Formosa Plastics (TPE:1301) Days Payable : 19.31 (As of Dec. 2024)

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What is Formosa Plastics Days Payable?

Formosa Plastics's average Accounts Payable for the three months ended in Dec. 2024 was NT$10,207 Mil. Formosa Plastics's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$48,245 Mil. Hence, Formosa Plastics's Days Payable for the three months ended in Dec. 2024 was 19.31.

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

TPE:1301' s Days Payable Range Over the Past 10 Years
Min: 18.79 Med: 24.91 Max: 28.15
Current: 18.79

During the past 13 years, Formosa Plastics's highest Days Payable was 28.15. The lowest was 18.79. And the median was 24.91.

TPE:1301's Days Payable is ranked worse than
91.28% of 1502 companies
in the Chemicals industry
Industry Median: 58.845 vs TPE:1301: 18.79

Formosa Plastics's Days Payable declined from Dec. 2023 (21.33) to Dec. 2024 (19.31). It may suggest that Formosa Plastics accelerated paying its suppliers.

Formosa Plastics Days Payable Historical Data

The historical data trend for Formosa Plastics'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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Formosa Plastics Days Payable Chart

Formosa Plastics Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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28.15

26.89

24.22

22.56

23.99

Formosa Plastics Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															21.33	19.45	16.20	15.03	19.31

Competitive Comparison of Formosa Plastics's Days Payable

For the Specialty Chemicals subindustry, Formosa Plastics'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.

Formosa Plastics's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Formosa Plastics's Days Payable distribution charts can be found below:

* The bar in red indicates where Formosa Plastics's Days Payable falls into.

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Formosa Plastics 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.

Formosa Plastics's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (11631.24	+	13325.668)	/	2 )	/	189891.929	*	365
=	12478.454					/	189891.929	*	365
=	23.99

Formosa Plastics's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (7089.035	+	13325.668)	/	2 )	/	48245.218	*	365 / 4
=	10207.3515					/	48245.218	*	365 / 4
=	19.31

Formosa Plastics Days Payable Related Terms

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Formosa Plastics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosa Plastics Corp (TPE:1301) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

201, Tung Hwa North Road, 4th Floor, Taipei, TWN, 814

Website

https://www.fpc.com.tw

Formosa Plastics Corp is a holding company that, through its subsidiaries, manufactures and sells plastic-based products, chemical fibers, and petrochemicals. The company operates in six reportable segments: Plastics Division, Polyolefins Division, Polypropylene Division, Tairylan Division, Chemistry Division, and Other Divisions. The company operates in Asia, including Taiwan, and mainland China, among others.

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