Asia Metal PCL (BKK:AMC) Days Payable : 17.99 (As of Dec. 2023)

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What is Asia Metal PCL Days Payable?

Asia Metal PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿384 Mil. Asia Metal PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿1,946 Mil. Hence, Asia Metal PCL's Days Payable for the three months ended in Dec. 2023 was 17.99.

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

BKK:AMC' s Days Payable Range Over the Past 10 Years
Min: 7.16 Med: 25.48 Max: 51.37
Current: 24.42

During the past 13 years, Asia Metal PCL's highest Days Payable was 51.37. The lowest was 7.16. And the median was 25.48.

BKK:AMC's Days Payable is ranked worse than
72.79% of 588 companies
in the Steel industry
Industry Median: 39.865 vs BKK:AMC: 24.42

Asia Metal PCL's Days Payable declined from Dec. 2022 (35.63) to Dec. 2023 (17.99). It may suggest that Asia Metal PCL accelerated paying its suppliers.

Asia Metal PCL Days Payable Historical Data

The historical data trend for Asia Metal 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.

Asia Metal PCL Days Payable Chart

Asia Metal PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

7.16

8.16

9.88

33.13

33.90

Asia Metal 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															35.63	38.02	24.03	10.19	17.99

Competitive Comparison of Asia Metal PCL's Days Payable

For the Steel subindustry, Asia Metal 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.

Asia Metal PCL's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Asia Metal PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Asia Metal PCL's Days Payable falls into.

Asia Metal 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.

Asia Metal 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
=	( (757.782	+	583.497)	/	2 )	/	7219.915	*	365
=	670.6395					/	7219.915	*	365
=	33.90

Asia Metal 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
=	( (183.543	+	583.497)	/	2 )	/	1945.812	*	365 / 4
=	383.52					/	1945.812	*	365 / 4
=	17.99

Asia Metal PCL Days Payable Related Terms

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Asia Metal PCL (BKK:AMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Asia Metal PCL (BKK:AMC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

55, 55/1 Moo 2 Soi Watnamdaeng Srinakarin Road, Tambol Bangkaew, Amphur Bangplee, Samutprakarn, THA, 10540

Website

https://www.asiametal.co.th

Asia Metal PCL is engaged in producing and selling of processed steel products. Its subsidiaries operate to produce and provide steel cutting and modifying service and the another operates to produce and sell of processed steel products. Its products include coil rolls, pipes, bars, and tubes. It derives revenue from producing and selling of processed steel products and providing steel cutting and modifying service in Thailand.