Smart Asia Chemical Bhd (XKLS:0306) Days Payable : 95.52 (As of Jun. 2024)

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What is Smart Asia Chemical Bhd Days Payable?

Smart Asia Chemical Bhd's average Accounts Payable for the six months ended in Jun. 2024 was RM16.23 Mil. Smart Asia Chemical Bhd's Cost of Goods Sold for the six months ended in Jun. 2024 was RM31.01 Mil. Hence, Smart Asia Chemical Bhd's Days Payable for the six months ended in Jun. 2024 was 95.52.

The historical rank and industry rank for Smart Asia Chemical Bhd's Days Payable or its related term are showing as below:

XKLS:0306' s Days Payable Range Over the Past 10 Years
Min: 53.77 Med: 57.51 Max: 191.03
Current: 191.03

During the past 4 years, Smart Asia Chemical Bhd's highest Days Payable was 191.03. The lowest was 53.77. And the median was 57.51.

XKLS:0306's Days Payable is ranked better than
93.08% of 1503 companies
in the Chemicals industry
Industry Median: 60.18 vs XKLS:0306: 191.03

Smart Asia Chemical Bhd's Days Payable increased from Dec. 2022 (0.00) to Jun. 2024 (95.52). It may suggest that Smart Asia Chemical Bhd delayed paying its suppliers.

Smart Asia Chemical Bhd Days Payable Historical Data

The historical data trend for Smart Asia Chemical Bhd'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.

Smart Asia Chemical Bhd Days Payable Chart

Smart Asia Chemical Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

56.86

53.77

58.16

65.76

Smart Asia Chemical Bhd Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23	Jun24
Days Payable	-	-	-	-	95.52

Competitive Comparison of Smart Asia Chemical Bhd's Days Payable

For the Specialty Chemicals subindustry, Smart Asia Chemical Bhd'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.

Smart Asia Chemical Bhd's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Smart Asia Chemical Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Smart Asia Chemical Bhd's Days Payable falls into.

Smart Asia Chemical Bhd 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.

Smart Asia Chemical Bhd'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
=	( (9.721	+	12.296)	/	2 )	/	61.107	*	365
=	11.0085					/	61.107	*	365
=	65.76

Smart Asia Chemical Bhd'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: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (12.296	+	20.162)	/	2 )	/	31.008	*	365 / 2
=	16.229					/	31.008	*	365 / 2
=	95.52

Smart Asia Chemical Bhd Days Payable Related Terms

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Smart Asia Chemical Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Smart Asia Chemical Bhd (XKLS:0306) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11, Jalan Indah Gemilang 5, Taman Perindustrian Gemilang, Ulu Tiram, JHR, MYS, 81800

Website

https://www.smartasiachemical.com

Smart Asia Chemical Bhd is an investment holding company. Through its subsidiaries, it is involved in the development, manufacturing, distribution and sale of decorative paints and protective coatings for household and industrial applications. Also involved in the development, manufacturing, distribution and sale of related products, namely colourants, and binding and coating chemicals; sale and trading of painting tools and accessories, aerosol spray paints and other related products to complement decorative paints and protective coatings offerings, ODM services of decorative paints, protective coatings as well as binding and coating chemicals for third party brand owners.

Smart Asia Chemical Bhd Headlines

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