Triple i Logistics PCL (BKK:III) Days Payable : 25.94 (As of Dec. 2023)

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What is Triple i Logistics PCL Days Payable?

Triple i Logistics PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿112 Mil. Triple i Logistics PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿394 Mil. Hence, Triple i Logistics PCL's Days Payable for the three months ended in Dec. 2023 was 25.94.

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

BKK:III' s Days Payable Range Over the Past 10 Years
Min: 30.49 Med: 45.41 Max: 148.22
Current: 30.49

During the past 10 years, Triple i Logistics PCL's highest Days Payable was 148.22. The lowest was 30.49. And the median was 45.41.

BKK:III's Days Payable is ranked worse than
62.15% of 930 companies
in the Transportation industry
Industry Median: 39.39 vs BKK:III: 30.49

Triple i Logistics PCL's Days Payable declined from Dec. 2022 (28.46) to Dec. 2023 (25.94). It may suggest that Triple i Logistics PCL accelerated paying its suppliers.

Triple i Logistics PCL Days Payable Historical Data

The historical data trend for Triple i Logistics 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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Triple i Logistics PCL Days Payable Chart

Triple i Logistics PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.19

53.43

37.13

34.15

32.13

Triple i Logistics 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															28.46	29.64	31.97	33.87	25.94

Competitive Comparison of Triple i Logistics PCL's Days Payable

For the Integrated Freight & Logistics subindustry, Triple i Logistics 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.

Triple i Logistics PCL's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Triple i Logistics PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Triple i Logistics PCL's Days Payable falls into.

Triple i Logistics 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.

Triple i Logistics 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
=	( (108.436	+	135.054)	/	2 )	/	1383.195	*	365
=	121.745					/	1383.195	*	365
=	32.13

Triple i Logistics 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
=	( (88.932	+	135.054)	/	2 )	/	393.898	*	365 / 4
=	111.993					/	393.898	*	365 / 4
=	25.94

Triple i Logistics PCL Days Payable Related Terms

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Triple i Logistics PCL (BKK:III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Triple i Logistics PCL (BKK:III) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Klab Chom, Nonsee Road, 628, 3rd Floor, Triple i Building, Chongnonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.iii-logistics.com

Triple i Logistics PCL is a logistics service provider in Thailand. The company's reportable segments include Airfreight, Sea and inland freight, Logistics management, Chemical and hazardous goods logistics and Other management services. The majority of its revenue is from the Chemical and hazardous goods logistics segment, it operates as a services provider for sea, air, rails, and in-land, both local and overseas including warehouse management and distribution for chemical and hazardous goods.