Ta Chen Stainless Pipe Co (TPE:2027) Days Payable : 10.17 (As of Mar. 2024)

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What is Ta Chen Stainless Pipe Co Days Payable?

Ta Chen Stainless Pipe Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$2,144 Mil. Ta Chen Stainless Pipe Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$19,241 Mil. Hence, Ta Chen Stainless Pipe Co's Days Payable for the three months ended in Mar. 2024 was 10.17.

The historical rank and industry rank for Ta Chen Stainless Pipe Co's Days Payable or its related term are showing as below:

TPE:2027' s Days Payable Range Over the Past 10 Years
Min: 10.96 Med: 12.12 Max: 17.1
Current: 11.66

During the past 13 years, Ta Chen Stainless Pipe Co's highest Days Payable was 17.10. The lowest was 10.96. And the median was 12.12.

TPE:2027's Days Payable is ranked worse than
88.53% of 584 companies
in the Steel industry
Industry Median: 41.915 vs TPE:2027: 11.66

Ta Chen Stainless Pipe Co's Days Payable declined from Mar. 2023 (11.72) to Mar. 2024 (10.17). It may suggest that Ta Chen Stainless Pipe Co accelerated paying its suppliers.

Ta Chen Stainless Pipe Co Days Payable Historical Data

The historical data trend for Ta Chen Stainless Pipe Co'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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Ta Chen Stainless Pipe Co Days Payable Chart

Ta Chen Stainless Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

14.49

17.10

11.52

11.56

11.10

Ta Chen Stainless Pipe Co 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															11.72	12.61	12.36	10.92	10.17

Competitive Comparison of Ta Chen Stainless Pipe Co's Days Payable

For the Steel subindustry, Ta Chen Stainless Pipe Co'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.

Ta Chen Stainless Pipe Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ta Chen Stainless Pipe Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ta Chen Stainless Pipe Co's Days Payable falls into.

Ta Chen Stainless Pipe Co 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.

Ta Chen Stainless Pipe Co'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
=	( (2996.768	+	1977.717)	/	2 )	/	81799.804	*	365
=	2487.2425					/	81799.804	*	365
=	11.10

Ta Chen Stainless Pipe Co'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
=	( (1977.717	+	2310.987)	/	2 )	/	19241.474	*	365 / 4
=	2144.352					/	19241.474	*	365 / 4
=	10.17

Ta Chen Stainless Pipe Co Days Payable Related Terms

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Ta Chen Stainless Pipe Co (TPE:2027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ta Chen Stainless Pipe Co Ltd (TPE:2027) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.125 Hsin-Tien 2nd Street, Hsin-Tien, Jeng-Teh, Tainan, TWN

Website

https://www.tachen.com.tw

Ta Chen Stainless Pipe Co Ltd is a Taiwan-based company that is primarily engaged in manufacturing and distributing of stainless steel, fasteners, steel strips, aluminum and nickel alloy coils, sheets, plates, long products, tubes, and PVFs. The company generates most of its sales from stainless steel products and fasteners. The company particularly specializes in manufacturing stainless tube and its accessories, which are used in petrochemical and food industries. Geographically, the company generates almost all of its revenue from the American market, where the company distributes its products through its warehouses in Los Angeles, Chicago, Houston, Atlanta, Florida, Philadelphia, Seattle, and Cleveland.

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