Charoong Thai Wire & Cable PCL (BKK:CTW) Days Payable : 23.77 (As of Mar. 2024)

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What is Charoong Thai Wire & Cable PCL Days Payable?

Charoong Thai Wire & Cable PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿377 Mil. Charoong Thai Wire & Cable PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿1,447 Mil. Hence, Charoong Thai Wire & Cable PCL's Days Payable for the three months ended in Mar. 2024 was 23.77.

The historical rank and industry rank for Charoong Thai Wire & Cable PCL's Days Payable or its related term are showing as below:

BKK:CTW' s Days Payable Range Over the Past 10 Years
Min: 14.13 Med: 19.46 Max: 26.96
Current: 26.47

During the past 13 years, Charoong Thai Wire & Cable PCL's highest Days Payable was 26.96. The lowest was 14.13. And the median was 19.46.

BKK:CTW's Days Payable is ranked worse than
91.49% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs BKK:CTW: 26.47

Charoong Thai Wire & Cable PCL's Days Payable declined from Mar. 2023 (24.98) to Mar. 2024 (23.77). It may suggest that Charoong Thai Wire & Cable PCL accelerated paying its suppliers.

Charoong Thai Wire & Cable PCL Days Payable Historical Data

The historical data trend for Charoong Thai Wire & Cable 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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Charoong Thai Wire & Cable PCL Days Payable Chart

Charoong Thai Wire & Cable PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

18.82

21.84

14.13

16.77

22.42

Charoong Thai Wire & Cable PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															24.98	30.75	34.93	21.73	23.77

Competitive Comparison of Charoong Thai Wire & Cable PCL's Days Payable

For the Electrical Equipment & Parts subindustry, Charoong Thai Wire & Cable 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.

Charoong Thai Wire & Cable PCL's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Charoong Thai Wire & Cable PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Charoong Thai Wire & Cable PCL's Days Payable falls into.

Charoong Thai Wire & Cable 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.

Charoong Thai Wire & Cable 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
=	( (288.065	+	397.648)	/	2 )	/	5581.849	*	365
=	342.8565					/	5581.849	*	365
=	22.42

Charoong Thai Wire & Cable PCL's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (397.648	+	356.147)	/	2 )	/	1446.871	*	365 / 4
=	376.8975					/	1446.871	*	365 / 4
=	23.77

Charoong Thai Wire & Cable PCL Days Payable Related Terms

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Charoong Thai Wire & Cable PCL (BKK:CTW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Charoong Thai Wire & Cable PCL (BKK:CTW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Debaratana Road, 589/71 Central City Tower, 12A Floor, North Bangna, Bangna, Bangkok, THA, 10260

Website

https://www.ctw.co.th

Charoong Thai Wire & Cable PCL is engaged in the manufacturing and distribution of electric wire and cables and telephone cables. The reportable segments of the company are the power cable segment which consists of aluminum conductor power cable, copper conductor power cable and high voltage power cable, communication cable segment, enameled and non-enameled wire segment which consist of enameled copper wire, enameled aluminum wire and non-enameled copper wire, and fiber optic cable segment. The company derives a majority of its revenue from the enameled and non-enameled wire segments.

Charoong Thai Wire & Cable PCL (BKK:CTW) Headlines

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