Titas Gas Transmission & Distribution Co (DHA:TITASGAS) Days Payable : 144.12 (As of Mar. 2024)

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What is Titas Gas Transmission & Distribution Co Days Payable?

Titas Gas Transmission & Distribution Co's average Accounts Payable for the three months ended in Mar. 2024 was BDT139,055 Mil. Titas Gas Transmission & Distribution Co's Cost of Goods Sold for the three months ended in Mar. 2024 was BDT88,046 Mil. Hence, Titas Gas Transmission & Distribution Co's Days Payable for the three months ended in Mar. 2024 was 144.12.

The historical rank and industry rank for Titas Gas Transmission & Distribution Co's Days Payable or its related term are showing as below:

DHA:TITASGAS' s Days Payable Range Over the Past 10 Years
Min: 63.38 Med: 84.8 Max: 118.87
Current: 118.87

During the past 13 years, Titas Gas Transmission & Distribution Co's highest Days Payable was 118.87. The lowest was 63.38. And the median was 84.80.

DHA:TITASGAS's Days Payable is ranked better than
74.9% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.43 vs DHA:TITASGAS: 118.87

Titas Gas Transmission & Distribution Co's Days Payable increased from Mar. 2023 (73.85) to Mar. 2024 (144.12). It may suggest that Titas Gas Transmission & Distribution Co delayed paying its suppliers.

Titas Gas Transmission & Distribution Co Days Payable Historical Data

The historical data trend for Titas Gas Transmission & Distribution Co'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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Titas Gas Transmission & Distribution Co Days Payable Chart

Titas Gas Transmission & Distribution Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

99.85

99.33

94.73

80.91

91.50

Titas Gas Transmission & Distribution Co 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															73.85	87.28	109.85	136.18	144.12

Competitive Comparison of Titas Gas Transmission & Distribution Co's Days Payable

For the Utilities - Regulated Gas subindustry, Titas Gas Transmission & Distribution Co'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.

Titas Gas Transmission & Distribution Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Titas Gas Transmission & Distribution Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Titas Gas Transmission & Distribution Co's Days Payable falls into.

Titas Gas Transmission & Distribution Co 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.

Titas Gas Transmission & Distribution Co's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (38678.188	+	93435.05)	/	2 )	/	263504.838	*	365
=	66056.619					/	263504.838	*	365
=	91.50

Titas Gas Transmission & Distribution Co'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
=	( (129985.214	+	148125.57)	/	2 )	/	88045.5	*	365 / 4
=	139055.392					/	88045.5	*	365 / 4
=	144.12

Titas Gas Transmission & Distribution Co Days Payable Related Terms

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Titas Gas Transmission & Distribution Co (DHA:TITASGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Titas Gas Transmission & Distribution Co Ltd (DHA:TITASGAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

105, Kazi Nazrul Islam Avenue, 2nd Floor, Titas Gas Bhaban, Kawran Bazar Commerial Area, Dhaka, BGD, 1215

Website

https://www.titasgas.org.bd

Titas Gas Transmission & Distribution Co Ltd is principally engaged in the business of natural gas distribution. It operates through the segments that are distributed the same to the consumers in power, fertilizer, industrial, captive power, and commercial. Geographically it operates through the region of Bangladesh. Majority of the firm's revenue is generated from Natural Gas Distribution.

Titas Gas Transmission & Distribution Co (DHA:TITASGAS) Headlines

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