Hong Ho Precision Textile Co (TPE:1446) Days Payable : 18.81 (As of Mar. 2024)

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What is Hong Ho Precision Textile Co Days Payable?

Hong Ho Precision Textile Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$73 Mil. Hong Ho Precision Textile Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$353 Mil. Hence, Hong Ho Precision Textile Co's Days Payable for the three months ended in Mar. 2024 was 18.81.

The historical rank and industry rank for Hong Ho Precision Textile Co's Days Payable or its related term are showing as below:

TPE:1446' s Days Payable Range Over the Past 10 Years
Min: 33.2 Med: 91.01 Max: 126.83
Current: 33.2

During the past 13 years, Hong Ho Precision Textile Co's highest Days Payable was 126.83. The lowest was 33.20. And the median was 91.01.

TPE:1446's Days Payable is ranked worse than
72.18% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs TPE:1446: 33.20

Hong Ho Precision Textile Co's Days Payable declined from Mar. 2023 (97.86) to Mar. 2024 (18.81). It may suggest that Hong Ho Precision Textile Co accelerated paying its suppliers.

Hong Ho Precision Textile Co Days Payable Historical Data

The historical data trend for Hong Ho Precision Textile 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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Hong Ho Precision Textile Co Days Payable Chart

Hong Ho Precision Textile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

69.02

64.33

95.33

74.10

63.14

Hong Ho Precision Textile 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															97.86	78.78	224.42	32.41	18.81

Competitive Comparison of Hong Ho Precision Textile Co's Days Payable

For the Textile Manufacturing subindustry, Hong Ho Precision Textile 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.

Hong Ho Precision Textile Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Hong Ho Precision Textile Co's Days Payable falls into.

Hong Ho Precision Textile 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.

Hong Ho Precision Textile 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
=	( (36.07	+	78.904)	/	2 )	/	332.333	*	365
=	57.487					/	332.333	*	365
=	63.14

Hong Ho Precision Textile 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
=	( (78.904	+	66.817)	/	2 )	/	353.485	*	365 / 4
=	72.8605					/	353.485	*	365 / 4
=	18.81

Hong Ho Precision Textile Co Days Payable Related Terms

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Hong Ho Precision Textile Co (TPE:1446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hong Ho Precision Textile Co Ltd (TPE:1446) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO.473,Zhongshan S.Road, Yong-kang District, Tainan City, TWN

Website

http://www.hongho.com.tw

Hong Ho Precision Textile Co Ltd is a Taiwan-based which is engaged in the manufacturing and selling of finished fabrics, apparel, and gray fabrics. Its fabrics include home textile fabrics, city wear fabrics, and sportswear fabrics.

Hong Ho Precision Textile Co (TPE:1446) Headlines

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