Tien Phong Securities (STC:ORS) Days Payable : 2.00 (As of Mar. 2024)

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What is Tien Phong Securities Days Payable?

Tien Phong Securities's average Accounts Payable for the three months ended in Mar. 2024 was ₫3,463 Mil. Tien Phong Securities's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫157,637 Mil. Hence, Tien Phong Securities's Days Payable for the three months ended in Mar. 2024 was 2.00.

The historical rank and industry rank for Tien Phong Securities's Days Payable or its related term are showing as below:

STC:ORS' s Days Payable Range Over the Past 10 Years
Min: 1.69 Med: 40.3 Max: 234.72
Current: 1.99

During the past 6 years, Tien Phong Securities's highest Days Payable was 234.72. The lowest was 1.69. And the median was 40.30.

STC:ORS's Days Payable is ranked worse than
94.47% of 524 companies
in the Capital Markets industry
Industry Median: 98.105 vs STC:ORS: 1.99

Tien Phong Securities's Days Payable increased from Mar. 2023 (1.74) to Mar. 2024 (2.00). It may suggest that Tien Phong Securities delayed paying its suppliers.

Tien Phong Securities Days Payable Historical Data

The historical data trend for Tien Phong Securities'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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Tien Phong Securities Days Payable Chart

Tien Phong Securities Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.19

72.92

47.40

17.10

1.69

Tien Phong Securities Quarterly Data
	Mar18	Dec18	Mar19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															1.74	2.50	2.18	1.41	2.00

Competitive Comparison of Tien Phong Securities's Days Payable

For the Capital Markets subindustry, Tien Phong Securities'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.

Tien Phong Securities's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tien Phong Securities's Days Payable distribution charts can be found below:

* The bar in red indicates where Tien Phong Securities's Days Payable falls into.

Tien Phong Securities 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.

Tien Phong Securities'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
=	( (2465.934	+	4286.915)	/	2 )	/	729433.392	*	365
=	3376.4245					/	729433.392	*	365
=	1.69

Tien Phong Securities'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
=	( (4286.915	+	2640)	/	2 )	/	157636.762	*	365 / 4
=	3463.4575					/	157636.762	*	365 / 4
=	2.00

Tien Phong Securities Days Payable Related Terms

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Tien Phong Securities (STC:ORS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tien Phong Securities Corp (STC:ORS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

75-77 Nguyen Thai Binh street, District 1, Ho Chi Minh, VNM

Website

https://tpbs.com.vn

Tien Phong Securities Corp is a Vietnam-based provider of investment services. It is engaged in the provision of financial advisory, brokerage services for individual and institutional clients. The Company is also involved in securities dealing.

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