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Taiwan Pelican Express Co (TPE:2642) Days Payable : 34.86 (As of Jun. 2024)


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What is Taiwan Pelican Express Co Days Payable?

Taiwan Pelican Express Co's average Accounts Payable for the three months ended in Jun. 2024 was NT$346 Mil. Taiwan Pelican Express Co's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$905 Mil. Hence, Taiwan Pelican Express Co's Days Payable for the three months ended in Jun. 2024 was 34.86.

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

TPE:2642' s Days Payable Range Over the Past 10 Years
Min: 25.42   Med: 31.49   Max: 39.32
Current: 34.46

During the past 13 years, Taiwan Pelican Express Co's highest Days Payable was 39.32. The lowest was 25.42. And the median was 31.49.

TPE:2642's Days Payable is ranked worse than
54.11% of 948 companies
in the Transportation industry
Industry Median: 37.445 vs TPE:2642: 34.46

Taiwan Pelican Express Co's Days Payable increased from Jun. 2023 (31.43) to Jun. 2024 (34.86). It may suggest that Taiwan Pelican Express Co delayed paying its suppliers.


Taiwan Pelican Express Co Days Payable Historical Data

The historical data trend for Taiwan Pelican Express 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.

* Premium members only.

Taiwan Pelican Express Co Days Payable Chart

Taiwan Pelican Express Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.92 30.72 31.06 36.23 39.32

Taiwan Pelican Express Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.43 31.83 35.66 36.76 34.86

Competitive Comparison of Taiwan Pelican Express Co's Days Payable

For the Integrated Freight & Logistics subindustry, Taiwan Pelican Express 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 Pelican Express Co's Days Payable Distribution in the Transportation Industry

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

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



Taiwan Pelican Express 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 Pelican Express 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
=( (409.414 + 373.373) / 2 ) / 3633.035*365
=391.3935 / 3633.035*365
=39.32

Taiwan Pelican Express Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (344.12 + 347.066) / 2 ) / 904.648*365 / 4
=345.593 / 904.648*365 / 4
=34.86

* 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.


Taiwan Pelican Express Co Days Payable Related Terms

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Taiwan Pelican Express Co Business Description

Traded in Other Exchanges
N/A
Address
No. 288, Yuantong Road, Zhonghe District, New Taipei City, Taipei, TWN
Taiwan Pelican Express Co Ltd is a logistics business Company engaged in route-permitted truck transportation, home delivery, and other professional logistic delivery services.

Taiwan Pelican Express Co Headlines

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