Tat Seng Packaging Group (SGX:T12) Days Payable : 49.25 (As of Dec. 2023)

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What is Tat Seng Packaging Group Days Payable?

Tat Seng Packaging Group's average Accounts Payable for the six months ended in Dec. 2023 was S$27.1 Mil. Tat Seng Packaging Group's Cost of Goods Sold for the six months ended in Dec. 2023 was S$100.4 Mil. Hence, Tat Seng Packaging Group's Days Payable for the six months ended in Dec. 2023 was 49.25.

The historical rank and industry rank for Tat Seng Packaging Group's Days Payable or its related term are showing as below:

SGX:T12' s Days Payable Range Over the Past 10 Years
Min: 36.41 Med: 70.19 Max: 156.07
Current: 47.04

During the past 13 years, Tat Seng Packaging Group's highest Days Payable was 156.07. The lowest was 36.41. And the median was 70.19.

SGX:T12's Days Payable is ranked worse than
62.97% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.555 vs SGX:T12: 47.04

Tat Seng Packaging Group's Days Payable declined from Dec. 2022 (50.30) to Dec. 2023 (49.25). It may suggest that Tat Seng Packaging Group accelerated paying its suppliers.

Tat Seng Packaging Group Days Payable Historical Data

The historical data trend for Tat Seng Packaging Group'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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Tat Seng Packaging Group Days Payable Chart

Tat Seng Packaging Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

66.34

50.08

38.44

36.41

40.06

Tat Seng Packaging Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															49.02	50.91	50.30	51.80	49.25

Competitive Comparison of Tat Seng Packaging Group's Days Payable

For the Packaging & Containers subindustry, Tat Seng Packaging Group'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.

Tat Seng Packaging Group's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Tat Seng Packaging Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Tat Seng Packaging Group's Days Payable falls into.

Tat Seng Packaging Group 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.

Tat Seng Packaging Group'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
=	( (23.838	+	20.455)	/	2 )	/	201.759	*	365
=	22.1465					/	201.759	*	365
=	40.06

Tat Seng Packaging Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (33.719	+	20.455)	/	2 )	/	100.37	*	365 / 2
=	27.087					/	100.37	*	365 / 2
=	49.25

Tat Seng Packaging Group Days Payable Related Terms

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Tat Seng Packaging Group (SGX:T12) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tat Seng Packaging Group Ltd (SGX:T12) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Senoko Drive, Singapore, SGP, 758214

Website

http://www.tspg.sg

Tat Seng Packaging Group Ltd is engaged in manufacturing and sales of corrugated paper products and other packaging products. The company designs, manufactures and sells corrugated paper packaging products for the packing of a diverse range of products according to customers' specifications. Its key products include corrugated paper boards, corrugated paper cartons, die-cut boxes, assembly cartons and heavy duty corrugated paper products. It also carries and sells a range of other packaging related products. Its segments include Singapore and PRC with majority of the revenue deriving from PRC.

Tat Seng Packaging Group (SGX:T12) Headlines

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