Globe Industries (TPE:1324) Days Payable : 17.59 (As of Jun. 2024)

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What is Globe Industries Days Payable?

Globe Industries's average Accounts Payable for the three months ended in Jun. 2024 was NT$32.2 Mil. Globe Industries's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$167.2 Mil. Hence, Globe Industries's Days Payable for the three months ended in Jun. 2024 was 17.59.

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

TPE:1324' s Days Payable Range Over the Past 10 Years
Min: 15.26 Med: 22.41 Max: 24.07
Current: 17.08

During the past 13 years, Globe Industries's highest Days Payable was 24.07. The lowest was 15.26. And the median was 22.41.

TPE:1324's Days Payable is ranked worse than
95.89% of 2947 companies
in the Industrial Products industry
Industry Median: 75.59 vs TPE:1324: 17.08

Globe Industries's Days Payable declined from Jun. 2023 (20.87) to Jun. 2024 (17.59). It may suggest that Globe Industries accelerated paying its suppliers.

Globe Industries Days Payable Historical Data

The historical data trend for Globe Industries'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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Globe Industries Days Payable Chart

Globe Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.98

23.34

21.77

18.93

15.26

Globe Industries Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															20.87	16.55	17.65	18.28	17.59

Competitive Comparison of Globe Industries's Days Payable

For the Business Equipment & Supplies subindustry, Globe Industries'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.

Globe Industries's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Globe Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Globe Industries's Days Payable falls into.

Globe Industries 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.

Globe Industries'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
=	( (31.377	+	29.189)	/	2 )	/	724.365	*	365
=	30.283					/	724.365	*	365
=	15.26

Globe Industries's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (35.8	+	28.637)	/	2 )	/	167.175	*	365 / 4
=	32.2185					/	167.175	*	365 / 4
=	17.59

Globe Industries Days Payable Related Terms

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

Globe Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Globe Industries Corp (TPE:1324) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7f.No.61.Section 3, Nanking E Road, Songshan District, Taipei, TWN

Website

https://www.globetape.com.tw

Globe Industries Corp is a manufacturer of different tapes. The products offered by the company include PVC electrical insulating tape, protecting tape, masking tape, stationery tape, and packaging tape.

Globe Industries Headlines

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