TH Heavy Engineering Bhd (XKLS:7206PB.PFD) Days Payable : 66,261.35 (As of Mar. 2022)

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What is TH Heavy Engineering Bhd Days Payable?

TH Heavy Engineering Bhd's average Accounts Payable for the three months ended in Mar. 2022 was RM145.96 Mil. TH Heavy Engineering Bhd's Cost of Goods Sold for the three months ended in Mar. 2022 was RM0.20 Mil. Hence, TH Heavy Engineering Bhd's Days Payable for the three months ended in Mar. 2022 was 66,261.35.

The historical rank and industry rank for TH Heavy Engineering Bhd's Days Payable or its related term are showing as below:

XKLS:7206PB.PFD' s Days Payable Range Over the Past 10 Years
Min: 168.21 Med: 638.65 Max: 9706.96
Current: 9706.96

During the past 13 years, TH Heavy Engineering Bhd's highest Days Payable was 9706.96. The lowest was 168.21. And the median was 638.65.

XKLS:7206PB.PFD's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 60.18 vs XKLS:7206PB.PFD: 9706.96

TH Heavy Engineering Bhd's Days Payable increased from Mar. 2021 (6,431.90) to Mar. 2022 (66,261.35). It may suggest that TH Heavy Engineering Bhd delayed paying its suppliers.

TH Heavy Engineering Bhd Days Payable Historical Data

The historical data trend for TH Heavy Engineering 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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TH Heavy Engineering Bhd Days Payable Chart

TH Heavy Engineering Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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2,475.42

8,372.04

564.34

168.21

713.00

TH Heavy Engineering Bhd Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Days Payable	Get a 7-Day Free Trial															6,431.90	6,671.48	88,928.95	3,254.44	66,261.35

Competitive Comparison of TH Heavy Engineering Bhd's Days Payable

For the Oil & Gas Equipment & Services subindustry, TH Heavy Engineering 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.

TH Heavy Engineering Bhd's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TH Heavy Engineering Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where TH Heavy Engineering Bhd's Days Payable falls into.

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TH Heavy Engineering 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.

TH Heavy Engineering Bhd's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (22.692	+	18.361)	/	2 )	/	10.508	*	365
=	20.5265					/	10.508	*	365
=	713.00

TH Heavy Engineering Bhd's Days Payable for the quarter that ended in Mar. 2022 is calculated as:

	Days Payable (Q: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
=	( (18.361	+	273.552)	/	2 )	/	0.201	*	365 / 4
=	145.9565					/	0.201	*	365 / 4
=	66,261.35

TH Heavy Engineering Bhd Days Payable Related Terms

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TH Heavy Engineering Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TH Heavy Engineering Bhd (XKLS:7206PB.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 9, Persiaran KLCC,, Level 28, MOF Inc. Tower,, Wilayah Persekutuan., Kuala Lumpur, SGR, MYS, 50088

Website

http://www.thhe.com.my

TH Heavy Engineering Bhd is engaged in the fabrication of offshore oil and gas facilities. The businesses activities of the company are offshore structures fabrications which include inter-platform bridges, booms, compression platforms, modules, decks, and living quarters, HUC and topside major maintenance, marine services, offshore crane manufacturing, and shipbuilding and ship repair. Its segments include Construction services, Offshore crane works, and Others. The company derives the maximum revenue from the Construction service segment. Geographically, it operates in Malaysia.

TH Heavy Engineering Bhd Headlines

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