Tropical Canning (Thailand) PCL (BKK:TC) Days Payable : 26.68 (As of Dec. 2023)

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What is Tropical Canning (Thailand) PCL Days Payable?

Tropical Canning (Thailand) PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿371 Mil. Tropical Canning (Thailand) PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿1,268 Mil. Hence, Tropical Canning (Thailand) PCL's Days Payable for the three months ended in Dec. 2023 was 26.68.

The historical rank and industry rank for Tropical Canning (Thailand) PCL's Days Payable or its related term are showing as below:

BKK:TC' s Days Payable Range Over the Past 10 Years
Min: 19.18 Med: 36.37 Max: 53.53
Current: 19.18

During the past 13 years, Tropical Canning (Thailand) PCL's highest Days Payable was 53.53. The lowest was 19.18. And the median was 36.37.

BKK:TC's Days Payable is ranked worse than
87.14% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs BKK:TC: 19.18

Tropical Canning (Thailand) PCL's Days Payable increased from Dec. 2022 (15.57) to Dec. 2023 (26.68). It may suggest that Tropical Canning (Thailand) PCL delayed paying its suppliers.

Tropical Canning (Thailand) PCL Days Payable Historical Data

The historical data trend for Tropical Canning (Thailand) 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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Tropical Canning (Thailand) PCL Days Payable Chart

Tropical Canning (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.79

30.77

53.53

39.78

42.76

Tropical Canning (Thailand) 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															15.57	16.87	2.36	3.90	26.68

Competitive Comparison of Tropical Canning (Thailand) PCL's Days Payable

For the Packaged Foods subindustry, Tropical Canning (Thailand) 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.

Tropical Canning (Thailand) PCL's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tropical Canning (Thailand) PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Tropical Canning (Thailand) PCL's Days Payable falls into.

Tropical Canning (Thailand) 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.

Tropical Canning (Thailand) 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
=	( (432.758	+	659.124)	/	2 )	/	4660.449	*	365
=	545.941					/	4660.449	*	365
=	42.76

Tropical Canning (Thailand) 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
=	( (82.634	+	659.124)	/	2 )	/	1268.269	*	365 / 4
=	370.879					/	1268.269	*	365 / 4
=	26.68

Tropical Canning (Thailand) PCL Days Payable Related Terms

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Tropical Canning (Thailand) PCL (BKK:TC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tropical Canning (Thailand) PCL (BKK:TC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1/1 Moo 2, Karnjanavanich Road, P.O. Box 44, Thungyai, Hatyai, Songkhla, THA, 90110

Website

https://www.tropical.co.th

Tropical Canning (Thailand) PCL is engaged in the manufacturing and trading of canned and pouched seafood products. The product portfolio includes Regular tuna products, Canned shellfish products, Ready-to-eat products, and Petfood cans. It has a business presence in the African continent, the European continent, the Asian continent and the American continent, among others.