Eastern Technical Engineering PCL (BKK:ETE) Days Payable : 42.48 (As of Dec. 2023)

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What is Eastern Technical Engineering PCL Days Payable?

Eastern Technical Engineering PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿206 Mil. Eastern Technical Engineering PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿443 Mil. Hence, Eastern Technical Engineering PCL's Days Payable for the three months ended in Dec. 2023 was 42.48.

The historical rank and industry rank for Eastern Technical Engineering PCL's Days Payable or its related term are showing as below:

BKK:ETE' s Days Payable Range Over the Past 10 Years
Min: 9.28 Med: 14.9 Max: 57.49
Current: 57.49

During the past 10 years, Eastern Technical Engineering PCL's highest Days Payable was 57.49. The lowest was 9.28. And the median was 14.90.

BKK:ETE's Days Payable is ranked worse than
50.21% of 468 companies
in the Conglomerates industry
Industry Median: 57.64 vs BKK:ETE: 57.49

Eastern Technical Engineering PCL's Days Payable increased from Dec. 2022 (19.78) to Dec. 2023 (42.48). It may suggest that Eastern Technical Engineering PCL delayed paying its suppliers.

Eastern Technical Engineering PCL Days Payable Historical Data

The historical data trend for Eastern Technical Engineering PCL'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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Eastern Technical Engineering PCL Days Payable Chart

Eastern Technical Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.64

13.29

12.71

9.28

15.25

Eastern Technical Engineering PCL 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															19.78	49.66	91.95	100.54	42.48

Competitive Comparison of Eastern Technical Engineering PCL's Days Payable

For the Conglomerates subindustry, Eastern Technical Engineering PCL'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.

Eastern Technical Engineering PCL's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Eastern Technical Engineering PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Eastern Technical Engineering PCL's Days Payable falls into.

Eastern Technical Engineering PCL 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.

Eastern Technical Engineering PCL'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
=	( (19.383	+	96.907)	/	2 )	/	1391.516	*	365
=	58.145					/	1391.516	*	365
=	15.25

Eastern Technical Engineering PCL'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
=	( (316.016	+	96.907)	/	2 )	/	443.481	*	365 / 4
=	206.4615					/	443.481	*	365 / 4
=	42.48

Eastern Technical Engineering PCL Days Payable Related Terms

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Eastern Technical Engineering PCL (BKK:ETE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Eastern Technical Engineering PCL (BKK:ETE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 / 21-22 Moo 1, Liang Muang Road, Bang Kung Subdistrict, Mueang Surat Thani District, Surat Thani, Bangkok, THA, 84000

Website

https://www.eastern-groups.com

Eastern Technical Engineering PCL is engaged in operating management service, installation service of electricity transmission network, telecommunication network, power generation from renewable energy and sale of goods and other service. The company's segments include Business of Management Service; Business of Construction Service; Business of renewable energy; and Business of sale of goods and other services. It derives majority of the revenue from Business of Management Service. All of its operations are carried out in Thailand.

Eastern Technical Engineering PCL (BKK:ETE) Headlines

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