Tipco Asphalt PCL (BKK:TASCO) Days Payable : 26.61 (As of Dec. 2023)

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What is Tipco Asphalt PCL Days Payable?

Tipco Asphalt PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿1,819 Mil. Tipco Asphalt PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿6,238 Mil. Hence, Tipco Asphalt PCL's Days Payable for the three months ended in Dec. 2023 was 26.61.

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

BKK:TASCO' s Days Payable Range Over the Past 10 Years
Min: 8.75 Med: 37.32 Max: 64.28
Current: 30.21

During the past 13 years, Tipco Asphalt PCL's highest Days Payable was 64.28. The lowest was 8.75. And the median was 37.32.

BKK:TASCO's Days Payable is ranked worse than
85.14% of 370 companies
in the Building Materials industry
Industry Median: 67.835 vs BKK:TASCO: 30.21

Tipco Asphalt PCL's Days Payable declined from Dec. 2022 (27.53) to Dec. 2023 (26.61). It may suggest that Tipco Asphalt PCL accelerated paying its suppliers.

Tipco Asphalt PCL Days Payable Historical Data

The historical data trend for Tipco Asphalt 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.

* Premium members only.

Tipco Asphalt PCL Days Payable Chart

Tipco Asphalt PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

47.32

64.28

35.75

31.40

30.41

Tipco Asphalt 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															27.53	32.16	32.55	28.67	26.61

Competitive Comparison of Tipco Asphalt PCL's Days Payable

For the Building Materials subindustry, Tipco Asphalt 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.

Tipco Asphalt PCL's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Days Payable distribution charts can be found below:

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

Tipco Asphalt 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.

Tipco Asphalt 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
=	( (2644.381	+	1865.667)	/	2 )	/	27067.462	*	365
=	2255.024					/	27067.462	*	365
=	30.41

Tipco Asphalt 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
=	( (1772.246	+	1865.667)	/	2 )	/	6238.15	*	365 / 4
=	1818.9565					/	6238.15	*	365 / 4
=	26.61

Tipco Asphalt PCL Days Payable Related Terms

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Tipco Asphalt PCL (BKK:TASCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tipco Asphalt PCL (BKK:TASCO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TASCO-F:Thailand

Address

118/1 Rama 6 Road, Phayathai Sub district, Phayathai District, Bangkok, THA, 10400

Website

https://www.tipcoasphalt.com

Tipco Asphalt PCL operates in two segment based on types of products and services. The Group conducts manufacturing and trading of asphalt, petroleum oil products and asphalt concrete in both domestic and overseas markets. Whereas, the marine logistic business complements the manufacturing and trading of asphalt and petroleum oil products. The Group conducts construction service related to highway construction and road rehabilitation in Thailand. The company operates in Thailand and Overseas, majority of its revenue being from Overseas. The company generates majority revenue from Manufacturing and trading segment.

Tipco Asphalt PCL (BKK:TASCO) Headlines

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