PM Thoresen Asia Holdings PCL (BKK:PMTA) Days Payable : 25.16 (As of Dec. 2023)

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What is PM Thoresen Asia Holdings PCL Days Payable?

PM Thoresen Asia Holdings PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿282 Mil. PM Thoresen Asia Holdings PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿1,023 Mil. Hence, PM Thoresen Asia Holdings PCL's Days Payable for the three months ended in Dec. 2023 was 25.16.

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

BKK:PMTA' s Days Payable Range Over the Past 10 Years
Min: 13.1 Med: 23.79 Max: 32.4
Current: 21.9

During the past 10 years, PM Thoresen Asia Holdings PCL's highest Days Payable was 32.40. The lowest was 13.10. And the median was 23.79.

BKK:PMTA's Days Payable is ranked worse than
88.51% of 235 companies
in the Agriculture industry
Industry Median: 79.04 vs BKK:PMTA: 21.90

PM Thoresen Asia Holdings PCL's Days Payable increased from Dec. 2022 (22.09) to Dec. 2023 (25.16). It may suggest that PM Thoresen Asia Holdings PCL delayed paying its suppliers.

PM Thoresen Asia Holdings PCL Days Payable Historical Data

The historical data trend for PM Thoresen Asia Holdings 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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PM Thoresen Asia Holdings PCL Days Payable Chart

PM Thoresen Asia Holdings PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.79

26.27

22.57

21.84

21.36

PM Thoresen Asia Holdings 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															22.09	31.06	13.35	22.90	25.16

Competitive Comparison of PM Thoresen Asia Holdings PCL's Days Payable

For the Agricultural Inputs subindustry, PM Thoresen Asia Holdings 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.

PM Thoresen Asia Holdings PCL's Days Payable Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, PM Thoresen Asia Holdings PCL's Days Payable distribution charts can be found below:

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

PM Thoresen Asia Holdings 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.

PM Thoresen Asia Holdings 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
=	( (189.147	+	206.155)	/	2 )	/	3377.805	*	365
=	197.651					/	3377.805	*	365
=	21.36

PM Thoresen Asia Holdings 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
=	( (357.921	+	206.155)	/	2 )	/	1022.869	*	365 / 4
=	282.038					/	1022.869	*	365 / 4
=	25.16

PM Thoresen Asia Holdings PCL Days Payable Related Terms

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PM Thoresen Asia Holdings PCL (BKK:PMTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » PM Thoresen Asia Holdings PCL (BKK:PMTA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Soi Chidlom, Ploenchit Road, 26/26-27 Orakarn Building, 8th Floor, Lumpinee, Pathumwan, Bangkok, THA, 10330

Website

https://www.pmthoresenasia.com

PM Thoresen Asia Holdings PCL is a Thailand-based investment holding company. The primary activities of the company and its subsidiaries include the manufacture of nitrogen-phosphorus-potassium (NPK) synthesized chemical and micro-element fertilizers, distribution of new seeds and agricultural materials, as well as manufacture, import, and export of plant protection chemicals and macronutrient products. It has two products segments: Manufacture of Fertilizer and crop care products and Factory area management services. The company earns majority of its revenue through the manufacture of fertilizer and crop care products. It has a business presence in Vietnam and other countries.

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