Stamford Tyres (SGX:S29) Days Payable : 31.27 (As of Oct. 2024)

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What is Stamford Tyres Days Payable?

Stamford Tyres's average Accounts Payable for the six months ended in Oct. 2024 was S$12.1 Mil. Stamford Tyres's Cost of Goods Sold for the six months ended in Oct. 2024 was S$70.6 Mil. Hence, Stamford Tyres's Days Payable for the six months ended in Oct. 2024 was 31.27.

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

SGX:S29' s Days Payable Range Over the Past 10 Years
Min: 31.4 Med: 37.93 Max: 47.44
Current: 31.4

During the past 13 years, Stamford Tyres's highest Days Payable was 47.44. The lowest was 31.40. And the median was 37.93.

SGX:S29's Days Payable is ranked worse than
83.58% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 65.28 vs SGX:S29: 31.40

Stamford Tyres's Days Payable increased from Oct. 2023 (29.18) to Oct. 2024 (31.27). It may suggest that Stamford Tyres delayed paying its suppliers.

Stamford Tyres Days Payable Historical Data

The historical data trend for Stamford Tyres'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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Stamford Tyres Days Payable Chart

Stamford Tyres Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Days Payable

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38.64

39.38

37.22

31.86

32.13

Stamford Tyres Semi-Annual Data
	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Days Payable	Get a 7-Day Free Trial															28.95	30.92	29.18	32.00	31.27

Competitive Comparison of Stamford Tyres's Days Payable

For the Auto Parts subindustry, Stamford Tyres'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.

Stamford Tyres's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Stamford Tyres's Days Payable distribution charts can be found below:

* The bar in red indicates where Stamford Tyres's Days Payable falls into.

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Stamford Tyres 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.

Stamford Tyres's Days Payable for the fiscal year that ended in Apr. 2024 is calculated as

	Days Payable (A: Apr. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2023 )	+	Accounts Payable (A: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2024 )	*	Days in Period
=	( (11.971	+	11.99)	/	2 )	/	136.119	*	365
=	11.9805					/	136.119	*	365
=	32.13

Stamford Tyres's Days Payable for the quarter that ended in Oct. 2024 is calculated as:

	Days Payable (Q: Oct. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Apr. 2024 )	+	Accounts Payable (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (11.99	+	12.212)	/	2 )	/	70.627	*	365 / 2
=	12.101					/	70.627	*	365 / 2
=	31.27

Stamford Tyres Days Payable Related Terms

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Stamford Tyres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Stamford Tyres Corp Ltd (SGX:S29) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Lok Yang Way, Jurong, Singapore, SGP, 628635

Website

http://www.stamfordtyres.com

Stamford Tyres Corp Ltd is an investment holding company. The company is engaged in retailing and distribution of tyres and wheels, design and contract manufacturing of tyres for proprietary brands as well as tyre retreading, equipment trading, servicing of motor vehicles, and manufacturing and sale of aluminium alloy wheels. The company's geographical segment includes South East Asia, North Asia, Africa, and Others. It generates maximum revenue from South East Asia.

Stamford Tyres Headlines

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