Tong Herr Resources Bhd (XKLS:5010) Days Payable : 12.72 (As of Dec. 2023)

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What is Tong Herr Resources Bhd Days Payable?

Tong Herr Resources Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM16.5 Mil. Tong Herr Resources Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM118.6 Mil. Hence, Tong Herr Resources Bhd's Days Payable for the three months ended in Dec. 2023 was 12.72.

The historical rank and industry rank for Tong Herr Resources Bhd's Days Payable or its related term are showing as below:

XKLS:5010' s Days Payable Range Over the Past 10 Years
Min: 9 Med: 10.71 Max: 15.79
Current: 9.98

During the past 13 years, Tong Herr Resources Bhd's highest Days Payable was 15.79. The lowest was 9.00. And the median was 10.71.

XKLS:5010's Days Payable is ranked worse than
98.5% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs XKLS:5010: 9.98

Tong Herr Resources Bhd's Days Payable increased from Dec. 2022 (11.56) to Dec. 2023 (12.72). It may suggest that Tong Herr Resources Bhd delayed paying its suppliers.

Tong Herr Resources Bhd Days Payable Historical Data

The historical data trend for Tong Herr Resources 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.

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Tong Herr Resources Bhd Days Payable Chart

Tong Herr Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

10.72

15.07

14.55

9.26

10.70

Tong Herr Resources Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															11.56	8.23	8.69	10.54	12.72

Competitive Comparison of Tong Herr Resources Bhd's Days Payable

For the Tools & Accessories subindustry, Tong Herr Resources 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.

Tong Herr Resources Bhd's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tong Herr Resources Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Tong Herr Resources Bhd's Days Payable falls into.

Tong Herr Resources 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.

Tong Herr Resources 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
=	( (15.251	+	17.96)	/	2 )	/	566.37	*	365
=	16.6055					/	566.37	*	365
=	10.70

Tong Herr Resources Bhd's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15.097	+	17.96)	/	2 )	/	118.571	*	365 / 4
=	16.5285					/	118.571	*	365 / 4
=	12.72

Tong Herr Resources Bhd Days Payable Related Terms

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Tong Herr Resources Bhd (XKLS:5010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tong Herr Resources Bhd (XKLS:5010) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2515, Tingkat Perusahaan 4A, Perai Free Trade Zone, Perai, PNG, MYS, 13600

Website

https://www.tong.com.my

Tong Herr Resources Bhd is a Malaysia-based investment holding company. It operates through two segments namely Manufacture and sale of stainless steel fasteners and Manufacture and sale of aluminum products. The company derives maximum revenue from the Manufacture and sale of stainless steel fasteners segment. It is engaged in the production and marketing of stainless steel fasteners such as nuts, bolts, screws, and all other threaded items, aluminum extrusion, and its related products. It operates geographically across countries like Malaysia, Thailand, Germany, the United States of America, and Other countries.

Tong Herr Resources Bhd (XKLS:5010) Headlines

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