Sino-Thai Engineering and Construction PCL (BKK:STEC-F) Days Payable : 127.88 (As of Mar. 2024)

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What is Sino-Thai Engineering and Construction PCL Days Payable?

Sino-Thai Engineering and Construction PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿8,554 Mil. Sino-Thai Engineering and Construction PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿6,104 Mil. Hence, Sino-Thai Engineering and Construction PCL's Days Payable for the three months ended in Mar. 2024 was 127.88.

The historical rank and industry rank for Sino-Thai Engineering and Construction PCL's Days Payable or its related term are showing as below:

BKK:STEC-F' s Days Payable Range Over the Past 10 Years
Min: 60.73 Med: 86.61 Max: 109.75
Current: 108.29

During the past 13 years, Sino-Thai Engineering and Construction PCL's highest Days Payable was 109.75. The lowest was 60.73. And the median was 86.61.

BKK:STEC-F's Days Payable is ranked better than
65.84% of 1607 companies
in the Construction industry
Industry Median: 76.01 vs BKK:STEC-F: 108.29

Sino-Thai Engineering and Construction PCL's Days Payable increased from Mar. 2023 (121.41) to Mar. 2024 (127.88). It may suggest that Sino-Thai Engineering and Construction PCL delayed paying its suppliers.

Sino-Thai Engineering and Construction PCL Days Payable Historical Data

The historical data trend for Sino-Thai Engineering and Construction 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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Sino-Thai Engineering and Construction PCL Days Payable Chart

Sino-Thai Engineering and Construction PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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84.74

88.48

109.75

94.27

108.16

Sino-Thai Engineering and Construction 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															121.41	105.55	102.18	103.27	127.88

Competitive Comparison of Sino-Thai Engineering and Construction PCL's Days Payable

For the Engineering & Construction subindustry, Sino-Thai Engineering and Construction 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.

Sino-Thai Engineering and Construction PCL's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sino-Thai Engineering and Construction PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Sino-Thai Engineering and Construction PCL's Days Payable falls into.

Sino-Thai Engineering and Construction 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.

Sino-Thai Engineering and Construction 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
=	( (8036.28	+	8735.229)	/	2 )	/	28299.214	*	365
=	8385.7545					/	28299.214	*	365
=	108.16

Sino-Thai Engineering and Construction 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
=	( (8735.229	+	8372.581)	/	2 )	/	6103.765	*	365 / 4
=	8553.905					/	6103.765	*	365 / 4
=	127.88

Sino-Thai Engineering and Construction PCL Days Payable Related Terms

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Sino-Thai Engineering and Construction PCL (BKK:STEC-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sino-Thai Engineering and Construction PCL (BKK:STEC-F) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

STEC:Thailand

Address

Sukhumvit 21 Road, Asoke Road, 32/59-32/60, Sino-Thai Tower, Klongtoey-Nua, Wattana, Bangkok, THA, 10110

Website

https://www.stecon.co.th

Sino-Thai Engineering and Construction PCL are principally engaged in the provision of construction services. The operations of the company and its subsidiaries principally involve construction contracting, office building rental, machinery and construction equipment rental, and property development. The company generates the majority of its sales from the Thailand domestic market.

Sino-Thai Engineering and Construction PCL (BKK:STEC-F) Headlines

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