Far Eastern New Century (TPE:1402) Days Payable : 36.28 (As of Dec. 2023)

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What is Far Eastern New Century Days Payable?

Far Eastern New Century's average Accounts Payable for the three months ended in Dec. 2023 was NT$21,816 Mil. Far Eastern New Century's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$54,870 Mil. Hence, Far Eastern New Century's Days Payable for the three months ended in Dec. 2023 was 36.28.

The historical rank and industry rank for Far Eastern New Century's Days Payable or its related term are showing as below:

TPE:1402' s Days Payable Range Over the Past 10 Years
Min: 31.29 Med: 34.75 Max: 39.58
Current: 34.8

During the past 13 years, Far Eastern New Century's highest Days Payable was 39.58. The lowest was 31.29. And the median was 34.75.

TPE:1402's Days Payable is ranked worse than
70.31% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.345 vs TPE:1402: 34.80

Far Eastern New Century's Days Payable increased from Dec. 2022 (33.66) to Dec. 2023 (36.28). It may suggest that Far Eastern New Century delayed paying its suppliers.

Far Eastern New Century Days Payable Historical Data

The historical data trend for Far Eastern New Century'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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Far Eastern New Century Days Payable Chart

Far Eastern New Century Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.29

39.58

35.47

32.87

35.76

Far Eastern New Century Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															33.66	34.54	32.98	34.35	36.28

Competitive Comparison of Far Eastern New Century's Days Payable

For the Textile Manufacturing subindustry, Far Eastern New Century'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.

Far Eastern New Century's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Far Eastern New Century's Days Payable falls into.

Far Eastern New Century 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.

Far Eastern New Century'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
=	( (19200.434	+	21978.933)	/	2 )	/	210142.695	*	365
=	20589.6835					/	210142.695	*	365
=	35.76

Far Eastern New Century's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21653.168	+	21978.933)	/	2 )	/	54870.253	*	365 / 4
=	21816.0505					/	54870.253	*	365 / 4
=	36.28

Far Eastern New Century Days Payable Related Terms

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Far Eastern New Century (TPE:1402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Far Eastern New Century Corp (TPE:1402) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 207, Tun Hwa South Road, 36th Floor, Taipei Metro Tower, Section 2, Taipei, TWN

Website

https://www.fenc.com

Far Eastern New Century Corp is a Taiwan-based industrial holding company with operations that span Taiwan, China, Vietnam, the United States, and Southeast Asia. The company is organized into a business that includes telecommunication, polyester, textiles, property development, and others. The telecommunication business offers wireless telecommunications and cloud services and sells mobile equipment products. The petrochemical business mainly engages in the production and sales of PTA goods. The polyester business produces and sells various polyester and PET products. The textile business produces finished yarns, fabrics, and clothes. The company generates the majority of its revenue from its polyester segments, and most of its revenue is derived from Taiwan.

Far Eastern New Century (TPE:1402) Headlines

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