Thye Ming Industrial Co (TPE:9927) Days Payable : 7.37 (As of Mar. 2024)

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What is Thye Ming Industrial Co Days Payable?

Thye Ming Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$145 Mil. Thye Ming Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,799 Mil. Hence, Thye Ming Industrial Co's Days Payable for the three months ended in Mar. 2024 was 7.37.

The historical rank and industry rank for Thye Ming Industrial Co's Days Payable or its related term are showing as below:

TPE:9927' s Days Payable Range Over the Past 10 Years
Min: 5.2 Med: 6.47 Max: 10.18
Current: 6.92

During the past 13 years, Thye Ming Industrial Co's highest Days Payable was 10.18. The lowest was 5.20. And the median was 6.47.

TPE:9927's Days Payable is ranked worse than
98.4% of 1064 companies
in the Metals & Mining industry
Industry Median: 137.515 vs TPE:9927: 6.92

Thye Ming Industrial Co's Days Payable declined from Mar. 2023 (7.76) to Mar. 2024 (7.37). It may suggest that Thye Ming Industrial Co accelerated paying its suppliers.

Thye Ming Industrial Co Days Payable Historical Data

The historical data trend for Thye Ming Industrial 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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Thye Ming Industrial Co Days Payable Chart

Thye Ming Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

8.23

10.18

9.06

7.41

6.75

Thye Ming Industrial 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															7.76	6.93	6.39	6.69	7.37

Competitive Comparison of Thye Ming Industrial Co's Days Payable

For the Other Industrial Metals & Mining subindustry, Thye Ming Industrial 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.

Thye Ming Industrial Co's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Thye Ming Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Thye Ming Industrial Co's Days Payable falls into.

Thye Ming Industrial 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.

Thye Ming Industrial 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
=	( (139.586	+	149.497)	/	2 )	/	7818.245	*	365
=	144.5415					/	7818.245	*	365
=	6.75

Thye Ming Industrial 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
=	( (149.497	+	140.958)	/	2 )	/	1798.878	*	365 / 4
=	145.2275					/	1798.878	*	365 / 4
=	7.37

Thye Ming Industrial Co Days Payable Related Terms

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Thye Ming Industrial Co (TPE:9927) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thye Ming Industrial Co Ltd (TPE:9927) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Chu Kuang 3 Street, Tafa Industiral Area, Kaohsiung, TWN

Website

http://www.tmicl.com.tw

Thye Ming Industrial Co Ltd manufactures and sells the following products: lead antimony alloy, lead calcium alloy, yellow and red lead. The company also provides general business waste recycling and regeneration services.

Thye Ming Industrial Co (TPE:9927) Headlines

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