Ten Ren Tea Co (TPE:1233) Days Payable : 19.46 (As of Mar. 2024)

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What is Ten Ren Tea Co Days Payable?

Ten Ren Tea Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$50 Mil. Ten Ren Tea Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$236 Mil. Hence, Ten Ren Tea Co's Days Payable for the three months ended in Mar. 2024 was 19.46.

The historical rank and industry rank for Ten Ren Tea Co's Days Payable or its related term are showing as below:

TPE:1233' s Days Payable Range Over the Past 10 Years
Min: 10.88 Med: 14.96 Max: 21.16
Current: 16.93

During the past 13 years, Ten Ren Tea Co's highest Days Payable was 21.16. The lowest was 10.88. And the median was 14.96.

TPE:1233's Days Payable is ranked worse than
89.77% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs TPE:1233: 16.93

Ten Ren Tea Co's Days Payable increased from Mar. 2023 (17.94) to Mar. 2024 (19.46). It may suggest that Ten Ren Tea Co delayed paying its suppliers.

Ten Ren Tea Co Days Payable Historical Data

The historical data trend for Ten Ren Tea Co'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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Ten Ren Tea Co Days Payable Chart

Ten Ren Tea Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.58

14.15

14.34

17.87

21.16

Ten Ren Tea Co 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															17.94	14.76	14.12	19.41	19.46

Competitive Comparison of Ten Ren Tea Co's Days Payable

For the Packaged Foods subindustry, Ten Ren Tea Co'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.

Ten Ren Tea Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ten Ren Tea Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ten Ren Tea Co's Days Payable falls into.

Ten Ren Tea Co 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.

Ten Ren Tea Co'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
=	( (45.412	+	57.548)	/	2 )	/	888.046	*	365
=	51.48					/	888.046	*	365
=	21.16

Ten Ren Tea Co'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
=	( (57.548	+	43.117)	/	2 )	/	236.057	*	365 / 4
=	50.3325					/	236.057	*	365 / 4
=	19.46

Ten Ren Tea Co Days Payable Related Terms

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Ten Ren Tea Co (TPE:1233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ten Ren Tea Co Ltd (TPE:1233) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chung Hsiao East Road, 6 floor, Number 107,Sec 4, Taipei, TWN

Website

https://www.tenren.com.tw

Ten Ren Tea Co Ltd engaged in the manufacture and sale of tea, tea sets and beverages. The company markets spiced tea, herbal tea, tea bags, tea snacks, as well as teapots and cups. Ten Ren Tea sells its products across many countries.

Ten Ren Tea Co (TPE:1233) Headlines

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