Cheng Shin Rubber Industry Co (TPE:2105) Days Payable : 34.41 (As of Sep. 2024)

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What is Cheng Shin Rubber Industry Co Days Payable?

Cheng Shin Rubber Industry Co's average Accounts Payable for the three months ended in Sep. 2024 was NT$7,280 Mil. Cheng Shin Rubber Industry Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$19,305 Mil. Hence, Cheng Shin Rubber Industry Co's Days Payable for the three months ended in Sep. 2024 was 34.41.

The historical rank and industry rank for Cheng Shin Rubber Industry Co's Days Payable or its related term are showing as below:

TPE:2105' s Days Payable Range Over the Past 10 Years
Min: 31.52 Med: 34.94 Max: 46.5
Current: 46.5

During the past 13 years, Cheng Shin Rubber Industry Co's highest Days Payable was 46.50. The lowest was 31.52. And the median was 34.94.

TPE:2105's Days Payable is ranked worse than
67.71% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 66.34 vs TPE:2105: 46.50

Cheng Shin Rubber Industry Co's Days Payable increased from Jun. 2023 (31.93) to Sep. 2024 (34.41). It may suggest that Cheng Shin Rubber Industry Co delayed paying its suppliers.

Cheng Shin Rubber Industry Co Days Payable Historical Data

The historical data trend for Cheng Shin Rubber Industry 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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Cheng Shin Rubber Industry Co Days Payable Chart

Cheng Shin Rubber Industry Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

37.54

35.73

41.03

36.84

34.55

Cheng Shin Rubber Industry Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															31.93	31.09	34.75	34.29	34.41

Competitive Comparison of Cheng Shin Rubber Industry Co's Days Payable

For the Auto Parts subindustry, Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Cheng Shin Rubber Industry Co's Days Payable falls into.

Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (7536.483	+	7163.658)	/	2 )	/	77639.71	*	365
=	7350.0705					/	77639.71	*	365
=	34.55

Cheng Shin Rubber Industry 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
=	( (7043.163	+	7516.471)	/	2 )	/	19305.423	*	365 / 4
=	7279.817					/	19305.423	*	365 / 4
=	34.41

Cheng Shin Rubber Industry Co Days Payable Related Terms

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Cheng Shin Rubber Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cheng Shin Rubber Industry Co Ltd (TPE:2105) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 215, Meigang Road, Dacun Township, Changhua, TWN, 51545

Website

https://www.cst.com.tw

Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and others. The Business organization is divided into Cheng Shin (Taiwan), MAXXIS (Taiwan) Trading, Cheng Shin (Xiamen), Cheng Shin (China), Petrel (Xiamen), Cheng Shin (Thailand), and other segments based on the nature of each company. The main sources of sales revenue are from manufacturing and sales of bicycle tires, electrical vehicle tires, reclaimed rubber, etc.. Its geographical segments are Taiwan, China, the United States, and Others.

Cheng Shin Rubber Industry Co Headlines

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