Ascent Development Co (TPE:1439) Days Payable : 176.48 (As of Jun. 2024)

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What is Ascent Development Co Days Payable?

Ascent Development Co's average Accounts Payable for the three months ended in Jun. 2024 was NT$39.2 Mil. Ascent Development Co's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$20.3 Mil. Hence, Ascent Development Co's Days Payable for the three months ended in Jun. 2024 was 176.48.

The historical rank and industry rank for Ascent Development Co's Days Payable or its related term are showing as below:

TPE:1439' s Days Payable Range Over the Past 10 Years
Min: 8.9 Med: 18.77 Max: 94.03
Current: 94.03

During the past 13 years, Ascent Development Co's highest Days Payable was 94.03. The lowest was 8.90. And the median was 18.77.

TPE:1439's Days Payable is ranked better than
75.37% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.04 vs TPE:1439: 94.03

Ascent Development Co's Days Payable declined from Jun. 2023 (216.31) to Jun. 2024 (176.48). It may suggest that Ascent Development Co accelerated paying its suppliers.

Ascent Development Co Days Payable Historical Data

The historical data trend for Ascent Development Co'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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Ascent Development Co Days Payable Chart

Ascent Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.90

13.38

24.15

67.04

Ascent Development Co 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															216.31	76.72	46.84	126.23	176.48

Competitive Comparison of Ascent Development Co's Days Payable

For the Textile Manufacturing subindustry, Ascent Development Co'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.

Ascent Development Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Ascent Development Co's Days Payable falls into.

Ascent Development Co 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.

Ascent Development Co'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
=	( (24.801	+	28.097)	/	2 )	/	144.009	*	365
=	26.449					/	144.009	*	365
=	67.04

Ascent Development Co'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
=	( (35.161	+	43.208)	/	2 )	/	20.26	*	365 / 4
=	39.1845					/	20.26	*	365 / 4
=	176.48

Ascent Development Co Days Payable Related Terms

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Ascent Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ascent Development Co Ltd (TPE:1439) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 557-1, Section 4, Zhongxiao East Road, 19th Floor, Xinyi District, Taipei, TWN, 110055

Website

https://www.ascentglobal.com.tw

Ascent Development Co Ltd operates in the textile manufacturing industry. The company is engaged in the manufacturing and selling of wool tops, carbonized wool, scoured wool, and shrink-resistant wool tops, as well as real estate development, lease, and sale. The company generates the majority of its revenue from the wool tops segment.

Ascent Development Co Headlines

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