Lung Ming Green Energy Technology Engineering Co (TPE:3018) Days Payable : 231.06 (As of Mar. 2024)

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What is Lung Ming Green Energy Technology Engineering Co Days Payable?

Lung Ming Green Energy Technology Engineering Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$251.8 Mil. Lung Ming Green Energy Technology Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$99.4 Mil. Hence, Lung Ming Green Energy Technology Engineering Co's Days Payable for the three months ended in Mar. 2024 was 231.06.

The historical rank and industry rank for Lung Ming Green Energy Technology Engineering Co's Days Payable or its related term are showing as below:

TPE:3018' s Days Payable Range Over the Past 10 Years
Min: 78.06 Med: 91.59 Max: 188.3
Current: 188.3

During the past 13 years, Lung Ming Green Energy Technology Engineering Co's highest Days Payable was 188.30. The lowest was 78.06. And the median was 91.59.

TPE:3018's Days Payable is ranked better than
81.41% of 1603 companies
in the Construction industry
Industry Median: 75.22 vs TPE:3018: 188.30

Lung Ming Green Energy Technology Engineering Co's Days Payable increased from Mar. 2023 (149.59) to Mar. 2024 (231.06). It may suggest that Lung Ming Green Energy Technology Engineering Co delayed paying its suppliers.

Lung Ming Green Energy Technology Engineering Co Days Payable Historical Data

The historical data trend for Lung Ming Green Energy Technology Engineering 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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Lung Ming Green Energy Technology Engineering Co Days Payable Chart

Lung Ming Green Energy Technology Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

107.41

90.87

89.51

82.91

173.41

Lung Ming Green Energy Technology Engineering 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															149.59	161.98	212.75	164.40	231.06

Competitive Comparison of Lung Ming Green Energy Technology Engineering Co's Days Payable

For the Engineering & Construction subindustry, Lung Ming Green Energy Technology Engineering 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.

Lung Ming Green Energy Technology Engineering Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lung Ming Green Energy Technology Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Lung Ming Green Energy Technology Engineering Co's Days Payable falls into.

Lung Ming Green Energy Technology Engineering 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.

Lung Ming Green Energy Technology Engineering 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
=	( (286.155	+	260.875)	/	2 )	/	575.705	*	365
=	273.515					/	575.705	*	365
=	173.41

Lung Ming Green Energy Technology Engineering 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
=	( (260.875	+	242.715)	/	2 )	/	99.438	*	365 / 4
=	251.795					/	99.438	*	365 / 4
=	231.06

Lung Ming Green Energy Technology Engineering Co Days Payable Related Terms

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Lung Ming Green Energy Technology Engineering Co (TPE:3018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lung Ming Green Energy Technology Engineering Co Ltd (TPE:3018) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 602, Mingshui Road, 3rd Floor, Zhongshan District, Taipei, TWN

Website

https://www.tkte.com.tw

Lung Ming Green Energy Technology Engineering Co Ltd plans, designs, and constructs clean-room systems and electromechanical systems, as well as the treatment of waste solvent. It provides integration, testing, and maintenance services. Geographically, business activities are carried out through Taiwan.

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