Tk Hold (XBUL:TCH) Days Payable : 76.51 (As of Sep. 2023)

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What is Tk Hold Days Payable?

Tk Hold's average Accounts Payable for the three months ended in Sep. 2023 was лв1.87 Mil. Tk Hold's Cost of Goods Sold for the three months ended in Sep. 2023 was лв2.23 Mil. Hence, Tk Hold's Days Payable for the three months ended in Sep. 2023 was 76.51.

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

XBUL:TCH' s Days Payable Range Over the Past 10 Years
Min: 47.36 Med: 62.91 Max: 81.18
Current: 54.42

During the past 13 years, Tk Hold's highest Days Payable was 81.18. The lowest was 47.36. And the median was 62.91.

XBUL:TCH's Days Payable is ranked worse than
57.94% of 466 companies
in the Asset Management industry
Industry Median: 69.945 vs XBUL:TCH: 54.42

Tk Hold's Days Payable increased from Sep. 2022 (71.19) to Sep. 2023 (76.51). It may suggest that Tk Hold delayed paying its suppliers.

Tk Hold Days Payable Historical Data

The historical data trend for Tk Hold'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.

Tk Hold Days Payable Chart

Tk Hold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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69.41

78.70

81.18

76.51

60.53

Tk Hold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															71.19	42.59	51.39	56.20	76.51

Competitive Comparison of Tk Hold's Days Payable

For the Asset Management subindustry, Tk Hold'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.

Tk Hold's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tk Hold's Days Payable distribution charts can be found below:

* The bar in red indicates where Tk Hold's Days Payable falls into.

Tk Hold 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.

Tk Hold's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.16	+	1.462)	/	2 )	/	10.92	*	365
=	1.811					/	10.92	*	365
=	60.53

Tk Hold's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2.105	+	1.636)	/	2 )	/	2.231	*	365 / 4
=	1.8705					/	2.231	*	365 / 4
=	76.51

Tk Hold Days Payable Related Terms

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Tk Hold (XBUL:TCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tk Hold (XBUL:TCH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tsar Boris ??? -140, Sofia, BGR, 1618

Website

http://www.tkhold.com

Tk Hold is a holding company engaged in purchase and exchange of shares and bonds, and development of acquired businesses. It focuses on restructuring, management, and establishment of its subsidiaries.

Tk Hold (XBUL:TCH) Headlines

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