CN Asia Bhd (XKLS:7986) Days Payable : 58.12 (As of Dec. 2023)

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What is CN Asia Bhd Days Payable?

CN Asia Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM2.68 Mil. CN Asia Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM4.21 Mil. Hence, CN Asia Bhd's Days Payable for the three months ended in Dec. 2023 was 58.12.

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

XKLS:7986' s Days Payable Range Over the Past 10 Years
Min: 37.14 Med: 44.38 Max: 94.9
Current: 94.9

During the past 13 years, CN Asia Bhd's highest Days Payable was 94.90. The lowest was 37.14. And the median was 44.38.

XKLS:7986's Days Payable is ranked better than
60.76% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs XKLS:7986: 94.90

CN Asia Bhd's Days Payable declined from Jun. 2022 (62.84) to Dec. 2023 (58.12). It may suggest that CN Asia Bhd accelerated paying its suppliers.

CN Asia Bhd Days Payable Historical Data

The historical data trend for CN Asia 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.

CN Asia Bhd Days Payable Chart

CN Asia Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

Get a 7-Day Free Trial

50.37

47.43

43.75

44.95

43.81

CN Asia Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															62.84	38.91	86.49	63.44	58.12

Competitive Comparison of CN Asia Bhd's Days Payable

For the Specialty Industrial Machinery subindustry, CN Asia 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.

CN Asia Bhd's Days Payable Distribution in the Industrial Products Industry

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

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

CN Asia 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.

CN Asia Bhd's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (1.502	+	1.991)	/	2 )	/	14.551	*	365
=	1.7465					/	14.551	*	365
=	43.81

CN Asia 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
=	( (2.74	+	2.62)	/	2 )	/	4.208	*	365 / 4
=	2.68					/	4.208	*	365 / 4
=	58.12

CN Asia Bhd Days Payable Related Terms

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CN Asia Bhd (XKLS:7986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CN Asia Corp Bhd (XKLS:7986) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Balakong, Lot 7907, Batu 11, Ground Floor Office Building, Seri Kembangan, SGR, MYS, 43300

Website

https://www.cnasia.com

CN Asia Corp Bhd is an investment holding company. It is engaged in the manufacturing and trading of underground and skid tanks, dish ends, pressure vessels, road tankers, and piping for the petroleum industry as well as specialized engineering and fabrication works, and sub-contractor for civil engineering work. The company segments include Manufacturing, Investment, Energy Management, and Financial Services. It generates maximum revenue from the Manufacturing segment.

CN Asia Bhd (XKLS:7986) Headlines

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