Forest Water Environmental Eng'g Co (TPE:8473) Days Payable : 154.89 (As of Mar. 2024)

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What is Forest Water Environmental Eng'g Co Days Payable?

Forest Water Environmental Eng'g Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$745 Mil. Forest Water Environmental Eng'g Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$439 Mil. Hence, Forest Water Environmental Eng'g Co's Days Payable for the three months ended in Mar. 2024 was 154.89.

The historical rank and industry rank for Forest Water Environmental Eng'g Co's Days Payable or its related term are showing as below:

TPE:8473' s Days Payable Range Over the Past 10 Years
Min: 36.73 Med: 75.98 Max: 110.89
Current: 110.89

During the past 12 years, Forest Water Environmental Eng'g Co's highest Days Payable was 110.89. The lowest was 36.73. And the median was 75.98.

TPE:8473's Days Payable is ranked better than
62.5% of 224 companies
in the Waste Management industry
Industry Median: 75.725 vs TPE:8473: 110.89

Forest Water Environmental Eng'g Co's Days Payable increased from Mar. 2023 (93.11) to Mar. 2024 (154.89). It may suggest that Forest Water Environmental Eng'g Co delayed paying its suppliers.

Forest Water Environmental Eng'g Co Days Payable Historical Data

The historical data trend for Forest Water Environmental Eng'g 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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Forest Water Environmental Eng'g Co Days Payable Chart

Forest Water Environmental Eng'g Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.59

84.99

105.16

82.08

103.45

Forest Water Environmental Eng'g 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															93.11	88.98	127.53	108.39	154.89

Competitive Comparison of Forest Water Environmental Eng'g Co's Days Payable

For the Waste Management subindustry, Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g Co's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Forest Water Environmental Eng'g Co's Days Payable falls into.

Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g 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
=	( (880.561	+	854.368)	/	2 )	/	3060.58	*	365
=	867.4645					/	3060.58	*	365
=	103.45

Forest Water Environmental Eng'g 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
=	( (854.368	+	635.129)	/	2 )	/	438.757	*	365 / 4
=	744.7485					/	438.757	*	365 / 4
=	154.89

Forest Water Environmental Eng'g Co Days Payable Related Terms

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Forest Water Environmental Eng'g Co (TPE:8473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Forest Water Environmental Eng'g Co Ltd (TPE:8473) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 99 Jilin Road, 3rd Floor, Zhongshan District, Taipei, TWN

Website

https://www.mfw.com.tw

Forest Water Environmental Eng'g Co Ltd is engaged in desalination engineering, wastewater recycling & reuse and water purification process, and sewage treatment. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.

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