Asia Plastic Recycling Holdings (TPE:1337) Days Payable : 21.76 (As of Mar. 2024)

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What is Asia Plastic Recycling Holdings Days Payable?

Asia Plastic Recycling Holdings's average Accounts Payable for the three months ended in Mar. 2024 was NT$65.6 Mil. Asia Plastic Recycling Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$274.9 Mil. Hence, Asia Plastic Recycling Holdings's Days Payable for the three months ended in Mar. 2024 was 21.76.

The historical rank and industry rank for Asia Plastic Recycling Holdings's Days Payable or its related term are showing as below:

TPE:1337' s Days Payable Range Over the Past 10 Years
Min: 22.41 Med: 53.16 Max: 66.57
Current: 22.41

During the past 13 years, Asia Plastic Recycling Holdings's highest Days Payable was 66.57. The lowest was 22.41. And the median was 53.16.

TPE:1337's Days Payable is ranked worse than
88.43% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs TPE:1337: 22.41

Asia Plastic Recycling Holdings's Days Payable declined from Mar. 2023 (27.27) to Mar. 2024 (21.76). It may suggest that Asia Plastic Recycling Holdings accelerated paying its suppliers.

Asia Plastic Recycling Holdings Days Payable Historical Data

The historical data trend for Asia Plastic Recycling Holdings'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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Asia Plastic Recycling Holdings Days Payable Chart

Asia Plastic Recycling Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.35

62.24

46.85

33.44

25.15

Asia Plastic Recycling Holdings 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															27.27	22.66	22.82	23.30	21.76

Competitive Comparison of Asia Plastic Recycling Holdings's Days Payable

For the Specialty Chemicals subindustry, Asia Plastic Recycling Holdings'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.

Asia Plastic Recycling Holdings's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asia Plastic Recycling Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Asia Plastic Recycling Holdings's Days Payable falls into.

Asia Plastic Recycling Holdings 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.

Asia Plastic Recycling Holdings'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
=	( (57.844	+	69.66)	/	2 )	/	925.366	*	365
=	63.752					/	925.366	*	365
=	25.15

Asia Plastic Recycling Holdings'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
=	( (69.66	+	61.462)	/	2 )	/	274.866	*	365 / 4
=	65.561					/	274.866	*	365 / 4
=	21.76

Asia Plastic Recycling Holdings Days Payable Related Terms

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Asia Plastic Recycling Holdings (TPE:1337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asia Plastic Recycling Holdings Ltd (TPE:1337) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cricket Square, P.O. Box 2804, 4th Floor, Willow House, Grand Cayman, CYM, KY1-1112

Website

http://www.asia-recycle.com

Asia Plastic Recycling Holdings Ltd is engaged in the manufacturing, sale, research, and development of ethylene-vinyl acetate copolymer (EVA). EVA foam material is used in shoes, luggage (luggage trolley) linings, sporting goods, toys, car liners, home improvement building materials, and other fields.

Asia Plastic Recycling Holdings (TPE:1337) Headlines

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