Tainan Enterprise (Cayman) Co (TPE:5906) Days Payable : 47.43 (As of Mar. 2024)

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What is Tainan Enterprise (Cayman) Co Days Payable?

Tainan Enterprise (Cayman) Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$114 Mil. Tainan Enterprise (Cayman) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$219 Mil. Hence, Tainan Enterprise (Cayman) Co's Days Payable for the three months ended in Mar. 2024 was 47.43.

The historical rank and industry rank for Tainan Enterprise (Cayman) Co's Days Payable or its related term are showing as below:

TPE:5906' s Days Payable Range Over the Past 10 Years
Min: 34.08 Med: 54.91 Max: 70.59
Current: 50.53

During the past 13 years, Tainan Enterprise (Cayman) Co's highest Days Payable was 70.59. The lowest was 34.08. And the median was 54.91.

TPE:5906's Days Payable is ranked worse than
55.18% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs TPE:5906: 50.53

Tainan Enterprise (Cayman) Co's Days Payable declined from Mar. 2023 (52.12) to Mar. 2024 (47.43). It may suggest that Tainan Enterprise (Cayman) Co accelerated paying its suppliers.

Tainan Enterprise (Cayman) Co Days Payable Historical Data

The historical data trend for Tainan Enterprise (Cayman) 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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Tainan Enterprise (Cayman) Co Days Payable Chart

Tainan Enterprise (Cayman) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.08

49.54

68.20

51.00

52.20

Tainan Enterprise (Cayman) 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															52.12	40.21	55.56	60.51	47.43

Competitive Comparison of Tainan Enterprise (Cayman) Co's Days Payable

For the Apparel Manufacturing subindustry, Tainan Enterprise (Cayman) 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.

Tainan Enterprise (Cayman) Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Tainan Enterprise (Cayman) Co's Days Payable falls into.

Tainan Enterprise (Cayman) 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.

Tainan Enterprise (Cayman) 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
=	( (176.013	+	107.525)	/	2 )	/	991.271	*	365
=	141.769					/	991.271	*	365
=	52.20

Tainan Enterprise (Cayman) 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
=	( (107.525	+	120.319)	/	2 )	/	219.152	*	365 / 4
=	113.922					/	219.152	*	365 / 4
=	47.43

Tainan Enterprise (Cayman) Co Days Payable Related Terms

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Tainan Enterprise (Cayman) Co (TPE:5906) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tainan Enterprise (Cayman) Co Ltd (TPE:5906) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Section 2, Dongmen Road, 1st Floor, No. 297, East District, Tainan, TWN

Website

https://www.tainancayman.com

Tainan Enterprise (Cayman) Co Ltd provides clothing products in China. Its products include individualized men's clothing, popular men's clothing, casual men's clothing, and sportswear women's clothing. Its segments include Guanjia; Nelson Sport; Focus Fashion; Overtop Sport and Others.

Tainan Enterprise (Cayman) Co (TPE:5906) Headlines

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