Iron Force Industrial Co (TPE:2228) Days Payable : 30.71 (As of Mar. 2024)

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What is Iron Force Industrial Co Days Payable?

Iron Force Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$311 Mil. Iron Force Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$923 Mil. Hence, Iron Force Industrial Co's Days Payable for the three months ended in Mar. 2024 was 30.71.

The historical rank and industry rank for Iron Force Industrial Co's Days Payable or its related term are showing as below:

TPE:2228' s Days Payable Range Over the Past 10 Years
Min: 22.85 Med: 30.55 Max: 39.08
Current: 25.98

During the past 13 years, Iron Force Industrial Co's highest Days Payable was 39.08. The lowest was 22.85. And the median was 30.55.

TPE:2228's Days Payable is ranked worse than
88.55% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 65.895 vs TPE:2228: 25.98

Iron Force Industrial Co's Days Payable increased from Mar. 2023 (25.05) to Mar. 2024 (30.71). It may suggest that Iron Force Industrial Co delayed paying its suppliers.

Iron Force Industrial Co Days Payable Historical Data

The historical data trend for Iron Force Industrial 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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Iron Force Industrial Co Days Payable Chart

Iron Force Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.43

39.08

29.24

22.85

27.72

Iron Force Industrial 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															25.05	22.57	22.70	28.18	30.71

Competitive Comparison of Iron Force Industrial Co's Days Payable

For the Auto Parts subindustry, Iron Force Industrial 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.

Iron Force Industrial Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Iron Force Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Iron Force Industrial Co's Days Payable falls into.

Iron Force Industrial 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.

Iron Force Industrial Co'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
=	( (249.417	+	309.738)	/	2 )	/	3681.197	*	365
=	279.5775					/	3681.197	*	365
=	27.72

Iron Force Industrial 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
=	( (309.738	+	311.35)	/	2 )	/	922.869	*	365 / 4
=	310.544					/	922.869	*	365 / 4
=	30.71

Iron Force Industrial Co Days Payable Related Terms

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Iron Force Industrial Co (TPE:2228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Iron Force Industrial Co Ltd (TPE:2228) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Floor, No. 98, Sec. 1, Sintai 5th Road, Sijhih District, Taipei, TWN, 221

Website

https://www.ironforce.com.tw

Iron Force Industrial Co Ltd is a Taiwan-based manufacturer of automotive parts and display fixtures. The company has two main divisions: auto parts division and display and houseware division. Auto parts division is producing and selling airbag inflators and seat belt sub-assemblies. The display and houseware division offers hanger, display fixtures, and other metal products. The Group divides its sales order region into three main areas: Taiwan, Mainland China, and Europe. Majority of revenue is generated from Mainland China.

Iron Force Industrial Co (TPE:2228) Headlines

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