Thai Packaging & Printing PCL (BKK:TPP) Days Payable : 58.06 (As of Mar. 2024)

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What is Thai Packaging & Printing PCL Days Payable?

Thai Packaging & Printing PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿22.1 Mil. Thai Packaging & Printing PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿34.7 Mil. Hence, Thai Packaging & Printing PCL's Days Payable for the three months ended in Mar. 2024 was 58.06.

The historical rank and industry rank for Thai Packaging & Printing PCL's Days Payable or its related term are showing as below:

BKK:TPP' s Days Payable Range Over the Past 10 Years
Min: 23.01 Med: 43.31 Max: 53.39
Current: 45.86

During the past 13 years, Thai Packaging & Printing PCL's highest Days Payable was 53.39. The lowest was 23.01. And the median was 43.31.

BKK:TPP's Days Payable is ranked worse than
65.41% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.84 vs BKK:TPP: 45.86

Thai Packaging & Printing PCL's Days Payable increased from Mar. 2023 (42.55) to Mar. 2024 (58.06). It may suggest that Thai Packaging & Printing PCL delayed paying its suppliers.

Thai Packaging & Printing PCL Days Payable Historical Data

The historical data trend for Thai Packaging & Printing 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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Thai Packaging & Printing PCL Days Payable Chart

Thai Packaging & Printing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.93

38.84

50.16

52.18

51.69

Thai Packaging & Printing 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															42.55	29.14	36.07	55.81	58.06

Competitive Comparison of Thai Packaging & Printing PCL's Days Payable

For the Packaging & Containers subindustry, Thai Packaging & Printing 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.

Thai Packaging & Printing PCL's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thai Packaging & Printing PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Thai Packaging & Printing PCL's Days Payable falls into.

Thai Packaging & Printing 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.

Thai Packaging & Printing 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
=	( (20.31	+	18.836)	/	2 )	/	138.223	*	365
=	19.573					/	138.223	*	365
=	51.69

Thai Packaging & Printing 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
=	( (18.836	+	25.375)	/	2 )	/	34.743	*	365 / 4
=	22.1055					/	34.743	*	365 / 4
=	58.06

Thai Packaging & Printing PCL Days Payable Related Terms

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Thai Packaging & Printing PCL (BKK:TPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Thai Packaging & Printing PCL (BKK:TPP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9/9 Moo 6, King Kaew Road, Tambol Rachathewa Amphur Bangplee, Samutprakan, THA, 10540

Website

https://www.tpppack.com

Thai Packaging & Printing PCL along with its subsidiaries is engaged in the manufacturing and distributing box packaging. It manufactures its products for automotive, electric, medical appliance, food and beverage, houseware, fast-moving consumer, toy, and miscellaneous industries. It offers design and development solutions for industrial and consumer packaging. Its products include Folding box, Corrugated folding box, Ice cream tube, Corrugated sheet board, Corrugated master Carton, Leaflet brochure, and magazine. The company also offers agent services for air passenger and cargo. It generates a majority of the revenue from the Packaging business.

Thai Packaging & Printing PCL (BKK:TPP) Headlines

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