Sunny Friend Environmental Technology Co (TPE:8341) Days Payable : 24.46 (As of Mar. 2024)

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What is Sunny Friend Environmental Technology Co Days Payable?

Sunny Friend Environmental Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$135 Mil. Sunny Friend Environmental Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$502 Mil. Hence, Sunny Friend Environmental Technology Co's Days Payable for the three months ended in Mar. 2024 was 24.46.

The historical rank and industry rank for Sunny Friend Environmental Technology Co's Days Payable or its related term are showing as below:

TPE:8341' s Days Payable Range Over the Past 10 Years
Min: 10.76 Med: 17.99 Max: 28.57
Current: 24.18

During the past 13 years, Sunny Friend Environmental Technology Co's highest Days Payable was 28.57. The lowest was 10.76. And the median was 17.99.

TPE:8341's Days Payable is ranked worse than
84.51% of 226 companies
in the Waste Management industry
Industry Median: 72.98 vs TPE:8341: 24.18

Sunny Friend Environmental Technology Co's Days Payable declined from Mar. 2023 (29.41) to Mar. 2024 (24.46). It may suggest that Sunny Friend Environmental Technology Co accelerated paying its suppliers.

Sunny Friend Environmental Technology Co Days Payable Historical Data

The historical data trend for Sunny Friend Environmental Technology 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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Sunny Friend Environmental Technology Co Days Payable Chart

Sunny Friend Environmental Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.53

17.84

18.35

23.30

28.57

Sunny Friend Environmental Technology 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															29.41	24.92	21.93	23.36	24.46

Competitive Comparison of Sunny Friend Environmental Technology Co's Days Payable

For the Waste Management subindustry, Sunny Friend Environmental Technology 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.

Sunny Friend Environmental Technology Co's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Sunny Friend Environmental Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sunny Friend Environmental Technology Co's Days Payable falls into.

Sunny Friend Environmental Technology 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.

Sunny Friend Environmental Technology 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
=	( (170.341	+	129.393)	/	2 )	/	1914.637	*	365
=	149.867					/	1914.637	*	365
=	28.57

Sunny Friend Environmental Technology 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
=	( (129.393	+	139.946)	/	2 )	/	502.361	*	365 / 4
=	134.6695					/	502.361	*	365 / 4
=	24.46

Sunny Friend Environmental Technology Co Days Payable Related Terms

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Sunny Friend Environmental Technology Co (TPE:8341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Sunny Friend Environmental Technology Co (TPE:8341) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1-20, Yuan Dong Road, Yuanchang Township, Yunlin County, TWN, 655

Website

https://www.sunnyfriend.com.tw

Sunny Friend Environmental Technology Co operates medical waste treatment plants. It uses technology to handle various types of hazardous waste and collects, incinerates, solidifies, and develops solutions to streamline disposal. Various subsidiaries are in Asia to provide services to medical institutions, dispose of batteries, and offer waste treatment and engineering consultations. The company works to recover materials from waste, recycle resources, and conduct environmental tests to discover innovative solutions. Removal vehicles improve communication with customers and are fully equipped to monitor and transmit all cleaning and incineration records back to Sunny Friend's data centers. It generates the majority of its revenue from waste disposal.

Sunny Friend Environmental Technology Co (TPE:8341) Headlines

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