Cathay Consolidated (TPE:1342) Days Payable : 40.31 (As of Jun. 2024)

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What is Cathay Consolidated Days Payable?

Cathay Consolidated's average Accounts Payable for the three months ended in Jun. 2024 was NT$185 Mil. Cathay Consolidated's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$419 Mil. Hence, Cathay Consolidated's Days Payable for the three months ended in Jun. 2024 was 40.31.

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

TPE:1342' s Days Payable Range Over the Past 10 Years
Min: 28.15 Med: 34.37 Max: 43.49
Current: 40.63

During the past 8 years, Cathay Consolidated's highest Days Payable was 43.49. The lowest was 28.15. And the median was 34.37.

TPE:1342's Days Payable is ranked worse than
62.61% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.16 vs TPE:1342: 40.63

Cathay Consolidated's Days Payable declined from Jun. 2023 (45.69) to Jun. 2024 (40.31). It may suggest that Cathay Consolidated accelerated paying its suppliers.

Cathay Consolidated Days Payable Historical Data

The historical data trend for Cathay Consolidated'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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Cathay Consolidated Days Payable Chart

Cathay Consolidated Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.55

34.23

39.52

34.50

31.68

Cathay Consolidated 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															45.69	41.32	44.84	40.89	40.31

Competitive Comparison of Cathay Consolidated's Days Payable

For the Textile Manufacturing subindustry, Cathay Consolidated'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.

Cathay Consolidated's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Cathay Consolidated's Days Payable falls into.

Cathay Consolidated 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.

Cathay Consolidated'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
=	( (110.538	+	190.031)	/	2 )	/	1731.277	*	365
=	150.2845					/	1731.277	*	365
=	31.68

Cathay Consolidated'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
=	( (203.743	+	166.817)	/	2 )	/	419.434	*	365 / 4
=	185.28					/	419.434	*	365 / 4
=	40.31

Cathay Consolidated Days Payable Related Terms

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Cathay Consolidated Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cathay Consolidated Inc (TPE:1342) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 6, Dexing 4th Road, Yilan County, Dongshan Shiang, TWN, 26950

Website

https://www.cathayconsolidated.com

Cathay Consolidated Inc is a Taiwan-based company engaged in the manufacturing of TPU film, air mattresses, covers, laminated fabrics, and bladders. Its revenue mainly comes from the production and sale of functional fabrics. It operates in Taiwan, Asia, the Americas, Others, and the majority of its revenue comes from Asia. The main product of the Company is TPU film, air mattress, cover, laminated fabrics and bladder. The company's products are used in Aviation, Marine, Medical, Outdoor, and Industrial.

Cathay Consolidated Headlines

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