Test Rite International Co (TPE:2908) Days Payable : 88.95 (As of Dec. 2024)

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What is Test Rite International Co Days Payable?

Test Rite International Co's average Accounts Payable for the three months ended in Dec. 2024 was NT$6,436 Mil. Test Rite International Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$6,602 Mil. Hence, Test Rite International Co's Days Payable for the three months ended in Dec. 2024 was 88.95.

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

TPE:2908' s Days Payable Range Over the Past 10 Years
Min: 71.65 Med: 84.65 Max: 91.5
Current: 84.46

During the past 13 years, Test Rite International Co's highest Days Payable was 91.50. The lowest was 71.65. And the median was 84.65.

TPE:2908's Days Payable is ranked better than
67.92% of 1088 companies
in the Retail - Cyclical industry
Industry Median: 54.295 vs TPE:2908: 84.46

Test Rite International Co's Days Payable declined from Dec. 2023 (90.55) to Dec. 2024 (88.95). It may suggest that Test Rite International Co accelerated paying its suppliers.

Test Rite International Co Days Payable Historical Data

The historical data trend for Test Rite International 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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Test Rite International Co Days Payable Chart

Test Rite International Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

Get a 7-Day Free Trial

88.07

91.50

89.41

78.38

82.90

Test Rite International Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															90.55	81.67	79.10	90.49	88.95

Competitive Comparison of Test Rite International Co's Days Payable

For the Home Improvement Retail subindustry, Test Rite International 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.

Test Rite International Co's Days Payable Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Test Rite International Co's Days Payable falls into.

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Test Rite International 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.

Test Rite International Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (5896.186	+	6529.407)	/	2 )	/	27355.397	*	365
=	6212.7965					/	27355.397	*	365
=	82.90

Test Rite International Co's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (6342.127	+	6529.407)	/	2 )	/	6602.032	*	365 / 4
=	6435.767					/	6602.032	*	365 / 4
=	88.95

Test Rite International Co Days Payable Related Terms

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Test Rite International Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Test Rite International Co Ltd (TPE:2908) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Hsin Hu 3rd Road, 6th Floor, Nai Hu District, Taipei, TWN, 114

Website

https://www.testritegroup.com

Test Rite International Co Ltd is a Taiwan-based company that is principally engaged in trading business and retail business. The trading business consists of the import and export of household goods and licensing business, such as DIY hand tools, furniture, electrical appliances, and other household items, and this segment provides products for retailers in a worldwide, like Wal-Mart, Sam's Club, Target, Staples, Office Depot, and Carrefour. The retail business in Taiwan and mainland China refers to the sale and marketing of household items and services directly to consumers. The company also conducts product design, packaging design, as well as logistics and warehousing services. The trading business and retail business jointly account for the majority of the company's total revenue.

Test Rite International Co Headlines

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