Great Taipei Gas (TPE:9908) Days Payable : 31.08 (As of Jun. 2024)

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What is Great Taipei Gas Days Payable?

Great Taipei Gas's average Accounts Payable for the three months ended in Jun. 2024 was NT$202 Mil. Great Taipei Gas's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$592 Mil. Hence, Great Taipei Gas's Days Payable for the three months ended in Jun. 2024 was 31.08.

The historical rank and industry rank for Great Taipei Gas's Days Payable or its related term are showing as below:

TPE:9908' s Days Payable Range Over the Past 10 Years
Min: 28.17 Med: 34.35 Max: 37.9
Current: 28.17

During the past 13 years, Great Taipei Gas's highest Days Payable was 37.90. The lowest was 28.17. And the median was 34.35.

TPE:9908's Days Payable is ranked worse than
86.36% of 506 companies
in the Utilities - Regulated industry
Industry Median: 66.1 vs TPE:9908: 28.17

Great Taipei Gas's Days Payable declined from Jun. 2023 (32.69) to Jun. 2024 (31.08). It may suggest that Great Taipei Gas accelerated paying its suppliers.

Great Taipei Gas Days Payable Historical Data

The historical data trend for Great Taipei Gas'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.

* Premium members only.

Great Taipei Gas Days Payable Chart

Great Taipei Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.74

35.02

36.81

35.20

34.00

Great Taipei Gas Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															32.69	29.61	25.16	30.15	31.08

Competitive Comparison of Great Taipei Gas's Days Payable

For the Utilities - Regulated Gas subindustry, Great Taipei Gas'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.

Great Taipei Gas's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Great Taipei Gas's Days Payable distribution charts can be found below:

* The bar in red indicates where Great Taipei Gas's Days Payable falls into.

Great Taipei Gas 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.

Great Taipei Gas'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
=	( (232.599	+	247.374)	/	2 )	/	2576.434	*	365
=	239.9865					/	2576.434	*	365
=	34.00

Great Taipei Gas's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (225.793	+	177.61)	/	2 )	/	592.162	*	365 / 4
=	201.7015					/	592.162	*	365 / 4
=	31.08

Great Taipei Gas Days Payable Related Terms

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Great Taipei Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Great Taipei Gas Corp (TPE:9908) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 35, Lane 11, Guangfu N. Raod, 5th Floor, Songshan District, Taipei, TWN, 105

Website

https://www.taipeigas.com.tw

Great Taipei Gas Corp is engaged in the supply of gas, the manufacture and supply of gas equipment and related equipment, the marketing of gas equipment, the sale of meters and gauges (gas meters), the Type I telecommunications business, and the office building rental business.

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