Thai Rayon PCL (BKK:TR) Days Payable : 97.09 (As of Dec. 2023)

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What is Thai Rayon PCL Days Payable?

Thai Rayon PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿2,467 Mil. Thai Rayon PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿2,319 Mil. Hence, Thai Rayon PCL's Days Payable for the three months ended in Dec. 2023 was 97.09.

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

BKK:TR' s Days Payable Range Over the Past 10 Years
Min: 21.66 Med: 46.5 Max: 95.64
Current: 91.33

During the past 13 years, Thai Rayon PCL's highest Days Payable was 95.64. The lowest was 21.66. And the median was 46.50.

BKK:TR's Days Payable is ranked better than
73.68% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.335 vs BKK:TR: 91.33

Thai Rayon PCL's Days Payable declined from Dec. 2022 (135.19) to Dec. 2023 (97.09). It may suggest that Thai Rayon PCL accelerated paying its suppliers.

Thai Rayon PCL Days Payable Historical Data

The historical data trend for Thai Rayon 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 Rayon PCL Days Payable Chart

Thai Rayon PCL Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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51.25

65.55

71.95

72.64

95.64

Thai Rayon 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															135.19	82.33	79.21	100.15	97.09

Competitive Comparison of Thai Rayon PCL's Days Payable

For the Textile Manufacturing subindustry, Thai Rayon 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 Rayon PCL's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Rayon PCL's Days Payable distribution charts can be found below:

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

Thai Rayon 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 Rayon PCL's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (2411.532	+	1831.971)	/	2 )	/	8097.777	*	365
=	2121.7515					/	8097.777	*	365
=	95.64

Thai Rayon 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
=	( (2813.024	+	2121.949)	/	2 )	/	2318.971	*	365 / 4
=	2467.4865					/	2318.971	*	365 / 4
=	97.09

Thai Rayon PCL Days Payable Related Terms

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Thai Rayon PCL (BKK:TR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thai Rayon PCL (BKK:TR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ploenchit Road, 16th Floor, 888/160-1 Mahatun Plaza Building, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.thairayon.com

Thai Rayon PCL is a Thailand-based company principally engaged in the manufacture of viscose rayon staple fibre and anhydrous sodium sulphate for sales to both domestic and export markets. The company also produces Anhydrous Sodium Sulphate as its by-product, which is widely used in the Thai market by detergent, pulp, glass, leather, and textile industries. Thai Rayon has investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as several diversification projects in Thailand and overseas.