Thien Long Group (STC:TLG) Days Payable : 39.84 (As of Mar. 2024)

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What is Thien Long Group Days Payable?

Thien Long Group's average Accounts Payable for the three months ended in Mar. 2024 was ₫203,111 Mil. Thien Long Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫465,232 Mil. Hence, Thien Long Group's Days Payable for the three months ended in Mar. 2024 was 39.84.

The historical rank and industry rank for Thien Long Group's Days Payable or its related term are showing as below:

STC:TLG' s Days Payable Range Over the Past 10 Years
Min: 24.9 Med: 33.03 Max: 42.5
Current: 38.82

During the past 13 years, Thien Long Group's highest Days Payable was 42.50. The lowest was 24.90. And the median was 33.03.

STC:TLG's Days Payable is ranked worse than
80.96% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs STC:TLG: 38.82

Thien Long Group's Days Payable declined from Mar. 2023 (41.05) to Mar. 2024 (39.84). It may suggest that Thien Long Group accelerated paying its suppliers.

Thien Long Group Days Payable Historical Data

The historical data trend for Thien Long Group'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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Thien Long Group Days Payable Chart

Thien Long Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.30

32.48

36.26

41.41

42.50

Thien Long Group 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															41.05	33.15	39.56	41.54	39.84

Competitive Comparison of Thien Long Group's Days Payable

For the Business Equipment & Supplies subindustry, Thien Long Group'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.

Thien Long Group's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thien Long Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Thien Long Group's Days Payable falls into.

Thien Long Group 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.

Thien Long Group'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
=	( (260162.035	+	193822.557)	/	2 )	/	1949334.545	*	365
=	226992.296					/	1949334.545	*	365
=	42.50

Thien Long Group'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
=	( (193822.557	+	212398.502)	/	2 )	/	465231.85	*	365 / 4
=	203110.5295					/	465231.85	*	365 / 4
=	39.84

Thien Long Group Days Payable Related Terms

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Thien Long Group (STC:TLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thien Long Group Corp (STC:TLG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Block 6-8-10-12, No.3 Street, Tan Tao Industrial Park, Tan Tao A Ward, Binh Tan District, Ho Chi Minh City, VNM

Website

http://www.thienlonggroup.com

Thien Long Group Corp is a Vietnam-based company engages in manufacturing and trading of stationery products. Its products include Pens, Office Supplies, School Supplies, and Art Supplies.

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