Nestcon Bhd (XKLS:0235) Days Payable : 144.73 (As of Mar. 2024)

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What is Nestcon Bhd Days Payable?

Nestcon Bhd's average Accounts Payable for the three months ended in Mar. 2024 was RM315.4 Mil. Nestcon Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM198.9 Mil. Hence, Nestcon Bhd's Days Payable for the three months ended in Mar. 2024 was 144.73.

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

XKLS:0235' s Days Payable Range Over the Past 10 Years
Min: 105.71 Med: 148.57 Max: 170.63
Current: 124.11

During the past 7 years, Nestcon Bhd's highest Days Payable was 170.63. The lowest was 105.71. And the median was 148.57.

XKLS:0235's Days Payable is ranked better than
70.77% of 1601 companies
in the Construction industry
Industry Median: 76.01 vs XKLS:0235: 124.11

Nestcon Bhd's Days Payable increased from Mar. 2023 (132.94) to Mar. 2024 (144.73). It may suggest that Nestcon Bhd delayed paying its suppliers.

Nestcon Bhd Days Payable Historical Data

The historical data trend for Nestcon 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.

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Nestcon Bhd Days Payable Chart

Nestcon Bhd Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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105.71

166.14

170.63

148.57

127.77

Nestcon Bhd Quarterly Data
	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													132.94	117.36	113.48	128.45	144.73

Competitive Comparison of Nestcon Bhd's Days Payable

For the Engineering & Construction subindustry, Nestcon 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.

Nestcon Bhd's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nestcon Bhd's Days Payable distribution charts can be found below:

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

Nestcon 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.

Nestcon Bhd'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
=	( (204.891	+	317.976)	/	2 )	/	746.832	*	365
=	261.4335					/	746.832	*	365
=	127.77

Nestcon Bhd'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
=	( (317.976	+	312.894)	/	2 )	/	198.88	*	365 / 4
=	315.435					/	198.88	*	365 / 4
=	144.73

Nestcon Bhd Days Payable Related Terms

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Nestcon Bhd (XKLS:0235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nestcon Bhd (XKLS:0235) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-10, Jalan Kenari 13B, Bandar Puchong Jaya, Puchong, SGR, MYS, 47170

Website

https://www.nestcon.my

Nestcon Bhd is principally involved in the provision of construction services throughout Malaysia. Together with its subsidiaries, it operates in three reportable segments civil engineering and infrastructure works and building construction works, and Renewable energy. Construction services for buildings are categorized under the real estate construction market while construction services for civil engineering and infrastructure works are categorized under the civil engineering and specialized trade works market. Renewable Energy focuses on solar photovoltaic rooftop systems for residential, commercial, and industrial as well as the construction of large-scale solar PVThe majority of its revenue comes from Building services.

Nestcon Bhd (XKLS:0235) Headlines

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