Thai Textile Industry PCL (BKK:TTI-R) Days Payable : 8.51 (As of Mar. 2024)

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What is Thai Textile Industry PCL Days Payable?

Thai Textile Industry PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿45 Mil. Thai Textile Industry PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿486 Mil. Hence, Thai Textile Industry PCL's Days Payable for the three months ended in Mar. 2024 was 8.51.

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

BKK:TTI-R' s Days Payable Range Over the Past 10 Years
Min: 9.46 Med: 16.83 Max: 44.13
Current: 11.25

During the past 13 years, Thai Textile Industry PCL's highest Days Payable was 44.13. The lowest was 9.46. And the median was 16.83.

BKK:TTI-R's Days Payable is ranked worse than
93.64% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs BKK:TTI-R: 11.25

Thai Textile Industry PCL's Days Payable declined from Mar. 2023 (10.27) to Mar. 2024 (8.51). It may suggest that Thai Textile Industry PCL accelerated paying its suppliers.

Thai Textile Industry PCL Days Payable Historical Data

The historical data trend for Thai Textile 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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Thai Textile Industry PCL Days Payable Chart

Thai Textile Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.46

44.13

15.87

12.88

9.46

Thai Textile 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															10.27	12.32	12.71	12.36	8.51

Competitive Comparison of Thai Textile Industry PCL's Days Payable

For the Textile Manufacturing subindustry, Thai Textile 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.

Thai Textile Industry PCL's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Textile Industry PCL's Days Payable distribution charts can be found below:

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

Thai Textile 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.

Thai Textile 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
=	( (62.007	+	50.589)	/	2 )	/	2171.843	*	365
=	56.298					/	2171.843	*	365
=	9.46

Thai Textile 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
=	( (50.589	+	40.059)	/	2 )	/	486.269	*	365 / 4
=	45.324					/	486.269	*	365 / 4
=	8.51

Thai Textile Industry PCL Days Payable Related Terms

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

Thai Textile Industry PCL (BKK:TTI-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thai Textile Industry PCL (BKK:TTI-R) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TTI:Thailand

Address

Soi Bang Make Khao, Sukhumvit Road, 385 Moo 1, Soi Bang Make Khao, Taiban, Samutprakarn, Samutprakarn, THA, 10280

Website

http://www.tti.co.th

Thai Textile Industry PCL is engaged in the business of manufacturing, spinning service render, distributing yarns, apparel, and fabrics. The business operates in one segment that is Manufacturing and Distributing Yarns, Apparel, and Fabrics. The company caters only to the Thailand market. The product line of the company consists of blended yarns, dyed yarns, yarn dyed fabrics, piece dyed fabrics, shirt garments, cotton yarns, cotton spandex, rayon, polyester, and linen.

Thai Textile Industry PCL (BKK:TTI-R) Headlines

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