Shin Foong Specialty and Applied Materials Co (TPE:6582) Days Payable : 32.68 (As of Mar. 2024)

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What is Shin Foong Specialty and Applied Materials Co Days Payable?

Shin Foong Specialty and Applied Materials Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$77.3 Mil. Shin Foong Specialty and Applied Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$215.8 Mil. Hence, Shin Foong Specialty and Applied Materials Co's Days Payable for the three months ended in Mar. 2024 was 32.68.

The historical rank and industry rank for Shin Foong Specialty and Applied Materials Co's Days Payable or its related term are showing as below:

TPE:6582' s Days Payable Range Over the Past 10 Years
Min: 23.08 Med: 38.69 Max: 46.23
Current: 24.57

During the past 10 years, Shin Foong Specialty and Applied Materials Co's highest Days Payable was 46.23. The lowest was 23.08. And the median was 38.69.

TPE:6582's Days Payable is ranked worse than
86.24% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs TPE:6582: 24.57

Shin Foong Specialty and Applied Materials Co's Days Payable increased from Mar. 2023 (19.07) to Mar. 2024 (32.68). It may suggest that Shin Foong Specialty and Applied Materials Co delayed paying its suppliers.

Shin Foong Specialty and Applied Materials Co Days Payable Historical Data

The historical data trend for Shin Foong Specialty and Applied Materials 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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Shin Foong Specialty and Applied Materials Co Days Payable Chart

Shin Foong Specialty and Applied Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

39.56

46.23

31.73

33.61

23.08

Shin Foong Specialty and Applied Materials 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															19.07	19.98	23.73	21.37	32.68

Competitive Comparison of Shin Foong Specialty and Applied Materials Co's Days Payable

For the Specialty Chemicals subindustry, Shin Foong Specialty and Applied Materials 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.

Shin Foong Specialty and Applied Materials Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shin Foong Specialty and Applied Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shin Foong Specialty and Applied Materials Co's Days Payable falls into.

Shin Foong Specialty and Applied Materials 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.

Shin Foong Specialty and Applied Materials 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
=	( (32.687	+	77.717)	/	2 )	/	872.982	*	365
=	55.202					/	872.982	*	365
=	23.08

Shin Foong Specialty and Applied Materials 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
=	( (77.717	+	76.876)	/	2 )	/	215.802	*	365 / 4
=	77.2965					/	215.802	*	365 / 4
=	32.68

Shin Foong Specialty and Applied Materials Co Days Payable Related Terms

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Shin Foong Specialty and Applied Materials Co (TPE:6582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shin Foong Specialty and Applied Materials Co (TPE:6582) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.55, Section 3, Zhongshan Road, Ping Tung, Fangliao, TWN, 80247

Website

https://www.shinfoong.com.tw

Shin Foong Specialty and Applied Materials Co is engaged in manufacturing synthetic SBR and NBR rubber latex. Its products are used in paper coating, adhesive for carpet, fabrics, wood, non-woven and innersole saturation, cement mortar, and glove dipping. Its products used in paper coating, carpet backing, non-woven and innersole saturation, veneer adhesion, and cement mortar.

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