Sheng Yu Steel Co (TPE:2029) Days Payable : 8.45 (As of Dec. 2024)

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What is Sheng Yu Steel Co Days Payable?

Sheng Yu Steel Co's average Accounts Payable for the three months ended in Dec. 2024 was NT$306 Mil. Sheng Yu Steel Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$3,306 Mil. Hence, Sheng Yu Steel Co's Days Payable for the three months ended in Dec. 2024 was 8.45.

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

TPE:2029' s Days Payable Range Over the Past 10 Years
Min: 8.86 Med: 9.93 Max: 11.07
Current: 8.9

During the past 13 years, Sheng Yu Steel Co's highest Days Payable was 11.07. The lowest was 8.86. And the median was 9.93.

TPE:2029's Days Payable is ranked worse than
90.56% of 604 companies
in the Steel industry
Industry Median: 39.52 vs TPE:2029: 8.90

Sheng Yu Steel Co's Days Payable declined from Dec. 2023 (8.59) to Dec. 2024 (8.45). It may suggest that Sheng Yu Steel Co accelerated paying its suppliers.

Sheng Yu Steel Co Days Payable Historical Data

The historical data trend for Sheng Yu 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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Sheng Yu Steel Co Days Payable Chart

Sheng Yu Steel Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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10.67

10.14

9.58

8.86

9.44

Sheng Yu Steel 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															8.59	8.99	9.20	8.49	8.45

Competitive Comparison of Sheng Yu Steel Co's Days Payable

For the Steel subindustry, Sheng Yu 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.

Sheng Yu Steel Co's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Sheng Yu Steel Co's Days Payable falls into.

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Sheng Yu 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.

Sheng Yu Steel 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
=	( (293.894	+	346.205)	/	2 )	/	12376.09	*	365
=	320.0495					/	12376.09	*	365
=	9.44

Sheng Yu Steel 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
=	( (265.966	+	346.205)	/	2 )	/	3305.623	*	365 / 4
=	306.0855					/	3305.623	*	365 / 4
=	8.45

Sheng Yu Steel Co Days Payable Related Terms

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Sheng Yu Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sheng Yu Steel Co Ltd (TPE:2029) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11, Chung Lin Road, Hsiao Kang, Kaohsiung, TWN, 81260

Website

https://www.shengyusteel.com

Sheng Yu Steel Co Ltd is engaged in the steel industry. The company manufactures, processes, and sells cold rolled, galvanized, and prepainted steel coils. It processes and sells cold rolled steel, galvanized steel sheets, and color-coated steel sheets. It also purchases and re-sells various steel products.

Sheng Yu Steel Co Headlines

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