Volcano Bhd (XKLS:0232) Days Payable : 66.08 (As of Dec. 2023)

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What is Volcano Bhd Days Payable?

Volcano Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM8.29 Mil. Volcano Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM11.44 Mil. Hence, Volcano Bhd's Days Payable for the three months ended in Dec. 2023 was 66.08.

The historical rank and industry rank for Volcano Bhd's Days Payable or its related term are showing as below:

XKLS:0232' s Days Payable Range Over the Past 10 Years
Min: 26.74 Med: 31.41 Max: 79.97
Current: 79.97

During the past 3 years, Volcano Bhd's highest Days Payable was 79.97. The lowest was 26.74. And the median was 31.41.

XKLS:0232's Days Payable is ranked better than
52.1% of 2927 companies
in the Industrial Products industry
Industry Median: 76.43 vs XKLS:0232: 79.97

Volcano Bhd's Days Payable declined from Jun. 2022 (70.32) to Dec. 2023 (66.08). It may suggest that Volcano Bhd accelerated paying its suppliers.

Volcano Bhd Days Payable Historical Data

The historical data trend for Volcano Bhd'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.

* Premium members only.

Volcano Bhd Days Payable Chart

Volcano Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Days Payable

26.74

31.41

48.87

Volcano Bhd Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								70.32	62.25	56.69	60.44	66.08

Competitive Comparison of Volcano Bhd's Days Payable

For the Metal Fabrication subindustry, Volcano Bhd'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.

Volcano Bhd's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Volcano Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Volcano Bhd's Days Payable falls into.

Volcano Bhd 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.

Volcano Bhd's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (3.764	+	6.247)	/	2 )	/	37.388	*	365
=	5.0055					/	37.388	*	365
=	48.87

Volcano Bhd'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
=	( (8.72	+	7.85)	/	2 )	/	11.441	*	365 / 4
=	8.285					/	11.441	*	365 / 4
=	66.08

Volcano Bhd Days Payable Related Terms

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Volcano Bhd (XKLS:0232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Volcano Bhd (XKLS:0232) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1411 Jalan Perusahaan Kawasan, Perusahaan Perai 1, Butterworth, Perai, PNG, MYS, 13600

Website

https://www.volcano.com.my

Volcano Bhd is a manufacturer of parts and components including metal and non-metal nameplates and plastic injection moulded parts. Geographically the company's manufacturing facilities is located in Malaysia and Thailand to serve multinational customers across various industries such as electrical and electronic, automotive, food, furniture, aerospace and label industries. The company operates in Malaysia, Singapore, Thailand, Indonesia, China, USA and other countries. It earns majority of its revenue from Thailand.

Volcano Bhd (XKLS:0232) Headlines

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