Universal Cement (TPE:1104) Days Payable : 37.57 (As of Dec. 2023)

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What is Universal Cement Days Payable?

Universal Cement's average Accounts Payable for the three months ended in Dec. 2023 was NT$709 Mil. Universal Cement's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$1,722 Mil. Hence, Universal Cement's Days Payable for the three months ended in Dec. 2023 was 37.57.

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

TPE:1104' s Days Payable Range Over the Past 10 Years
Min: 34.88 Med: 42.69 Max: 44.67
Current: 41.15

During the past 13 years, Universal Cement's highest Days Payable was 44.67. The lowest was 34.88. And the median was 42.69.

TPE:1104's Days Payable is ranked worse than
73.24% of 370 companies
in the Building Materials industry
Industry Median: 67.875 vs TPE:1104: 41.15

Universal Cement's Days Payable declined from Dec. 2022 (40.42) to Dec. 2023 (37.57). It may suggest that Universal Cement accelerated paying its suppliers.

Universal Cement Days Payable Historical Data

The historical data trend for Universal Cement'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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Universal Cement Days Payable Chart

Universal Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.39

43.19

44.67

44.10

42.19

Universal Cement 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															40.42	43.59	41.81	41.09	37.57

Competitive Comparison of Universal Cement's Days Payable

For the Building Materials subindustry, Universal Cement'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.

Universal Cement's Days Payable Distribution in the Building Materials Industry

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

* The bar in red indicates where Universal Cement's Days Payable falls into.

Universal Cement 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.

Universal Cement'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
=	( (704.25	+	743.093)	/	2 )	/	6260.222	*	365
=	723.6715					/	6260.222	*	365
=	42.19

Universal Cement'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
=	( (674.637	+	743.093)	/	2 )	/	1721.673	*	365 / 4
=	708.865					/	1721.673	*	365 / 4
=	37.57

Universal Cement Days Payable Related Terms

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Universal Cement (TPE:1104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Universal Cement Corp (TPE:1104) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 125, Nanking East Road, 10th Floor, Section 2, Taipei, TWN, 104

Website

http://www.ucctw.com

Universal Cement Corporation is a Taiwan-based company primarily engaged in the manufacture and sale of cements and related construction materials. The company provides cement, ready-mixed concretes, gypsum boards, and other fire-resistant construction materials. Among these products, cement, concretes, and gypsum boards jointly account for the majority of the company's revenue. Its cement products are primarily Portland I cements and primarily sold in the southern Taiwan market, including Pescadores Islands. Its concrete products are sold in Tainan, Kaohsiung, and Pingtung. Its gypsum boards are primarily sold in the Taiwan domestic market.

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