Lu Hai Holding (TPE:2115) Days Payable : 41.45 (As of Mar. 2024)

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What is Lu Hai Holding Days Payable?

Lu Hai Holding's average Accounts Payable for the three months ended in Mar. 2024 was NT$259 Mil. Lu Hai Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$570 Mil. Hence, Lu Hai Holding's Days Payable for the three months ended in Mar. 2024 was 41.45.

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

TPE:2115' s Days Payable Range Over the Past 10 Years
Min: 37.61 Med: 43.28 Max: 54.48
Current: 40.38

During the past 13 years, Lu Hai Holding's highest Days Payable was 54.48. The lowest was 37.61. And the median was 43.28.

TPE:2115's Days Payable is ranked worse than
75.47% of 1264 companies
in the Vehicles & Parts industry
Industry Median: 66.61 vs TPE:2115: 40.38

Lu Hai Holding's Days Payable declined from Mar. 2023 (47.75) to Mar. 2024 (41.45). It may suggest that Lu Hai Holding accelerated paying its suppliers.

Lu Hai Holding Days Payable Historical Data

The historical data trend for Lu Hai Holding'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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Lu Hai Holding Days Payable Chart

Lu Hai Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.48

54.48

40.97

37.61

43.67

Lu Hai Holding 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															47.75	38.56	35.88	42.31	41.45

Competitive Comparison of Lu Hai Holding's Days Payable

For the Auto Parts subindustry, Lu Hai Holding'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.

Lu Hai Holding's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lu Hai Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Lu Hai Holding's Days Payable falls into.

Lu Hai Holding 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.

Lu Hai Holding'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
=	( (242.21	+	250.627)	/	2 )	/	2059.829	*	365
=	246.4185					/	2059.829	*	365
=	43.67

Lu Hai Holding'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
=	( (250.627	+	267.313)	/	2 )	/	570.041	*	365 / 4
=	258.97					/	570.041	*	365 / 4
=	41.45

Lu Hai Holding Days Payable Related Terms

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Lu Hai Holding (TPE:2115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lu Hai Holding Corp (TPE:2115) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 64, Shing-Kong 5th Road, Tien-Chung Industrial District, Tien-Chung, Chang-Hua, TWN

Website

https://www.luhai.com.tw

Lu Hai Holding Corp operates in the auto parts industry. It is engaged in the production, processing and sale of tire valves and accessories The company serves the tire, automobile, truck and agriculture vehicles industry.

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