I-Hwa Indusstrial Co (TPE:1456) Days Payable : 47.29 (As of Mar. 2024)

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What is I-Hwa Indusstrial Co Days Payable?

I-Hwa Indusstrial Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$99 Mil. I-Hwa Indusstrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$191 Mil. Hence, I-Hwa Indusstrial Co's Days Payable for the three months ended in Mar. 2024 was 47.29.

The historical rank and industry rank for I-Hwa Indusstrial Co's Days Payable or its related term are showing as below:

TPE:1456' s Days Payable Range Over the Past 10 Years
Min: 0.55 Med: 27 Max: 46.86
Current: 33.47

During the past 13 years, I-Hwa Indusstrial Co's highest Days Payable was 46.86. The lowest was 0.55. And the median was 27.00.

TPE:1456's Days Payable is ranked worse than
79.33% of 1582 companies
in the Real Estate industry
Industry Median: 99.725 vs TPE:1456: 33.47

I-Hwa Indusstrial Co's Days Payable declined from Mar. 2023 (182.22) to Mar. 2024 (47.29). It may suggest that I-Hwa Indusstrial Co accelerated paying its suppliers.

I-Hwa Indusstrial Co Days Payable Historical Data

The historical data trend for I-Hwa Indusstrial 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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I-Hwa Indusstrial Co Days Payable Chart

I-Hwa Indusstrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.76

29.23

0.55

46.86

41.64

I-Hwa Indusstrial 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															182.22	22.93	31.70	58.24	47.29

Competitive Comparison of I-Hwa Indusstrial Co's Days Payable

For the Real Estate Services subindustry, I-Hwa Indusstrial 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.

I-Hwa Indusstrial Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, I-Hwa Indusstrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where I-Hwa Indusstrial Co's Days Payable falls into.

I-Hwa Indusstrial 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.

I-Hwa Indusstrial 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
=	( (111.951	+	144.128)	/	2 )	/	1122.215	*	365
=	128.0395					/	1122.215	*	365
=	41.64

I-Hwa Indusstrial 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
=	( (144.128	+	54.017)	/	2 )	/	191.177	*	365 / 4
=	99.0725					/	191.177	*	365 / 4
=	47.29

I-Hwa Indusstrial Co Days Payable Related Terms

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I-Hwa Indusstrial Co (TPE:1456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » I-Hwa Indusstrial Co Ltd (TPE:1456) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 392, Neihu Road, 12th Floor, Section 1, Neihu District, Taipei, TWN, 114

Website

https://www.ihwa.com.tw

I-Hwa Indusstrial Co Ltd is principally engaged in land development and construction of houses, residential and building development and leasing, as well as manufacturing and trading of finished fabrics, woolen yarn, cotton yarn and dyestuffs, general advertising services, and e-commerce, etc. The group's revenue from the sale of premises is a major source of income for its operations.

I-Hwa Indusstrial Co (TPE:1456) Headlines

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