Nam Cheong (SGX:1MZ) Days Payable : 224.15 (As of Mar. 2024)

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What is Nam Cheong Days Payable?

Nam Cheong's average Accounts Payable for the three months ended in Mar. 2024 was S$43.2 Mil. Nam Cheong's Cost of Goods Sold for the three months ended in Mar. 2024 was S$17.6 Mil. Hence, Nam Cheong's Days Payable for the three months ended in Mar. 2024 was 224.15.

The historical rank and industry rank for Nam Cheong's Days Payable or its related term are showing as below:

SGX:1MZ' s Days Payable Range Over the Past 10 Years
Min: 113.47 Med: 383.31 Max: 1857.76
Current: 274.7

During the past 13 years, Nam Cheong's highest Days Payable was 1857.76. The lowest was 113.47. And the median was 383.31.

SGX:1MZ's Days Payable is ranked better than
87.88% of 297 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs SGX:1MZ: 274.70

Nam Cheong's Days Payable declined from Mar. 2023 (527.45) to Mar. 2024 (224.15). It may suggest that Nam Cheong accelerated paying its suppliers.

Nam Cheong Days Payable Historical Data

The historical data trend for Nam Cheong'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.

Nam Cheong Days Payable Chart

Nam Cheong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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527.20

383.85

382.76

253.50

194.59

Nam Cheong 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															527.45	327.69	289.93	271.54	224.15

Competitive Comparison of Nam Cheong's Days Payable

For the Aerospace & Defense subindustry, Nam Cheong'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.

Nam Cheong's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Nam Cheong's Days Payable distribution charts can be found below:

* The bar in red indicates where Nam Cheong's Days Payable falls into.

Nam Cheong 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.

Nam Cheong'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
=	( (52.047	+	41.464)	/	2 )	/	87.703	*	365
=	46.7555					/	87.703	*	365
=	194.59

Nam Cheong'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
=	( (41.464	+	44.884)	/	2 )	/	17.576	*	365 / 4
=	43.174					/	17.576	*	365 / 4
=	224.15

Nam Cheong Days Payable Related Terms

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Nam Cheong (SGX:1MZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Nam Cheong Ltd (SGX:1MZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

80, Robinson Road, No. 02-00, Singapore, SGP, 068898

Website

http://www.namcheong.com.my

Nam Cheong Ltd along is an offshore marine group specializing in the building of offshore support vessels. The company's operating segment includes Shipbuilding; Vessel chartering and others. It generates maximum revenue from the Vessel chartering segment. Geographically, it derives a majority of its revenue from Malaysia. Its fleet comprises Anchor Handling Tug Supply (AHTS) vessels, Platform Supply Vessels (PSV), Maintenance Work Vessels (MWV), Safety Supply Vessels (SSV), and landing crafts.

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