Thai Optical Group PCL (BKK:TOG) Days Payable : 37.70 (As of Mar. 2024)

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What is Thai Optical Group PCL Days Payable?

Thai Optical Group PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿279 Mil. Thai Optical Group PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿676 Mil. Hence, Thai Optical Group PCL's Days Payable for the three months ended in Mar. 2024 was 37.70.

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

BKK:TOG' s Days Payable Range Over the Past 10 Years
Min: 27.22 Med: 40.86 Max: 61.64
Current: 40

During the past 13 years, Thai Optical Group PCL's highest Days Payable was 61.64. The lowest was 27.22. And the median was 40.86.

BKK:TOG's Days Payable is ranked worse than
76.12% of 783 companies
in the Medical Devices & Instruments industry
Industry Median: 72.46 vs BKK:TOG: 40.00

Thai Optical Group PCL's Days Payable declined from Mar. 2023 (52.10) to Mar. 2024 (37.70). It may suggest that Thai Optical Group PCL accelerated paying its suppliers.

Thai Optical Group PCL Days Payable Historical Data

The historical data trend for Thai Optical Group 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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Thai Optical Group PCL Days Payable Chart

Thai Optical Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

27.22

35.34

33.45

36.90

44.82

Thai Optical Group 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															52.10	49.30	36.05	36.17	37.70

Competitive Comparison of Thai Optical Group PCL's Days Payable

For the Medical Instruments & Supplies subindustry, Thai Optical Group 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.

Thai Optical Group PCL's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Thai Optical Group PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Thai Optical Group PCL's Days Payable falls into.

Thai Optical Group 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.

Thai Optical Group 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
=	( (278.601	+	277.665)	/	2 )	/	2265.156	*	365
=	278.133					/	2265.156	*	365
=	44.82

Thai Optical Group 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
=	( (277.665	+	280.894)	/	2 )	/	675.932	*	365 / 4
=	279.2795					/	675.932	*	365 / 4
=	37.70

Thai Optical Group PCL Days Payable Related Terms

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Thai Optical Group PCL (BKK:TOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Thai Optical Group PCL (BKK:TOG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Bangbuathong-Suphanburi Road, 15/5 Moo, Laharn, Bangbuathong, Nonthaburi, THA, 11110

Website

https://www.thaiopticalgroup.com

Thai Optical Group PCL is engaged in the manufacturing and distribution of plastic lenses and related products. The company's products include Organic lenses, Mineral lenses, and Prescription Lenses. It has two reporting segments: Plastic and glass lens, which produces and sells of optical lenses; Other products and services that is the sale of the glass mold, trading goods purchased for resale, glasses assembly services, and surface treatments. The majority of the revenue is generated from the plastic and glass lens segment.

Thai Optical Group PCL (BKK:TOG) Headlines

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