Shih Wei Navigation Co (TPE:5608) Days Payable : 17.09 (As of Dec. 2023)

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What is Shih Wei Navigation Co Days Payable?

Shih Wei Navigation Co's average Accounts Payable for the three months ended in Dec. 2023 was NT$142 Mil. Shih Wei Navigation Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$760 Mil. Hence, Shih Wei Navigation Co's Days Payable for the three months ended in Dec. 2023 was 17.09.

The historical rank and industry rank for Shih Wei Navigation Co's Days Payable or its related term are showing as below:

TPE:5608' s Days Payable Range Over the Past 10 Years
Min: 16.11 Med: 21.63 Max: 34.7
Current: 18.22

During the past 13 years, Shih Wei Navigation Co's highest Days Payable was 34.70. The lowest was 16.11. And the median was 21.63.

TPE:5608's Days Payable is ranked worse than
83.32% of 935 companies
in the Transportation industry
Industry Median: 39.02 vs TPE:5608: 18.22

Shih Wei Navigation Co's Days Payable declined from Dec. 2022 (19.21) to Dec. 2023 (17.09). It may suggest that Shih Wei Navigation Co accelerated paying its suppliers.

Shih Wei Navigation Co Days Payable Historical Data

The historical data trend for Shih Wei Navigation 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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Shih Wei Navigation Co Days Payable Chart

Shih Wei Navigation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.91

24.05

18.45

18.73

19.93

Shih Wei Navigation Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															19.21	20.33	18.30	15.13	17.09

Competitive Comparison of Shih Wei Navigation Co's Days Payable

For the Marine Shipping subindustry, Shih Wei Navigation 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.

Shih Wei Navigation Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shih Wei Navigation Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shih Wei Navigation Co's Days Payable falls into.

Shih Wei Navigation 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.

Shih Wei Navigation 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
=	( (208.763	+	154.42)	/	2 )	/	3325.045	*	365
=	181.5915					/	3325.045	*	365
=	19.93

Shih Wei Navigation Co'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (130.187	+	154.42)	/	2 )	/	759.788	*	365 / 4
=	142.3035					/	759.788	*	365 / 4
=	17.09

Shih Wei Navigation Co Days Payable Related Terms

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Shih Wei Navigation Co (TPE:5608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shih Wei Navigation Co Ltd (TPE:5608) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 167, Fusing North Road, 16th Floor, Song-Shan District, Taipei, TWN, 10547

Website

https://www.swnav.com.tw

Shih Wei Navigation Co Ltd is a Taiwan-based company, that engages in the provision of shipping-related services. Its business includes the international shipping industry, bulk carrier leasing, and cargo transportation of bulk timber, steel, and ores. Its shipping agency industries such as cargo handling, crew loan allocation, ship repair projects, marine materials, arrangements, and other projects. Its vessel type includes Panamax, Supramax, Handy, Multi-Purpose, and Log Carriers. The company's operating segment includes Shipping and Tourist. It generates maximum revenue from the Shipping segment. Geographically, it derives a majority of its revenue from Asia.

Shih Wei Navigation Co (TPE:5608) Headlines

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