Modernform Group PCL (BKK:MODERN) Days Payable : 41.89 (As of Dec. 2023)

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What is Modernform Group PCL Days Payable?

Modernform Group PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿200 Mil. Modernform Group PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿436 Mil. Hence, Modernform Group PCL's Days Payable for the three months ended in Dec. 2023 was 41.89.

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

BKK:MODERN' s Days Payable Range Over the Past 10 Years
Min: 32.12 Med: 48.11 Max: 88.78
Current: 47.71

During the past 13 years, Modernform Group PCL's highest Days Payable was 88.78. The lowest was 32.12. And the median was 48.11.

BKK:MODERN's Days Payable is ranked worse than
66.01% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.76 vs BKK:MODERN: 47.71

Modernform Group PCL's Days Payable declined from Dec. 2022 (44.00) to Dec. 2023 (41.89). It may suggest that Modernform Group PCL accelerated paying its suppliers.

Modernform Group PCL Days Payable Historical Data

The historical data trend for Modernform Group 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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Modernform Group PCL Days Payable Chart

Modernform Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

48.99

37.86

47.22

44.77

32.12

Modernform Group 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															44.00	55.20	58.75	51.29	41.89

Competitive Comparison of Modernform Group PCL's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Modernform Group 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.

Modernform Group PCL's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Modernform Group PCL's Days Payable distribution charts can be found below:

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

Modernform Group 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.

Modernform Group 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
=	( (172.903	+	131.063)	/	2 )	/	1727.342	*	365
=	151.983					/	1727.342	*	365
=	32.12

Modernform Group 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
=	( (269.707	+	131.063)	/	2 )	/	436.49	*	365 / 4
=	200.385					/	436.49	*	365 / 4
=	41.89

Modernform Group PCL Days Payable Related Terms

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Modernform Group PCL (BKK:MODERN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Modernform Group PCL (BKK:MODERN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

699 Srinakarindr Road, Modernform Tower, 1st - 4th Floor, Phatthanakan Subdistrict, Suan Luang District, Bangkok, THA, 10250

Website

https://www.modernform.co.th

Modernform Group PCL is a Thailand-based company, involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business of which furniture business accounts for the majority of revenue. Its furniture business consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.

Modernform Group PCL (BKK:MODERN) Headlines

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