New Asia Construction & Development (TPE:2516) Days Payable : 138.19 (As of Mar. 2024)

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What is New Asia Construction & Development Days Payable?

New Asia Construction & Development's average Accounts Payable for the three months ended in Mar. 2024 was NT$2,878 Mil. New Asia Construction & Development's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,901 Mil. Hence, New Asia Construction & Development's Days Payable for the three months ended in Mar. 2024 was 138.19.

The historical rank and industry rank for New Asia Construction & Development's Days Payable or its related term are showing as below:

TPE:2516' s Days Payable Range Over the Past 10 Years
Min: 95.06 Med: 125.43 Max: 147.01
Current: 120.5

During the past 13 years, New Asia Construction & Development's highest Days Payable was 147.01. The lowest was 95.06. And the median was 125.43.

TPE:2516's Days Payable is ranked better than
70.39% of 1604 companies
in the Construction industry
Industry Median: 74.31 vs TPE:2516: 120.50

New Asia Construction & Development's Days Payable increased from Mar. 2023 (126.06) to Mar. 2024 (138.19). It may suggest that New Asia Construction & Development delayed paying its suppliers.

New Asia Construction & Development Days Payable Historical Data

The historical data trend for New Asia Construction & Development'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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New Asia Construction & Development Days Payable Chart

New Asia Construction & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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147.01

137.27

111.83

122.67

127.11

New Asia Construction & Development 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															126.06	133.76	112.84	109.73	138.19

Competitive Comparison of New Asia Construction & Development's Days Payable

For the Engineering & Construction subindustry, New Asia Construction & Development'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.

New Asia Construction & Development's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, New Asia Construction & Development's Days Payable distribution charts can be found below:

* The bar in red indicates where New Asia Construction & Development's Days Payable falls into.

New Asia Construction & Development 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.

New Asia Construction & Development'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
=	( (2696.546	+	3096.871)	/	2 )	/	8318.074	*	365
=	2896.7085					/	8318.074	*	365
=	127.11

New Asia Construction & Development'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
=	( (3096.871	+	2659.458)	/	2 )	/	1900.544	*	365 / 4
=	2878.1645					/	1900.544	*	365 / 4
=	138.19

New Asia Construction & Development Days Payable Related Terms

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New Asia Construction & Development (TPE:2516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » New Asia Construction & Development Corp (TPE:2516) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

N0. 760, Section 4, Bade Road,, 15,16th floor,, Songshan District, Taipei, TWN

Website

http://www.newasia.com.tw

New Asia Construction & Development Corp operates in the engineering and construction industry. The company is engaged in the construction of heavy equipment needed for civil engineering, development business related to land and community, construction, leasing, or selling of heavy equipment and public housing, and office buildings and repairs. The company is also engaged in manufacturing and selling ready mixed concrete and asphalt concrete and investment.

New Asia Construction & Development (TPE:2516) Headlines

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