Southern Steel Bhd (XKLS:5665) Days Payable : 28.48 (As of Dec. 2023)

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What is Southern Steel Bhd Days Payable?

Southern Steel Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM171 Mil. Southern Steel Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM546 Mil. Hence, Southern Steel Bhd's Days Payable for the three months ended in Dec. 2023 was 28.48.

The historical rank and industry rank for Southern Steel Bhd's Days Payable or its related term are showing as below:

XKLS:5665' s Days Payable Range Over the Past 10 Years
Min: 16.24 Med: 22.22 Max: 35.12
Current: 26.8

During the past 13 years, Southern Steel Bhd's highest Days Payable was 35.12. The lowest was 16.24. And the median was 22.22.

XKLS:5665's Days Payable is ranked worse than
70.07% of 588 companies
in the Steel industry
Industry Median: 39.865 vs XKLS:5665: 26.80

Southern Steel Bhd's Days Payable declined from Dec. 2022 (32.00) to Dec. 2023 (28.48). It may suggest that Southern Steel Bhd accelerated paying its suppliers.

Southern Steel Bhd Days Payable Historical Data

The historical data trend for Southern Steel Bhd'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.

* Premium members only.

Southern Steel Bhd Days Payable Chart

Southern Steel Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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20.88

27.23

35.12

28.74

17.59

Southern Steel Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															32.00	31.16	24.82	22.67	28.48

Competitive Comparison of Southern Steel Bhd's Days Payable

For the Steel subindustry, Southern Steel Bhd'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.

Southern Steel Bhd's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Southern Steel Bhd's Days Payable falls into.

Southern Steel Bhd 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.

Southern Steel Bhd's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (141.422	+	89.097)	/	2 )	/	2392.225	*	365
=	115.2595					/	2392.225	*	365
=	17.59

Southern Steel Bhd's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (207.577	+	133.457)	/	2 )	/	546.286	*	365 / 4
=	170.517					/	546.286	*	365 / 4
=	28.48

Southern Steel Bhd Days Payable Related Terms

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Southern Steel Bhd (XKLS:5665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Southern Steel Bhd (XKLS:5665) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2435, Lorong Perusahaan 12, Prai Industrial Estate, Prai, PNG, MYS, 13600

Website

https://www.southsteel.com

Southern Steel Bhd is an investment holding company. The company's operating segment includes Steel products and Investment holding and others and Hot rolled coil operations. Its Steel products segment includes manufacturing, sale, and trading in billets, steel bars, wire rods, wire mesh, pre-stressed concrete strands, bars and wires, steel pipes, steel wires, and other related products. Geographically, the group has its business in the regions of Malaysia, Taiwan, Papua New Guinea , Philippines, Bangladesh, Japan, Singapore, Indonesia, the United States of America, Australian and others of which majority of the revenue is derived from the Malaysia region.

Southern Steel Bhd (XKLS:5665) Headlines

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