Tong Ming Enterprise Co (TPE:5538) Days Payable : 15.29 (As of Mar. 2024)

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What is Tong Ming Enterprise Co Days Payable?

Tong Ming Enterprise Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$376 Mil. Tong Ming Enterprise Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,245 Mil. Hence, Tong Ming Enterprise Co's Days Payable for the three months ended in Mar. 2024 was 15.29.

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

TPE:5538' s Days Payable Range Over the Past 10 Years
Min: 7.44 Med: 12.52 Max: 17.12
Current: 15.86

During the past 13 years, Tong Ming Enterprise Co's highest Days Payable was 17.12. The lowest was 7.44. And the median was 12.52.

TPE:5538's Days Payable is ranked worse than
84.64% of 586 companies
in the Steel industry
Industry Median: 41.305 vs TPE:5538: 15.86

Tong Ming Enterprise Co's Days Payable declined from Mar. 2023 (18.48) to Mar. 2024 (15.29). It may suggest that Tong Ming Enterprise Co accelerated paying its suppliers.

Tong Ming Enterprise Co Days Payable Historical Data

The historical data trend for Tong Ming 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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Tong Ming Enterprise Co Days Payable Chart

Tong Ming Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.12

14.73

13.12

15.12

15.07

Tong Ming 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															18.48	16.03	16.65	13.68	15.29

Competitive Comparison of Tong Ming Enterprise Co's Days Payable

For the Steel subindustry, Tong Ming 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.

Tong Ming Enterprise Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's Days Payable distribution charts can be found below:

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

Tong Ming 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.

Tong Ming 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
=	( (611.764	+	378.685)	/	2 )	/	11998.06	*	365
=	495.2245					/	11998.06	*	365
=	15.07

Tong Ming 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
=	( (378.685	+	373.874)	/	2 )	/	2245.003	*	365 / 4
=	376.2795					/	2245.003	*	365 / 4
=	15.29

Tong Ming Enterprise Co Days Payable Related Terms

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Tong Ming Enterprise Co (TPE:5538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tong Ming Enterprise Co Ltd (TPE:5538) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Changsheng East Road, Economic Development Zone, Zhejiang Province, Jiaxing, CHN, 314003

Website

http://www.the.com.cn

Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. It derives the maximum revenue from Fasteners products. Geographically, the company operates in China. It serves industries such as curtain wall, high-speed rail, communication, new energy, shipbuilding, and foreign engineering projects.

Tong Ming Enterprise Co (TPE:5538) Headlines

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