) Headlines

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