Success Prime (TPE:2496) Days Payable : 22.04 (As of Dec. 2024)

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What is Success Prime Days Payable?

Success Prime's average Accounts Payable for the three months ended in Dec. 2024 was NT$24.7 Mil. Success Prime's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$102.2 Mil. Hence, Success Prime's Days Payable for the three months ended in Dec. 2024 was 22.04.

The historical rank and industry rank for Success Prime's Days Payable or its related term are showing as below:

TPE:2496' s Days Payable Range Over the Past 10 Years
Min: 15.24 Med: 22.96 Max: 40.27
Current: 22.48

During the past 13 years, Success Prime's highest Days Payable was 40.27. The lowest was 15.24. And the median was 22.96.

TPE:2496's Days Payable is ranked worse than
59.91% of 217 companies
in the Education industry
Industry Median: 36.72 vs TPE:2496: 22.48

Success Prime's Days Payable declined from Dec. 2023 (22.75) to Dec. 2024 (22.04). It may suggest that Success Prime accelerated paying its suppliers.

Success Prime Days Payable Historical Data

The historical data trend for Success Prime'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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Success Prime Days Payable Chart

Success Prime Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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20.38

22.56

23.52

24.65

23.71

Success Prime 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															22.75	24.64	21.19	21.08	22.04

Competitive Comparison of Success Prime's Days Payable

For the Education & Training Services subindustry, Success Prime'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.

Success Prime's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Success Prime's Days Payable distribution charts can be found below:

* The bar in red indicates where Success Prime's Days Payable falls into.

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Success Prime 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.

Success Prime'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
=	( (25.124	+	24.237)	/	2 )	/	379.872	*	365
=	24.6805					/	379.872	*	365
=	23.71

Success Prime'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
=	( (25.15	+	24.237)	/	2 )	/	102.226	*	365 / 4
=	24.6935					/	102.226	*	365 / 4
=	22.04

Success Prime Days Payable Related Terms

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Success Prime Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Success Prime Corp (TPE:2496) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 50, Section 1, Zhongxiao West Road, 22nd Floor -11, Zhongzheng District, Taipei, TWN

Website

https://www.chenliedu2496.com/tw

Success Prime Corp is focused on the management of tutorial academy teachers and curriculum education services. The company earns the maximum of its revenue from educational services and consultancy.

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