Tah hsin Industrial (TPE:1315) Days Payable : 13.84 (As of Mar. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Tah hsin Industrial Days Payable?

Tah hsin Industrial's average Accounts Payable for the three months ended in Mar. 2024 was NT$62 Mil. Tah hsin Industrial's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$407 Mil. Hence, Tah hsin Industrial's Days Payable for the three months ended in Mar. 2024 was 13.84.

The historical rank and industry rank for Tah hsin Industrial's Days Payable or its related term are showing as below:

TPE:1315' s Days Payable Range Over the Past 10 Years
Min: 10 Med: 12.3 Max: 14.05
Current: 13.83

During the past 13 years, Tah hsin Industrial's highest Days Payable was 14.05. The lowest was 10.00. And the median was 12.30.

TPE:1315's Days Payable is ranked worse than
91.49% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs TPE:1315: 13.83

Tah hsin Industrial's Days Payable declined from Mar. 2023 (17.32) to Mar. 2024 (13.84). It may suggest that Tah hsin Industrial accelerated paying its suppliers.

Tah hsin Industrial Days Payable Historical Data

The historical data trend for Tah hsin Industrial'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.

Tah hsin Industrial Days Payable Chart

Tah hsin Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

10.00

11.07

13.47

11.83

10.03

Tah hsin Industrial 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															17.32	13.65	10.39	10.93	13.84

Competitive Comparison of Tah hsin Industrial's Days Payable

For the Apparel Manufacturing subindustry, Tah hsin Industrial'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.

Tah hsin Industrial's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tah hsin Industrial's Days Payable distribution charts can be found below:

* The bar in red indicates where Tah hsin Industrial's Days Payable falls into.

Tah hsin Industrial 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.

Tah hsin Industrial'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
=	( (60.385	+	38.787)	/	2 )	/	1804.934	*	365
=	49.586					/	1804.934	*	365
=	10.03

Tah hsin Industrial'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
=	( (38.787	+	84.849)	/	2 )	/	407.436	*	365 / 4
=	61.818					/	407.436	*	365 / 4
=	13.84

Tah hsin Industrial Days Payable Related Terms

Thank you for viewing the detailed overview of Tah hsin Industrial's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tah hsin Industrial (TPE:1315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tah hsin Industrial Corp (TPE:1315) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 51, 35th Road, Taichung Industrial Park, Xitun District, Taichung, TWN

Website

https://www.tahhsin.com.tw

Tah hsin Industrial Corp is engaged in the manufacturing and trading of a variety of plastic raincoats, nylon raincoats, overalls, wardrobes, nylon jackets, PP corrugated boards, TC ready-to-wear garments, leather goods, handbags, file folders, plastic film, carrier bags, laminating machines, and others. Its operating segment includes Tahsin in Taiwan, Tahsin Shoji Co., Ltd, United States T.H. USA; Fujian Putian DAFU Plastic Industry Co., Ltd; Tah Viet Co., Ltd; Myanmar Tahsin; Tah Fa Investment Co., Ltd, and others. The company generates maximum revenue from the Tahsin Taiwan segment.

Tah hsin Industrial (TPE:1315) Headlines

No Headlines