TCM Group AS (CHIX:TCMC) Days Payable : 55.98 (As of Jun. 2024)

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What is TCM Group AS Days Payable?

TCM Group AS's average Accounts Payable for the three months ended in Jun. 2024 was kr160 Mil. TCM Group AS's Cost of Goods Sold for the three months ended in Jun. 2024 was kr261 Mil. Hence, TCM Group AS's Days Payable for the three months ended in Jun. 2024 was 55.98.

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

CHIX:TCMc' s Days Payable Range Over the Past 10 Years
Min: 55.54 Med: 62.43 Max: 87.52
Current: 55.54

During the past 10 years, TCM Group AS's highest Days Payable was 87.52. The lowest was 55.54. And the median was 62.43.

CHIX:TCMc's Days Payable is ranked worse than
57.66% of 411 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 68 vs CHIX:TCMc: 55.54

TCM Group AS's Days Payable declined from Jun. 2023 (60.36) to Jun. 2024 (55.98). It may suggest that TCM Group AS accelerated paying its suppliers.

TCM Group AS Days Payable Historical Data

The historical data trend for TCM Group AS'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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TCM Group AS Days Payable Chart

TCM Group AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.68

61.65

60.78

61.97

60.61

TCM Group AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															60.36	56.20	51.26	58.17	55.98

Competitive Comparison of TCM Group AS's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, TCM Group AS'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.

TCM Group AS's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TCM Group AS's Days Payable distribution charts can be found below:

* The bar in red indicates where TCM Group AS's Days Payable falls into.

TCM Group AS 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.

TCM Group AS'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
=	( (151.892	+	144.71)	/	2 )	/	893.015	*	365
=	148.301					/	893.015	*	365
=	60.61

TCM Group AS's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (151.1	+	169)	/	2 )	/	260.9	*	365 / 4
=	160.05					/	260.9	*	365 / 4
=	55.98

TCM Group AS Days Payable Related Terms

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TCM Group AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » TCM Group AS (CHIX:TCMc) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TCM:Denmark

Address

Skautrupvej 16, Tvis, Holstebro, DNK, 7500

Website

https://www.tcmgroup.dk

TCM Group A/S manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark.

TCM Group AS Headlines

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