Highwealth Construction (TPE:2542) Days Payable : 154.72 (As of Dec. 2023)

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What is Highwealth Construction Days Payable?

Highwealth Construction's average Accounts Payable for the three months ended in Dec. 2023 was NT$8,135 Mil. Highwealth Construction's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$4,798 Mil. Hence, Highwealth Construction's Days Payable for the three months ended in Dec. 2023 was 154.72.

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

TPE:2542' s Days Payable Range Over the Past 10 Years
Min: 72.88 Med: 107.01 Max: 170.93
Current: 90.78

During the past 13 years, Highwealth Construction's highest Days Payable was 170.93. The lowest was 72.88. And the median was 107.01.

TPE:2542's Days Payable is ranked worse than
52.29% of 1570 companies
in the Real Estate industry
Industry Median: 97.275 vs TPE:2542: 90.78

Highwealth Construction's Days Payable increased from Dec. 2022 (63.01) to Dec. 2023 (154.72). It may suggest that Highwealth Construction delayed paying its suppliers.

Highwealth Construction Days Payable Historical Data

The historical data trend for Highwealth Construction'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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Highwealth Construction Days Payable Chart

Highwealth Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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129.38

128.24

81.17

157.89

112.26

Highwealth Construction Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															63.01	99.67	112.03	44.46	154.72

Competitive Comparison of Highwealth Construction's Days Payable

For the Real Estate - Development subindustry, Highwealth Construction'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.

Highwealth Construction's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Highwealth Construction's Days Payable distribution charts can be found below:

* The bar in red indicates where Highwealth Construction's Days Payable falls into.

Highwealth Construction 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.

Highwealth Construction'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
=	( (8014.11	+	9608.068)	/	2 )	/	28647.295	*	365
=	8811.089					/	28647.295	*	365
=	112.26

Highwealth Construction's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6661.847	+	9608.068)	/	2 )	/	4797.647	*	365 / 4
=	8134.9575					/	4797.647	*	365 / 4
=	154.72

Highwealth Construction Days Payable Related Terms

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Highwealth Construction (TPE:2542) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Highwealth Construction Corp (TPE:2542) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.267, Lequn 2nd Road, 10th Floor, Zhongshan District, Taipei, TWN, 10491

Website

https://www.highwealth.com.tw

Highwealth Construction Corp is engaged in the business of construction, sales, and leasing of residential and commercial buildings. Geographically the activities are carried out in Taiwan. The firm has three segments: Developing; Constructing, Department stores, and hotel. The developing segment that derives the majority of revenue is responsible for developing new construction or rental opportunities. Constructing segment is responsible for constructing buildings. Department stores and hotel segment manage department stores, supermarkets, and operating a hotel and catering services.

Highwealth Construction (TPE:2542) Headlines

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