Sweeten Real Estate Development Co (TPE:5525) Days Payable : 23.38 (As of Jun. 2024)

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What is Sweeten Real Estate Development Co Days Payable?

Sweeten Real Estate Development Co's average Accounts Payable for the three months ended in Jun. 2024 was NT$375 Mil. Sweeten Real Estate Development Co's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$1,465 Mil. Hence, Sweeten Real Estate Development Co's Days Payable for the three months ended in Jun. 2024 was 23.38.

The historical rank and industry rank for Sweeten Real Estate Development Co's Days Payable or its related term are showing as below:

TPE:5525' s Days Payable Range Over the Past 10 Years
Min: 30.72 Med: 60.7 Max: 171.7
Current: 33.72

During the past 13 years, Sweeten Real Estate Development Co's highest Days Payable was 171.70. The lowest was 30.72. And the median was 60.70.

TPE:5525's Days Payable is ranked worse than
79.23% of 1589 companies
in the Real Estate industry
Industry Median: 100.29 vs TPE:5525: 33.72

Sweeten Real Estate Development Co's Days Payable declined from Jun. 2023 (96.24) to Jun. 2024 (23.38). It may suggest that Sweeten Real Estate Development Co accelerated paying its suppliers.

Sweeten Real Estate Development Co Days Payable Historical Data

The historical data trend for Sweeten Real Estate Development 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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Sweeten Real Estate Development Co Days Payable Chart

Sweeten Real Estate Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.89

78.19

171.70

30.72

37.09

Sweeten Real Estate Development 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															96.24	15.04	262.55	324.40	23.38

Competitive Comparison of Sweeten Real Estate Development Co's Days Payable

For the Real Estate - Development subindustry, Sweeten Real Estate Development 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.

Sweeten Real Estate Development Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sweeten Real Estate Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sweeten Real Estate Development Co's Days Payable falls into.

Sweeten Real Estate Development 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.

Sweeten Real Estate Development 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
=	( (316.331	+	425.804)	/	2 )	/	3651.472	*	365
=	371.0675					/	3651.472	*	365
=	37.09

Sweeten Real Estate Development 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
=	( (350.637	+	400.325)	/	2 )	/	1465.468	*	365 / 4
=	375.481					/	1465.468	*	365 / 4
=	23.38

Sweeten Real Estate Development Co Days Payable Related Terms

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Sweeten Real Estate Development Co Business Description

Industry

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Traded in Other Exchanges

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Address

No. 201, Wenxin Road, 3rd Floor, Section 2, Xitun District, Taichung, TWN

Website

http://www.sweeten.com.tw

Sweeten Real Estate Development Co Ltd is a Taiwan-based constructor. It is mainly engaged in the construction of residential buildings and the leasing and sale of commercial buildings, development and leasing of industrial plants, development of specific professional zones, urban renewal, and leasing of office buildings. The company has three segments namely, Building Dept., the Construction Dept. and the Hotel Dept.

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