TMT Steel Public Co (BKK:TMT) Days Payable : 5.46 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is TMT Steel Public Co Days Payable?

TMT Steel Public Co's average Accounts Payable for the three months ended in Dec. 2023 was ฿253 Mil. TMT Steel Public Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿4,224 Mil. Hence, TMT Steel Public Co's Days Payable for the three months ended in Dec. 2023 was 5.46.

The historical rank and industry rank for TMT Steel Public Co's Days Payable or its related term are showing as below:

BKK:TMT' s Days Payable Range Over the Past 10 Years
Min: 1.94 Med: 3.05 Max: 8.38
Current: 6.29

During the past 13 years, TMT Steel Public Co's highest Days Payable was 8.38. The lowest was 1.94. And the median was 3.05.

BKK:TMT's Days Payable is ranked worse than
94.73% of 588 companies
in the Steel industry
Industry Median: 39.7 vs BKK:TMT: 6.29

TMT Steel Public Co's Days Payable increased from Dec. 2022 (5.42) to Dec. 2023 (5.46). It may suggest that TMT Steel Public Co delayed paying its suppliers.

TMT Steel Public Co Days Payable Historical Data

The historical data trend for TMT Steel Public Co'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.

TMT Steel Public Co Days Payable Chart

TMT Steel Public Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

2.44

2.49

2.02

1.94

2.02

TMT Steel Public Co 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															5.42	4.72	9.31	9.89	5.46

Competitive Comparison of TMT Steel Public Co's Days Payable

For the Steel subindustry, TMT Steel Public Co'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.

TMT Steel Public Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, TMT Steel Public Co's Days Payable distribution charts can be found below:

* The bar in red indicates where TMT Steel Public Co's Days Payable falls into.

TMT Steel Public Co 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.

TMT Steel Public Co'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
=	( (148.198	+	58.627)	/	2 )	/	18688.265	*	365
=	103.4125					/	18688.265	*	365
=	2.02

TMT Steel Public Co'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
=	( (447.098	+	58.627)	/	2 )	/	4223.797	*	365 / 4
=	252.8625					/	4223.797	*	365 / 4
=	5.46

TMT Steel Public Co Days Payable Related Terms

Thank you for viewing the detailed overview of TMT Steel Public Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

TMT Steel Public Co (BKK:TMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » TMT Steel Public Co Ltd (BKK:TMT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

179 South Sathorn Road, 22nd Floor, Bangkok City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.tmtsteel.co.th

TMT Steel Public Co Ltd operates as a total steel solutions provider. It is engaged in fabricating and selling structural steel plates and sheets. The company offers flat products, including hot-rolled coils, hot-rolled plates and sheets, steel flat bars, and checkered plates; long products, such as hot and cold-formed structural steel sections; and steel tables. In addition, it also provides steel processing and cold-forming services. Geographically all the business activity functions through the region of Thailand.

TMT Steel Public Co (BKK:TMT) Headlines

No Headlines