Tien Wah Press Holdings Bhd (XKLS:7374) Days Payable : 85.43 (As of Dec. 2023)

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What is Tien Wah Press Holdings Bhd Days Payable?

Tien Wah Press Holdings Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM54.2 Mil. Tien Wah Press Holdings Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM57.8 Mil. Hence, Tien Wah Press Holdings Bhd's Days Payable for the three months ended in Dec. 2023 was 85.43.

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

XKLS:7374' s Days Payable Range Over the Past 10 Years
Min: 33.14 Med: 58.83 Max: 83.88
Current: 83.88

During the past 13 years, Tien Wah Press Holdings Bhd's highest Days Payable was 83.88. The lowest was 33.14. And the median was 58.83.

XKLS:7374's Days Payable is ranked better than
70.5% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs XKLS:7374: 83.88

Tien Wah Press Holdings Bhd's Days Payable declined from Dec. 2022 (87.57) to Dec. 2023 (85.43). It may suggest that Tien Wah Press Holdings Bhd accelerated paying its suppliers.

Tien Wah Press Holdings Bhd Days Payable Historical Data

The historical data trend for Tien Wah Press Holdings 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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Tien Wah Press Holdings Bhd Days Payable Chart

Tien Wah Press Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.31

76.18

75.02

67.33

55.05

Tien Wah Press Holdings Bhd 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															87.57	76.91	98.05	102.17	85.43

Competitive Comparison of Tien Wah Press Holdings Bhd's Days Payable

For the Specialty Business Services subindustry, Tien Wah Press Holdings 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.

Tien Wah Press Holdings Bhd's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Tien Wah Press Holdings Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Tien Wah Press Holdings Bhd's Days Payable falls into.

Tien Wah Press Holdings 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.

Tien Wah Press Holdings 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
=	( (32.746	+	36.662)	/	2 )	/	230.084	*	365
=	34.704					/	230.084	*	365
=	55.05

Tien Wah Press Holdings 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
=	( (71.638	+	36.662)	/	2 )	/	57.84	*	365 / 4
=	54.15					/	57.84	*	365 / 4
=	85.43

Tien Wah Press Holdings Bhd Days Payable Related Terms

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Tien Wah Press Holdings Bhd (XKLS:7374) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Tien Wah Press Holdings Bhd (XKLS:7374) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Jalan Prof. Khoo Kay Kim, Lot 03-8, 8th Floor, Menara Symphony, Seksyen 13, Petaling Jaya, SGR, MYS, 46200

Website

https://www.tienwah.com

Tien Wah Press Holdings Bhd is a print packaging company. It offers a packaging solution and produces mainly gravure and offset printed materials for tobacco packaging including cigarette packs, fast-moving consumer product packaging, and labels. Products of the group include flat unglued blanks, crash bottom or auto-lock cartons, labeled cartons, cartons with peelable labels/stickers, clamshells, and trays, UV coated cartons, glued skillet cartons, multiwall cartons comprising inner frames, cartons with CD inserts and barrier coated carton for grease and moisture resistance. The operating segment of the company is Printing and Trading and is managed on a worldwide basis and manufacturing facilities and sales offices are in Malaysia, Vietnam, Australia, United Arab Emirates, and Hong Kong.

Tien Wah Press Holdings Bhd (XKLS:7374) Headlines

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