Quang Viet Enterprise Co (TPE:4438) Days Payable : 39.02 (As of Mar. 2024)

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What is Quang Viet Enterprise Co Days Payable?

Quang Viet Enterprise Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$938 Mil. Quang Viet Enterprise Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,194 Mil. Hence, Quang Viet Enterprise Co's Days Payable for the three months ended in Mar. 2024 was 39.02.

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

TPE:4438' s Days Payable Range Over the Past 10 Years
Min: 15.89 Med: 18.91 Max: 25.33
Current: 23.84

During the past 12 years, Quang Viet Enterprise Co's highest Days Payable was 25.33. The lowest was 15.89. And the median was 18.91.

TPE:4438's Days Payable is ranked worse than
81.67% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.16 vs TPE:4438: 23.84

Quang Viet Enterprise Co's Days Payable declined from Mar. 2023 (42.73) to Mar. 2024 (39.02). It may suggest that Quang Viet Enterprise Co accelerated paying its suppliers.

Quang Viet Enterprise Co Days Payable Historical Data

The historical data trend for Quang Viet Enterprise 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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Quang Viet Enterprise Co Days Payable Chart

Quang Viet Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

17.19

21.18

25.33

19.62

21.58

Quang Viet Enterprise 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															42.73	24.36	12.79	24.60	39.02

Competitive Comparison of Quang Viet Enterprise Co's Days Payable

For the Apparel Manufacturing subindustry, Quang Viet Enterprise 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.

Quang Viet Enterprise Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Quang Viet Enterprise Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Quang Viet Enterprise Co's Days Payable falls into.

Quang Viet Enterprise 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.

Quang Viet Enterprise 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
=	( (961.01	+	702.389)	/	2 )	/	14066.818	*	365
=	831.6995					/	14066.818	*	365
=	21.58

Quang Viet Enterprise 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
=	( (702.389	+	1174.163)	/	2 )	/	2194.072	*	365 / 4
=	938.276					/	2194.072	*	365 / 4
=	39.02

Quang Viet Enterprise Co Days Payable Related Terms

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Quang Viet Enterprise Co (TPE:4438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Quang Viet Enterprise Co Ltd (TPE:4438) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 607, Ruiguang Road, 6th Floor, Neihu District, Taipei, TWN, 11492

Website

http://www.qve.com.tw

Quang Viet Enterprise Co Ltd is a garment supplying company. The company is engaged in the manufacturing, processing, and sale of garments and raw materials. The company generates the majority of its revenue from the Garment segment. The products of the company include Down jackets, Fiberfill jackets, Light jackets & parkas, and Others. The company's geographical segments are North America, China, Europe, Japan, Russia, and Others.

Quang Viet Enterprise Co (TPE:4438) Headlines

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