Chyang Sheng Dyeing & Finishing Co (TPE:1463) Days Payable : 59.11 (As of Mar. 2024)

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What is Chyang Sheng Dyeing & Finishing Co Days Payable?

Chyang Sheng Dyeing & Finishing Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$51.7 Mil. Chyang Sheng Dyeing & Finishing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$79.9 Mil. Hence, Chyang Sheng Dyeing & Finishing Co's Days Payable for the three months ended in Mar. 2024 was 59.11.

The historical rank and industry rank for Chyang Sheng Dyeing & Finishing Co's Days Payable or its related term are showing as below:

TPE:1463' s Days Payable Range Over the Past 10 Years
Min: 26.96 Med: 51.38 Max: 95.83
Current: 59.48

During the past 13 years, Chyang Sheng Dyeing & Finishing Co's highest Days Payable was 95.83. The lowest was 26.96. And the median was 51.38.

TPE:1463's Days Payable is ranked better than
52.7% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.07 vs TPE:1463: 59.48

Chyang Sheng Dyeing & Finishing Co's Days Payable increased from Mar. 2023 (56.95) to Mar. 2024 (59.11). It may suggest that Chyang Sheng Dyeing & Finishing Co delayed paying its suppliers.

Chyang Sheng Dyeing & Finishing Co Days Payable Historical Data

The historical data trend for Chyang Sheng Dyeing & Finishing 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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Chyang Sheng Dyeing & Finishing Co Days Payable Chart

Chyang Sheng Dyeing & Finishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.41

60.29

60.13

52.34

62.16

Chyang Sheng Dyeing & Finishing 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															56.95	63.58	55.69	62.01	59.11

Competitive Comparison of Chyang Sheng Dyeing & Finishing Co's Days Payable

For the Textile Manufacturing subindustry, Chyang Sheng Dyeing & Finishing 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.

Chyang Sheng Dyeing & Finishing Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Chyang Sheng Dyeing & Finishing Co's Days Payable falls into.

Chyang Sheng Dyeing & Finishing 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.

Chyang Sheng Dyeing & Finishing 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
=	( (56.214	+	56.773)	/	2 )	/	331.75	*	365
=	56.4935					/	331.75	*	365
=	62.16

Chyang Sheng Dyeing & Finishing 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
=	( (56.773	+	46.688)	/	2 )	/	79.854	*	365 / 4
=	51.7305					/	79.854	*	365 / 4
=	59.11

Chyang Sheng Dyeing & Finishing Co Days Payable Related Terms

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Chyang Sheng Dyeing & Finishing Co (TPE:1463) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Chyang Sheng Dyeing & Finishing Co Ltd (TPE:1463) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 126, Dagong Road, Dayuan, Taoyuan, TWN

Website

https://www.csgroup.com.tw

Chyang Sheng Dyeing & Finishing Co Ltd operates in textile manufacturing. The major business activities of the group are processing, printing, bleaching, dyeing, and finishing and trading of various fiber products.

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