Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) Days Payable : 33.64 (As of Mar. 2024)

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What is Shun Thai Rubber Gloves Industry PCL Days Payable?

Shun Thai Rubber Gloves Industry PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿30.3 Mil. Shun Thai Rubber Gloves Industry PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿82.2 Mil. Hence, Shun Thai Rubber Gloves Industry PCL's Days Payable for the three months ended in Mar. 2024 was 33.64.

The historical rank and industry rank for Shun Thai Rubber Gloves Industry PCL's Days Payable or its related term are showing as below:

BKK:STHAI' s Days Payable Range Over the Past 10 Years
Min: 25.47 Med: 42.84 Max: 56.2
Current: 33.47

During the past 13 years, Shun Thai Rubber Gloves Industry PCL's highest Days Payable was 56.20. The lowest was 25.47. And the median was 42.84.

BKK:STHAI's Days Payable is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 73.02 vs BKK:STHAI: 33.47

Shun Thai Rubber Gloves Industry PCL's Days Payable increased from Mar. 2023 (28.42) to Mar. 2024 (33.64). It may suggest that Shun Thai Rubber Gloves Industry PCL delayed paying its suppliers.

Shun Thai Rubber Gloves Industry PCL Days Payable Historical Data

The historical data trend for Shun Thai Rubber Gloves Industry 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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Shun Thai Rubber Gloves Industry PCL Days Payable Chart

Shun Thai Rubber Gloves Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.82

42.48

33.89

34.93

25.47

Shun Thai Rubber Gloves Industry PCL Quarterly Data
	Jun19	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															28.42	38.26	30.31	26.37	33.64

Competitive Comparison of Shun Thai Rubber Gloves Industry PCL's Days Payable

For the Medical Instruments & Supplies subindustry, Shun Thai Rubber Gloves Industry 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.

Shun Thai Rubber Gloves Industry PCL's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shun Thai Rubber Gloves Industry PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Shun Thai Rubber Gloves Industry PCL's Days Payable falls into.

Shun Thai Rubber Gloves Industry 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.

Shun Thai Rubber Gloves Industry 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
=	( (39.937	+	20.667)	/	2 )	/	434.184	*	365
=	30.302					/	434.184	*	365
=	25.47

Shun Thai Rubber Gloves Industry 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
=	( (20.667	+	39.958)	/	2 )	/	82.22	*	365 / 4
=	30.3125					/	82.22	*	365 / 4
=	33.64

Shun Thai Rubber Gloves Industry PCL Days Payable Related Terms

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Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1, Promphan Tower 2, Room Number 608, 6th Floor, Soi Lat Phrao 3, Chom Phon, Chatuchak, Bangkok, THA, 10900

Website

https://www.shunthaiglove.com

Shun Thai Rubber Gloves Industry PCL is engaged in the production and distribution of rubber gloves. It manufactures Natural Rubber and Nitrile Butadiene Rubber gloves for applications in both medical and general purpose markets. The company offers powder latex examination gloves, powder free latex examination gloves, latex surgical gloves, clean room gloves, and food processing and general purposed gloves.

Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) Headlines

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