Hai Kwang Enterprise (TPE:2038) Days Payable : 12.58 (As of Dec. 2024)

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What is Hai Kwang Enterprise Days Payable?

Hai Kwang Enterprise's average Accounts Payable for the three months ended in Dec. 2024 was NT$361 Mil. Hai Kwang Enterprise's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$2,620 Mil. Hence, Hai Kwang Enterprise's Days Payable for the three months ended in Dec. 2024 was 12.58.

The historical rank and industry rank for Hai Kwang Enterprise's Days Payable or its related term are showing as below:

TPE:2038' s Days Payable Range Over the Past 10 Years
Min: 12.47 Med: 16.36 Max: 21.03
Current: 17.79

During the past 13 years, Hai Kwang Enterprise's highest Days Payable was 21.03. The lowest was 12.47. And the median was 16.36.

TPE:2038's Days Payable is ranked worse than
82.03% of 601 companies
in the Steel industry
Industry Median: 39.45 vs TPE:2038: 17.79

Hai Kwang Enterprise's Days Payable declined from Dec. 2023 (17.10) to Dec. 2024 (12.58). It may suggest that Hai Kwang Enterprise accelerated paying its suppliers.

Hai Kwang Enterprise Days Payable Historical Data

The historical data trend for Hai Kwang Enterprise'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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Hai Kwang Enterprise Days Payable Chart

Hai Kwang Enterprise Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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16.13

16.18

16.84

20.25

16.53

Hai Kwang Enterprise 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															17.10	24.72	21.90	14.53	12.58

Competitive Comparison of Hai Kwang Enterprise's Days Payable

For the Steel subindustry, Hai Kwang Enterprise'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.

Hai Kwang Enterprise's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's Days Payable distribution charts can be found below:

* The bar in red indicates where Hai Kwang Enterprise's Days Payable falls into.

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Hai Kwang Enterprise 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.

Hai Kwang Enterprise'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
=	( (524.974	+	333.836)	/	2 )	/	9483.808	*	365
=	429.405					/	9483.808	*	365
=	16.53

Hai Kwang Enterprise'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
=	( (388.35	+	333.836)	/	2 )	/	2619.979	*	365 / 4
=	361.093					/	2619.979	*	365 / 4
=	12.58

Hai Kwang Enterprise Days Payable Related Terms

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Hai Kwang Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hai Kwang Enterprise Corp (TPE:2038) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12, Haiyan 2nd Road, Xiaogang District, Kaohsiung, TWN

Website

https://www.haikwang.com.tw

Hai Kwang Enterprise Corp manufactures and sells steel products. The company principally engaged in the manufacture and sales of billets and reinforcing steel bars, and real estate rental and leasing business.

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