Tung Ho Steel Enterprise (TPE:2006) Days Payable : 19.69 (As of Mar. 2024)

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What is Tung Ho Steel Enterprise Days Payable?

Tung Ho Steel Enterprise's average Accounts Payable for the three months ended in Mar. 2024 was NT$2,765 Mil. Tung Ho Steel Enterprise's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$12,812 Mil. Hence, Tung Ho Steel Enterprise's Days Payable for the three months ended in Mar. 2024 was 19.69.

The historical rank and industry rank for Tung Ho Steel Enterprise's Days Payable or its related term are showing as below:

TPE:2006' s Days Payable Range Over the Past 10 Years
Min: 17.81 Med: 19.46 Max: 22.99
Current: 17.81

During the past 13 years, Tung Ho Steel Enterprise's highest Days Payable was 22.99. The lowest was 17.81. And the median was 19.46.

TPE:2006's Days Payable is ranked worse than
81.12% of 588 companies
in the Steel industry
Industry Median: 41.41 vs TPE:2006: 17.81

Tung Ho Steel Enterprise's Days Payable increased from Mar. 2023 (18.96) to Mar. 2024 (19.69). It may suggest that Tung Ho Steel Enterprise delayed paying its suppliers.

Tung Ho Steel Enterprise Days Payable Historical Data

The historical data trend for Tung Ho Steel Enterprise'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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Tung Ho Steel Enterprise Days Payable Chart

Tung Ho Steel Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.91

22.57

19.56

18.16

17.84

Tung Ho Steel Enterprise 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															18.96	16.27	17.22	18.49	19.69

Competitive Comparison of Tung Ho Steel Enterprise's Days Payable

For the Steel subindustry, Tung Ho Steel Enterprise'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.

Tung Ho Steel Enterprise's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's Days Payable distribution charts can be found below:

* The bar in red indicates where Tung Ho Steel Enterprise's Days Payable falls into.

Tung Ho Steel Enterprise 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.

Tung Ho Steel Enterprise'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
=	( (2128.721	+	2985.512)	/	2 )	/	52315.715	*	365
=	2557.1165					/	52315.715	*	365
=	17.84

Tung Ho Steel Enterprise'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
=	( (2985.512	+	2544.841)	/	2 )	/	12812.237	*	365 / 4
=	2765.1765					/	12812.237	*	365 / 4
=	19.69

Tung Ho Steel Enterprise Days Payable Related Terms

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Tung Ho Steel Enterprise (TPE:2006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tung Ho Steel Enterprise Corp (TPE:2006) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441

Website

https://www.tunghosteel.com

Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

Tung Ho Steel Enterprise (TPE:2006) Headlines

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