Formosa International Hotels (TPE:2707) Days Payable : 20.08 (As of Mar. 2024)

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What is Formosa International Hotels Days Payable?

Formosa International Hotels's average Accounts Payable for the three months ended in Mar. 2024 was NT$238 Mil. Formosa International Hotels's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,081 Mil. Hence, Formosa International Hotels's Days Payable for the three months ended in Mar. 2024 was 20.08.

The historical rank and industry rank for Formosa International Hotels's Days Payable or its related term are showing as below:

TPE:2707' s Days Payable Range Over the Past 10 Years
Min: 19.15 Med: 24.5 Max: 25.57
Current: 19.15

During the past 13 years, Formosa International Hotels's highest Days Payable was 25.57. The lowest was 19.15. And the median was 24.50.

TPE:2707's Days Payable is ranked worse than
83.24% of 752 companies
in the Travel & Leisure industry
Industry Median: 59.82 vs TPE:2707: 19.15

Formosa International Hotels's Days Payable declined from Mar. 2023 (20.56) to Mar. 2024 (20.08). It may suggest that Formosa International Hotels accelerated paying its suppliers.

Formosa International Hotels Days Payable Historical Data

The historical data trend for Formosa International Hotels'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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Formosa International Hotels Days Payable Chart

Formosa International Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.65

24.99

24.77

24.68

22.88

Formosa International Hotels 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															20.56	19.01	18.31	19.74	20.08

Competitive Comparison of Formosa International Hotels's Days Payable

For the Lodging subindustry, Formosa International Hotels'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.

Formosa International Hotels's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Formosa International Hotels's Days Payable distribution charts can be found below:

* The bar in red indicates where Formosa International Hotels's Days Payable falls into.

Formosa International Hotels 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.

Formosa International Hotels'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
=	( (281.204	+	251.744)	/	2 )	/	4250.9	*	365
=	266.474					/	4250.9	*	365
=	22.88

Formosa International Hotels'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
=	( (251.744	+	223.926)	/	2 )	/	1080.851	*	365 / 4
=	237.835					/	1080.851	*	365 / 4
=	20.08

Formosa International Hotels Days Payable Related Terms

Thank you for viewing the detailed overview of Formosa International Hotels's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Formosa International Hotels (TPE:2707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Formosa International Hotels Corp (TPE:2707) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Lane 39, Chung-Shan North Road, Section 2, 1-20th Floor, Taipei, TWN, 104

Website

https://www.silkshotelgroup.com

Formosa International Hotels Corporation is a lodging and hospitality company. The company provides services in four business segments, including the Housekeeping segment, Food and Beverage segment, Rental segment, and Operation Management segment. The hotel segment operates the branded Regent Hotels and Resort chain, primarily in the Asian market. Furthermore, the company operates Silks Place, the premium hotel line, and Just Sleep, the company's convenience hotel line. The restaurant business segment operates numerous restaurant chains which include Garden Villa and Just Italian.

Formosa International Hotels (TPE:2707) Headlines

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