Resintech Bhd (XKLS:7232) Days Payable : 34.74 (As of Dec. 2023)

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What is Resintech Bhd Days Payable?

Resintech Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM8.23 Mil. Resintech Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM21.63 Mil. Hence, Resintech Bhd's Days Payable for the three months ended in Dec. 2023 was 34.74.

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

XKLS:7232' s Days Payable Range Over the Past 10 Years
Min: 16.79 Med: 28.79 Max: 49.45
Current: 49.45

During the past 13 years, Resintech Bhd's highest Days Payable was 49.45. The lowest was 16.79. And the median was 28.79.

XKLS:7232's Days Payable is ranked worse than
71.3% of 1603 companies
in the Construction industry
Industry Median: 75.22 vs XKLS:7232: 49.45

Resintech Bhd's Days Payable declined from Sep. 2022 (39.74) to Dec. 2023 (34.74). It may suggest that Resintech Bhd accelerated paying its suppliers.

Resintech Bhd Days Payable Historical Data

The historical data trend for Resintech 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.

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Resintech Bhd Days Payable Chart

Resintech Bhd Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Payable

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36.52

22.78

16.79

30.04

42.78

Resintech Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															39.74	43.94	40.85	41.62	34.74

Competitive Comparison of Resintech Bhd's Days Payable

For the Building Products & Equipment subindustry, Resintech 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.

Resintech Bhd's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Resintech Bhd's Days Payable distribution charts can be found below:

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

Resintech 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.

Resintech Bhd's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (7.232	+	7.7)	/	2 )	/	63.702	*	365
=	7.466					/	63.702	*	365
=	42.78

Resintech 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
=	( (12.226	+	4.243)	/	2 )	/	21.632	*	365 / 4
=	8.2345					/	21.632	*	365 / 4
=	34.74

Resintech Bhd Days Payable Related Terms

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Resintech Bhd (XKLS:7232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Resintech Bhd (XKLS:7232) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 3 and 5, Jalan Waja 14, Kawasan Perindustrian, Telok Panglima Garang, Telok Panglima Garang, SGR, MYS, 42500

Website

https://www.resintechmalaysia.my

Resintech Bhd engages in the provision of management services. It is involved in innovating, designing, manufacturing, and marketing a diversified range of uPVC and Polyethylene products. The company operates through the following segments: Manufacturing and Trading; Services; Investment Holding; Services and Others. The Manufacturing and Trading segment of the company is involved in the manufacturing and trading of a diversified range of plastics pipes, water tanks, and fittings; the services segment is the property holding, and the Investment Holding segment refers to investments. The firm's majority revenue gets generated through the Manufacturing and Trading segment. Malaysia contributes to the majority of total revenue.

Resintech Bhd (XKLS:7232) Headlines

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