Sinkang Industries Co (TPE:2032) Days Payable : 2.99 (As of Mar. 2024)

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What is Sinkang Industries Co Days Payable?

Sinkang Industries Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$21 Mil. Sinkang Industries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$635 Mil. Hence, Sinkang Industries Co's Days Payable for the three months ended in Mar. 2024 was 2.99.

The historical rank and industry rank for Sinkang Industries Co's Days Payable or its related term are showing as below:

TPE:2032' s Days Payable Range Over the Past 10 Years
Min: 1.35 Med: 2.58 Max: 8.72
Current: 3.01

During the past 13 years, Sinkang Industries Co's highest Days Payable was 8.72. The lowest was 1.35. And the median was 2.58.

TPE:2032's Days Payable is ranked worse than
97.78% of 586 companies
in the Steel industry
Industry Median: 41.325 vs TPE:2032: 3.01

Sinkang Industries Co's Days Payable increased from Mar. 2023 (1.86) to Mar. 2024 (2.99). It may suggest that Sinkang Industries Co delayed paying its suppliers.

Sinkang Industries Co Days Payable Historical Data

The historical data trend for Sinkang Industries 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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Sinkang Industries Co Days Payable Chart

Sinkang Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

4.00

2.14

2.81

1.41

1.35

Sinkang Industries 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															1.86	3.22	3.11	2.36	2.99

Competitive Comparison of Sinkang Industries Co's Days Payable

For the Steel subindustry, Sinkang Industries 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.

Sinkang Industries Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Sinkang Industries Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sinkang Industries Co's Days Payable falls into.

Sinkang Industries 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.

Sinkang Industries 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
=	( (6.59	+	14.207)	/	2 )	/	2818.858	*	365
=	10.3985					/	2818.858	*	365
=	1.35

Sinkang Industries 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
=	( (14.207	+	27.411)	/	2 )	/	634.822	*	365 / 4
=	20.809					/	634.822	*	365 / 4
=	2.99

Sinkang Industries Co Days Payable Related Terms

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Sinkang Industries Co (TPE:2032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sinkang Industries Co Ltd (TPE:2032) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Da'an Road, Xinzhuang, New Taipei, TWN, 242

Website

https://www.sinkang.com.tw

Sinkang Industries Co Ltd is engaged in the manufacturing, processing, and sale of stainless steel. The firm also involves in Metal wire products manufacturing, Surface treatments and Mechanical equipment manufacturing.

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