Hsin Kuang Steel Co (TPE:2031) Days Payable : 7.52 (As of Mar. 2024)

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What is Hsin Kuang Steel Co Days Payable?

Hsin Kuang Steel Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$256 Mil. Hsin Kuang Steel Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$3,107 Mil. Hence, Hsin Kuang Steel Co's Days Payable for the three months ended in Mar. 2024 was 7.52.

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

TPE:2031' s Days Payable Range Over the Past 10 Years
Min: 1.97 Med: 4.22 Max: 6.53
Current: 6.53

During the past 13 years, Hsin Kuang Steel Co's highest Days Payable was 6.53. The lowest was 1.97. And the median was 4.22.

TPE:2031's Days Payable is ranked worse than
94.54% of 586 companies
in the Steel industry
Industry Median: 41.305 vs TPE:2031: 6.53

Hsin Kuang Steel Co's Days Payable declined from Mar. 2023 (8.10) to Mar. 2024 (7.52). It may suggest that Hsin Kuang Steel Co accelerated paying its suppliers.

Hsin Kuang Steel Co Days Payable Historical Data

The historical data trend for Hsin Kuang 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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Hsin Kuang Steel Co Days Payable Chart

Hsin Kuang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

5.00

4.11

5.54

4.90

6.10

Hsin Kuang Steel 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															8.10	6.44	5.52	6.31	7.52

Competitive Comparison of Hsin Kuang Steel Co's Days Payable

For the Steel subindustry, Hsin Kuang 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.

Hsin Kuang Steel Co's Days Payable Distribution in the Steel Industry

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

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

Hsin Kuang 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.

Hsin Kuang 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
=	( (250.565	+	238.449)	/	2 )	/	14629.138	*	365
=	244.507					/	14629.138	*	365
=	6.10

Hsin Kuang Steel 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
=	( (238.449	+	273.304)	/	2 )	/	3106.881	*	365 / 4
=	255.8765					/	3106.881	*	365 / 4
=	7.52

Hsin Kuang Steel Co Days Payable Related Terms

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Hsin Kuang Steel Co (TPE:2031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hsin Kuang Steel Co Ltd (TPE:2031) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

25th Floor, 97 Chongming Road, Section 4, Sanchong District, New Taipei City, TWN

Website

https://www.hkssteel.com.tw

Hsin Kuang Steel Co Ltd manufactures and sells steel products. The business activities of the group include cutting, stamping, and sale of steel products, including steel coils, steel plates, stainless steel, alloy steel and special steel. Geographically, the business activities are carried out across Taiwan.

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