Triocean Industrial Co (TPE:1472) Days Payable : 16.14 (As of Dec. 2023)

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What is Triocean Industrial Co Days Payable?

Triocean Industrial Co's average Accounts Payable for the three months ended in Dec. 2023 was NT$92 Mil. Triocean Industrial Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$519 Mil. Hence, Triocean Industrial Co's Days Payable for the three months ended in Dec. 2023 was 16.14.

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

TPE:1472' s Days Payable Range Over the Past 10 Years
Min: 14.45 Med: 29.07 Max: 438.87
Current: 17.25

During the past 13 years, Triocean Industrial Co's highest Days Payable was 438.87. The lowest was 14.45. And the median was 29.07.

TPE:1472's Days Payable is ranked worse than
88.37% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs TPE:1472: 17.25

Triocean Industrial Co's Days Payable increased from Dec. 2022 (13.87) to Dec. 2023 (16.14). It may suggest that Triocean Industrial Co delayed paying its suppliers.

Triocean Industrial Co Days Payable Historical Data

The historical data trend for Triocean Industrial 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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Triocean Industrial Co Days Payable Chart

Triocean Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.62

438.87

35.25

22.24

21.45

Triocean Industrial Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															13.87	30.26	11.13	14.65	16.14

Competitive Comparison of Triocean Industrial Co's Days Payable

For the Textile Manufacturing subindustry, Triocean Industrial 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.

Triocean Industrial Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Triocean Industrial Co's Days Payable falls into.

Triocean Industrial 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.

Triocean Industrial 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
=	( (98.747	+	100.479)	/	2 )	/	1694.708	*	365
=	99.613					/	1694.708	*	365
=	21.45

Triocean Industrial Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (83.045	+	100.479)	/	2 )	/	518.714	*	365 / 4
=	91.762					/	518.714	*	365 / 4
=	16.14

Triocean Industrial Co Days Payable Related Terms

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Triocean Industrial Co (TPE:1472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Triocean Industrial Corp Co Ltd (TPE:1472) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 360, Jiabao Road, 3rd Floor, Dashe District, Kaohsiung, TWN, 802

Website

https://www.triocean.com.tw

Triocean Industrial Corp Co Ltd, formerly Tri Ocean Textile Co Ltd is a Taiwan-based company that operates in the textile manufacturing industry. It is engaged in producing polypropylene filament yarns and fabrics.

Triocean Industrial Co (TPE:1472) Headlines

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