Tainan Spinning Co (TPE:1440) Days Payable : 44.59 (As of Mar. 2024)

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What is Tainan Spinning Co Days Payable?

Tainan Spinning Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$1,933 Mil. Tainan Spinning Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$3,956 Mil. Hence, Tainan Spinning Co's Days Payable for the three months ended in Mar. 2024 was 44.59.

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

TPE:1440' s Days Payable Range Over the Past 10 Years
Min: 26.92 Med: 33.9 Max: 40.28
Current: 40.28

During the past 13 years, Tainan Spinning Co's highest Days Payable was 40.28. The lowest was 26.92. And the median was 33.90.

TPE:1440's Days Payable is ranked worse than
63.89% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.07 vs TPE:1440: 40.28

Tainan Spinning Co's Days Payable increased from Mar. 2023 (32.18) to Mar. 2024 (44.59). It may suggest that Tainan Spinning Co delayed paying its suppliers.

Tainan Spinning Co Days Payable Historical Data

The historical data trend for Tainan Spinning 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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Tainan Spinning Co Days Payable Chart

Tainan Spinning Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

32.21

38.66

37.08

34.55

38.37

Tainan Spinning Co 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															32.18	35.86	38.85	43.00	44.59

Competitive Comparison of Tainan Spinning Co's Days Payable

For the Textile Manufacturing subindustry, Tainan Spinning 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.

Tainan Spinning Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Tainan Spinning Co's Days Payable falls into.

Tainan Spinning 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.

Tainan Spinning 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
=	( (1921.832	+	2040.255)	/	2 )	/	18844.889	*	365
=	1981.0435					/	18844.889	*	365
=	38.37

Tainan Spinning Co'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
=	( (2040.255	+	1826.42)	/	2 )	/	3956.082	*	365 / 4
=	1933.3375					/	3956.082	*	365 / 4
=	44.59

Tainan Spinning Co Days Payable Related Terms

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Tainan Spinning Co (TPE:1440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tainan Spinning Co Ltd (TPE:1440) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398, , Zhonghua East Road, 10th Floor, Section 1, East District, Tainan, TWN

Website

https://www.tainanspin.com.tw

Tainan Spinning Co Ltd is a Taiwan-based company that is principally engaged in the manufacturing, processing, and sales of textile products. The company's products include yarn, polyester, polyester filament, pet granules (spinning), pet granules (bottle), processed yarn, and others. The company also operates a real estate business. The company generates the majority of its total revenue from textile products.

Tainan Spinning Co (TPE:1440) Headlines

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