Advance Packaging Technology (M) Bhd (XKLS:9148) Days Payable : 73.83 (As of Mar. 2024)

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What is Advance Packaging Technology (M) Bhd Days Payable?

Advance Packaging Technology (M) Bhd's average Accounts Payable for the three months ended in Mar. 2024 was RM3.99 Mil. Advance Packaging Technology (M) Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM4.93 Mil. Hence, Advance Packaging Technology (M) Bhd's Days Payable for the three months ended in Mar. 2024 was 73.83.

The historical rank and industry rank for Advance Packaging Technology (M) Bhd's Days Payable or its related term are showing as below:

XKLS:9148' s Days Payable Range Over the Past 10 Years
Min: 25.33 Med: 46.53 Max: 106.45
Current: 106.45

During the past 13 years, Advance Packaging Technology (M) Bhd's highest Days Payable was 106.45. The lowest was 25.33. And the median was 46.53.

XKLS:9148's Days Payable is ranked better than
81.47% of 367 companies
in the Packaging & Containers industry
Industry Median: 59.64 vs XKLS:9148: 106.45

Advance Packaging Technology (M) Bhd's Days Payable declined from Dec. 2022 (107.04) to Mar. 2024 (73.83). It may suggest that Advance Packaging Technology (M) Bhd accelerated paying its suppliers.

Advance Packaging Technology (M) Bhd Days Payable Historical Data

The historical data trend for Advance Packaging Technology (M) 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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Advance Packaging Technology (M) Bhd Days Payable Chart

Advance Packaging Technology (M) Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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43.75

51.50

60.09

57.25

56.88

Advance Packaging Technology (M) Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															107.04	87.29	96.44	78.09	73.83

Competitive Comparison of Advance Packaging Technology (M) Bhd's Days Payable

For the Packaging & Containers subindustry, Advance Packaging Technology (M) 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.

Advance Packaging Technology (M) Bhd's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Advance Packaging Technology (M) Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Advance Packaging Technology (M) Bhd's Days Payable falls into.

Advance Packaging Technology (M) 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.

Advance Packaging Technology (M) Bhd's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.47	+	3.67)	/	2 )	/	19.701	*	365
=	3.07					/	19.701	*	365
=	56.88

Advance Packaging Technology (M) Bhd'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4.328	+	3.654)	/	2 )	/	4.933	*	365 / 4
=	3.991					/	4.933	*	365 / 4
=	73.83

Advance Packaging Technology (M) Bhd Days Payable Related Terms

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Advance Packaging Technology (M) Bhd (XKLS:9148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Advance Packaging Technology (M) Bhd (XKLS:9148) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 2, Jalan P/2A, Kawasan MIEL, Bangi Industrial Estate, Bandar Baru Bangi, SGR, MYS, 43650

Website

https://www.advancedpack.com.my

Advance Packaging Technology (M) Bhd is principally engaged in the manufacturing and distribution of flexible packaging materials in Malaysia. The company produces flexible packaging materials catering to a wide cross-section of industries in both the local and overseas markets such as snack foods, Instant noodles, sweets and confectionery, liquid condiments, frozen foods, spices, beverages, medical/surgical products, pharmaceuticals, and others. Geographically, it generates the majority revenue from Malaysia and also has an operation in Mauritius, Hong Kong, and Brunei.

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