AIRA Factoring PCL (BKK:AF-R) Days Payable : 237.93 (As of Dec. 2023)

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What is AIRA Factoring PCL Days Payable?

AIRA Factoring PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿48.3 Mil. AIRA Factoring PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿18.5 Mil. Hence, AIRA Factoring PCL's Days Payable for the three months ended in Dec. 2023 was 237.93.

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

BKK:AF-R' s Days Payable Range Over the Past 10 Years
Min: 263.96 Med: 339.88 Max: 488.04
Current: 327.42

During the past 13 years, AIRA Factoring PCL's highest Days Payable was 488.04. The lowest was 263.96. And the median was 339.88.

BKK:AF-R's Days Payable is ranked better than
83.99% of 281 companies
in the Credit Services industry
Industry Median: 48.71 vs BKK:AF-R: 327.42

AIRA Factoring PCL's Days Payable declined from Dec. 2022 (491.84) to Dec. 2023 (237.93). It may suggest that AIRA Factoring PCL accelerated paying its suppliers.

AIRA Factoring PCL Days Payable Historical Data

The historical data trend for AIRA Factoring 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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AIRA Factoring PCL Days Payable Chart

AIRA Factoring PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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269.89

356.49

488.04

482.85

317.75

AIRA Factoring 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															491.84	398.03	351.12	357.20	237.93

Competitive Comparison of AIRA Factoring PCL's Days Payable

For the Credit Services subindustry, AIRA Factoring 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.

AIRA Factoring PCL's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, AIRA Factoring PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where AIRA Factoring PCL's Days Payable falls into.

AIRA Factoring 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.

AIRA Factoring 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
=	( (61.506	+	48.972)	/	2 )	/	63.453	*	365
=	55.239					/	63.453	*	365
=	317.75

AIRA Factoring 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
=	( (47.653	+	48.972)	/	2 )	/	18.529	*	365 / 4
=	48.3125					/	18.529	*	365 / 4
=	237.93

AIRA Factoring PCL Days Payable Related Terms

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AIRA Factoring PCL (BKK:AF-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » AIRA Factoring PCL (BKK:AF-R) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AF:Thailand

Address

Phayathai Road, No. 319 Chamchuri Square, 17th Floor, Pathumwan Disrict, Bangkok, THA, 10330

Website

https://www.airafactoring.co.th

AIRA Factoring PCL is a Thailand-based company engaged in the business of receivable factoring. It provides short-term financing services by transferring creditor's right or factoring service. In exchange for these services, the company finances the short-term cash flow. The company's clients vary from small to middle businesses that need short-term cash to fund their working capital. Its diversified portfolio of industries includes electronic equipment and parts, telecommunication, consumer products, and the health and beauty industry.

AIRA Factoring PCL (BKK:AF-R) Headlines

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