First Steamship Co (TPE:2601) Days Payable : 177.48 (As of Sep. 2024)

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What is First Steamship Co Days Payable?

First Steamship Co's average Accounts Payable for the three months ended in Sep. 2024 was NT$784 Mil. First Steamship Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$403 Mil. Hence, First Steamship Co's Days Payable for the three months ended in Sep. 2024 was 177.48.

The historical rank and industry rank for First Steamship Co's Days Payable or its related term are showing as below:

TPE:2601' s Days Payable Range Over the Past 10 Years
Min: 198.09 Med: 540.21 Max: 939.54
Current: 198.09

During the past 13 years, First Steamship Co's highest Days Payable was 939.54. The lowest was 198.09. And the median was 540.21.

TPE:2601's Days Payable is ranked better than
91.04% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 52.82 vs TPE:2601: 198.09

First Steamship Co's Days Payable declined from Sep. 2023 (203.19) to Sep. 2024 (177.48). It may suggest that First Steamship Co accelerated paying its suppliers.

First Steamship Co Days Payable Historical Data

The historical data trend for First Steamship 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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First Steamship Co Days Payable Chart

First Steamship Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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459.94

347.20

317.99

271.33

216.13

First Steamship Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															203.19	207.86	230.42	201.94	177.48

Competitive Comparison of First Steamship Co's Days Payable

For the Department Stores subindustry, First Steamship 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.

First Steamship Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, First Steamship Co's Days Payable distribution charts can be found below:

* The bar in red indicates where First Steamship Co's Days Payable falls into.

First Steamship 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.

First Steamship Co'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
=	( (970.94	+	1272.029)	/	2 )	/	1893.928	*	365
=	1121.4845					/	1893.928	*	365
=	216.13

First Steamship 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
=	( (881.577	+	687.316)	/	2 )	/	403.321	*	365 / 4
=	784.4465					/	403.321	*	365 / 4
=	177.48

First Steamship Co Days Payable Related Terms

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First Steamship Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » First Steamship Co Ltd (TPE:2601) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Fuxing S. Road, 14th Floor, No.237, Section 2, Daan District, Taipei, TWN, 106

Website

https://www.firsteam.com.tw

First Steamship Co Ltd is Taiwan Taiwan-based company whose business activities include providing domestic and international marine transportation and related businesses, wholesale of vessels and related components, car and equipment rental, business management consultancy, department store retail industry, domestic and foreign investments, as well as development, rental, and sale of both residential and commercial buildings. It has the following reportable segments: Marine Transportation, Investment, Department Store, and the Rental segment. A majority of its revenue is generated from the Department Store segment which mainly retails general merchandise. The company's geographical markets include Taiwan, Mainland China, which derives key revenue, and other countries.

First Steamship Co Headlines

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