WICE Logistics PCL (BKK:WICE) Days Payable : 51.22 (As of Mar. 2024)

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What is WICE Logistics PCL Days Payable?

WICE Logistics PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿437 Mil. WICE Logistics PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿778 Mil. Hence, WICE Logistics PCL's Days Payable for the three months ended in Mar. 2024 was 51.22.

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

BKK:WICE' s Days Payable Range Over the Past 10 Years
Min: 24.04 Med: 48.14 Max: 66.01
Current: 66.01

During the past 10 years, WICE Logistics PCL's highest Days Payable was 66.01. The lowest was 24.04. And the median was 48.14.

BKK:WICE's Days Payable is ranked better than
72.19% of 935 companies
in the Transportation industry
Industry Median: 38.5 vs BKK:WICE: 66.01

WICE Logistics PCL's Days Payable declined from Mar. 2023 (72.22) to Mar. 2024 (51.22). It may suggest that WICE Logistics PCL accelerated paying its suppliers.

WICE Logistics PCL Days Payable Historical Data

The historical data trend for WICE Logistics 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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WICE Logistics PCL Days Payable Chart

WICE Logistics PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.07

55.23

49.28

53.91

65.02

WICE Logistics 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															72.22	71.50	75.20	68.71	51.22

Competitive Comparison of WICE Logistics PCL's Days Payable

For the Integrated Freight & Logistics subindustry, WICE Logistics 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.

WICE Logistics PCL's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, WICE Logistics PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where WICE Logistics PCL's Days Payable falls into.

WICE Logistics 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.

WICE Logistics 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
=	( (637.62	+	465.25)	/	2 )	/	3095.741	*	365
=	551.435					/	3095.741	*	365
=	65.02

WICE Logistics 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
=	( (465.25	+	408.282)	/	2 )	/	778.066	*	365 / 4
=	436.766					/	778.066	*	365 / 4
=	51.22

WICE Logistics PCL Days Payable Related Terms

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WICE Logistics PCL (BKK:WICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » WICE Logistics PCL (BKK:WICE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

88/8 Nonsee Road, Chong-Nonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.wice.co.th

WICE Logistics PCL is a Thailand-based company. The company is engaged in international air and sea freight forwarding, customs broker, inland transportation, cross-border transport, multimodal transport operator, warehousing service and all freight-related services for imports and exports.

WICE Logistics PCL (BKK:WICE) Headlines

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