Forth PCL (BKK:FORTH) Days Payable : 90.45 (As of Dec. 2023)

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What is Forth PCL Days Payable?

Forth PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿1,419 Mil. Forth PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿1,431 Mil. Hence, Forth PCL's Days Payable for the three months ended in Dec. 2023 was 90.45.

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

BKK:FORTH' s Days Payable Range Over the Past 10 Years
Min: 48.67 Med: 76.27 Max: 91.27
Current: 83.16

During the past 13 years, Forth PCL's highest Days Payable was 91.27. The lowest was 48.67. And the median was 76.27.

BKK:FORTH's Days Payable is ranked better than
61.42% of 2421 companies
in the Hardware industry
Industry Median: 67.76 vs BKK:FORTH: 83.16

Forth PCL's Days Payable increased from Dec. 2022 (90.06) to Dec. 2023 (90.45). It may suggest that Forth PCL delayed paying its suppliers.

Forth PCL Days Payable Historical Data

The historical data trend for Forth PCL'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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Forth PCL Days Payable Chart

Forth PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.96

82.03

79.87

91.27

81.58

Forth PCL 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															90.06	87.78	77.67	80.33	90.45

Competitive Comparison of Forth PCL's Days Payable

For the Electronic Components subindustry, Forth PCL'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.

Forth PCL's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Forth PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Forth PCL's Days Payable falls into.

Forth PCL 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.

Forth PCL'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
=	( (1898.498	+	1336.1)	/	2 )	/	7236.051	*	365
=	1617.299					/	7236.051	*	365
=	81.58

Forth PCL'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
=	( (1501.124	+	1336.1)	/	2 )	/	1431.203	*	365 / 4
=	1418.612					/	1431.203	*	365 / 4
=	90.45

Forth PCL Days Payable Related Terms

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Forth PCL (BKK:FORTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Forth Corp PCL (BKK:FORTH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1053/1, Phaholyothin Road, Phayathai Sub-district, Phayathai District, Bangkok, THA, 10400

Website

https://www.forth.co.th

Forth Corp PCL is engaged in the manufacture and distribution of electronic equipment and project work relating to design and install telecommunication equipment. The company is organized into business units based on its products and services and have three reportable segments as follows - Electronics Manufacturing Service segment designs manufactures of consigns and turnkey projects, and sales of semiconductor electronic parts. Enterprise solutions business segment that bids for project work, sources, subcontracts and install various systems for the government and private sectors. The Smart service business segment provides online financial transaction services and sells products and services through vending machines. The company and its subsidiaries are operated in Thailand only.

Forth PCL (BKK:FORTH) Headlines

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