Taiwan Navigation Co (TPE:2617) Days Payable : 22.71 (As of Mar. 2024)

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What is Taiwan Navigation Co Days Payable?

Taiwan Navigation Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$147 Mil. Taiwan Navigation Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$592 Mil. Hence, Taiwan Navigation Co's Days Payable for the three months ended in Mar. 2024 was 22.71.

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

TPE:2617' s Days Payable Range Over the Past 10 Years
Min: 20.7 Med: 25.56 Max: 33.26
Current: 23.25

During the past 13 years, Taiwan Navigation Co's highest Days Payable was 33.26. The lowest was 20.70. And the median was 25.56.

TPE:2617's Days Payable is ranked worse than
75.7% of 934 companies
in the Transportation industry
Industry Median: 38.63 vs TPE:2617: 23.25

Taiwan Navigation Co's Days Payable declined from Mar. 2023 (29.56) to Mar. 2024 (22.71). It may suggest that Taiwan Navigation Co accelerated paying its suppliers.

Taiwan Navigation Co Days Payable Historical Data

The historical data trend for Taiwan Navigation 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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Taiwan Navigation Co Days Payable Chart

Taiwan Navigation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.67

23.20

20.70

24.84

27.48

Taiwan Navigation Co 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															29.56	25.19	22.64	22.50	22.71

Competitive Comparison of Taiwan Navigation Co's Days Payable

For the Marine Shipping subindustry, Taiwan Navigation 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.

Taiwan Navigation Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Taiwan Navigation Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Taiwan Navigation Co's Days Payable falls into.

Taiwan Navigation 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.

Taiwan Navigation 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
=	( (221.161	+	162.787)	/	2 )	/	2549.642	*	365
=	191.974					/	2549.642	*	365
=	27.48

Taiwan Navigation Co'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
=	( (162.787	+	131.72)	/	2 )	/	591.78	*	365 / 4
=	147.2535					/	591.78	*	365 / 4
=	22.71

Taiwan Navigation Co Days Payable Related Terms

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Taiwan Navigation Co (TPE:2617) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taiwan Navigation Co Ltd (TPE:2617) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 29, Jinan Road, Section 2, 2-6 Floor, Taipei, TWN, 100

Website

https://www.taiwanline.com.tw

Taiwan Navigation Co Ltd is a Taiwan based company, engages in the provision of shipping related services. It is engaged in passenger and freight transport via water, port warehousing, aquatic sand mining, and navigation channel dredging and also acts as a shipping agency, provides tugboats, and acts as a land owner in agreements with construction companies for the use of its land for the construction of residential and commercial buildings for sale and rental.

Taiwan Navigation Co (TPE:2617) Headlines

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