Saksiam Leasing PCL (BKK:SAK) Days Payable : 0.04 (As of Mar. 2024)

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What is Saksiam Leasing PCL Days Payable?

Saksiam Leasing PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿0 Mil. Saksiam Leasing PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿92 Mil. Hence, Saksiam Leasing PCL's Days Payable for the three months ended in Mar. 2024 was 0.04.

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

BKK:SAK' s Days Payable Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.07
Current: 0.02

During the past 6 years, Saksiam Leasing PCL's highest Days Payable was 0.07. The lowest was 0.02. And the median was 0.05.

BKK:SAK's Days Payable is ranked worse than
100% of 284 companies
in the Credit Services industry
Industry Median: 48.93 vs BKK:SAK: 0.02

Saksiam Leasing PCL's Days Payable declined from Mar. 2023 (0.22) to Mar. 2024 (0.04). It may suggest that Saksiam Leasing PCL accelerated paying its suppliers.

Saksiam Leasing PCL Days Payable Historical Data

The historical data trend for Saksiam Leasing 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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Saksiam Leasing PCL Days Payable Chart

Saksiam Leasing PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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0.07

0.03

Saksiam Leasing PCL Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															0.22	0.14	0.07	0.01	0.04

Competitive Comparison of Saksiam Leasing PCL's Days Payable

For the Credit Services subindustry, Saksiam Leasing 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.

Saksiam Leasing PCL's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Saksiam Leasing PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Saksiam Leasing PCL's Days Payable falls into.

Saksiam Leasing 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.

Saksiam Leasing 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
=	( (0.162	+	0.05)	/	2 )	/	1152.734	*	365
=	0.106					/	1152.734	*	365
=	0.03

Saksiam Leasing PCL's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.05	+	0.027)	/	2 )	/	92.023	*	365 / 4
=	0.0385					/	92.023	*	365 / 4
=	0.04

Saksiam Leasing PCL Days Payable Related Terms

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Saksiam Leasing PCL (BKK:SAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Saksiam Leasing PCL (BKK:SAK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

49/47 Chedsadabodin Road, Tha-it, Muang, Uttaradit, THA, 53000

Website

https://www.saksiam.com

Saksiam Leasing PCL is a provider of personal loans licensed by the Bank of Thailand, focusing on vehicle title loans and other types of loans. The company operates under the SAKSIAM Loan which covers the Northern, Central, Northeast, and Western Region of Thailand. Its loan offerings include Car registration loans as insurance; Microloans for occupation (Nano Finance); Farmer's Loan; Personal loans; Car loans for money (Hire purchase loan ); and Hire purchase loans (New motorcycles).

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