Chien Shing Stainless Steel Co (TPE:2025) Days Payable : 0.81 (As of Sep. 2024)

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What is Chien Shing Stainless Steel Co Days Payable?

Chien Shing Stainless Steel Co's average Accounts Payable for the three months ended in Sep. 2024 was NT$2.2 Mil. Chien Shing Stainless Steel Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$252.0 Mil. Hence, Chien Shing Stainless Steel Co's Days Payable for the three months ended in Sep. 2024 was 0.81.

The historical rank and industry rank for Chien Shing Stainless Steel Co's Days Payable or its related term are showing as below:

TPE:2025' s Days Payable Range Over the Past 10 Years
Min: 0.4 Med: 0.7 Max: 35.94
Current: 0.57

During the past 13 years, Chien Shing Stainless Steel Co's highest Days Payable was 35.94. The lowest was 0.40. And the median was 0.70.

TPE:2025's Days Payable is ranked worse than
99.83% of 604 companies
in the Steel industry
Industry Median: 40.4 vs TPE:2025: 0.57

Chien Shing Stainless Steel Co's Days Payable increased from Sep. 2023 (0.66) to Sep. 2024 (0.81). It may suggest that Chien Shing Stainless Steel Co delayed paying its suppliers.

Chien Shing Stainless Steel Co Days Payable Historical Data

The historical data trend for Chien Shing Stainless Steel 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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Chien Shing Stainless Steel Co Days Payable Chart

Chien Shing Stainless Steel Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

29.90

35.94

1.12

0.67

0.40

Chien Shing Stainless Steel Co Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															0.66	0.57	0.28	0.13	0.81

Competitive Comparison of Chien Shing Stainless Steel Co's Days Payable

For the Steel subindustry, Chien Shing Stainless Steel 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.

Chien Shing Stainless Steel Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chien Shing Stainless Steel Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chien Shing Stainless Steel Co's Days Payable falls into.

Chien Shing Stainless Steel 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.

Chien Shing Stainless Steel 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
=	( (0.204	+	1.774)	/	2 )	/	894.525	*	365
=	0.989					/	894.525	*	365
=	0.40

Chien Shing Stainless Steel Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.334	+	4.145)	/	2 )	/	252.032	*	365 / 4
=	2.2395					/	252.032	*	365 / 4
=	0.81

Chien Shing Stainless Steel Co Days Payable Related Terms

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Chien Shing Stainless Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chien Shing Stainless Steel Co Ltd (TPE:2025) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number. 222, Industry Road, Hsiao Pyi Li, Madou, Tainan, TWN

Website

http://www.csssc.com.tw

Chien Shing Stainless Steel Co Ltd is active in the stainless steel business in Taiwan. It engages in cutting and sliding of large stainless-steel coils, trading of various stainless-steel materials, and manufacturing of customized stainless-steel applications.

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