Tainan Enterprises Co (TPE:1473) Days Payable : 22.64 (As of Dec. 2024)

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What is Tainan Enterprises Co Days Payable?

Tainan Enterprises Co's average Accounts Payable for the three months ended in Dec. 2024 was NT$347 Mil. Tainan Enterprises Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$1,399 Mil. Hence, Tainan Enterprises Co's Days Payable for the three months ended in Dec. 2024 was 22.64.

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

TPE:1473' s Days Payable Range Over the Past 10 Years
Min: 16.34 Med: 22.43 Max: 25.2
Current: 20.24

During the past 13 years, Tainan Enterprises Co's highest Days Payable was 25.20. The lowest was 16.34. And the median was 22.43.

TPE:1473's Days Payable is ranked worse than
85.81% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.01 vs TPE:1473: 20.24

Tainan Enterprises Co's Days Payable declined from Dec. 2023 (27.40) to Dec. 2024 (22.64). It may suggest that Tainan Enterprises Co accelerated paying its suppliers.

Tainan Enterprises Co Days Payable Historical Data

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

Tainan Enterprises Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

Get a 7-Day Free Trial

21.27

24.67

16.34

21.55

25.20

Tainan Enterprises Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															27.40	17.46	19.96	16.67	22.64

Competitive Comparison of Tainan Enterprises Co's Days Payable

For the Apparel Manufacturing subindustry, Tainan Enterprises 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 Enterprises Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

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Tainan Enterprises 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 Enterprises Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (413.529	+	426.282)	/	2 )	/	6080.962	*	365
=	419.9055					/	6080.962	*	365
=	25.20

Tainan Enterprises Co's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (268.19	+	426.282)	/	2 )	/	1399.292	*	365 / 4
=	347.236					/	1399.292	*	365 / 4
=	22.64

Tainan Enterprises Co Days Payable Related Terms

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Tainan Enterprises Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tainan Enterprises Co Ltd (TPE:1473) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.15-1, Han-Chou South Road, Sec.1, Taipei, TWN

Website

https://www.eng.tai-nan.com

Tainan Enterprises Co Ltd engages in the manufacturing, retail and export of various kinds of apparels (including woven and knitted garments) in Taiwan. It is principally involved in the manufacturing of all kinds of clothes. Its products include pants, shirts, dresses, skirts, jackets, vests, and coats. It has two segments namely: Garment production and Investment. Geographically the company distributes its services in Taiwan, the United States, Japan, China, Taiwan, Cambodia, Indonesia, Vietnam, Canada and Others, out of which it derives maximum revenue from United States.

Tainan Enterprises Co Headlines

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