Formosa Petrochemical (TPE:6505) Days Payable : 9.12 (As of Mar. 2024)

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What is Formosa Petrochemical Days Payable?

Formosa Petrochemical's average Accounts Payable for the three months ended in Mar. 2024 was NT$16,497 Mil. Formosa Petrochemical's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$165,131 Mil. Hence, Formosa Petrochemical's Days Payable for the three months ended in Mar. 2024 was 9.12.

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

TPE:6505' s Days Payable Range Over the Past 10 Years
Min: 5.69 Med: 10.08 Max: 12.3
Current: 10.08

During the past 13 years, Formosa Petrochemical's highest Days Payable was 12.30. The lowest was 5.69. And the median was 10.08.

TPE:6505's Days Payable is ranked worse than
93.78% of 901 companies
in the Oil & Gas industry
Industry Median: 61.11 vs TPE:6505: 10.08

Formosa Petrochemical's Days Payable increased from Mar. 2023 (7.79) to Mar. 2024 (9.12). It may suggest that Formosa Petrochemical delayed paying its suppliers.

Formosa Petrochemical Days Payable Historical Data

The historical data trend for Formosa Petrochemical'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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Formosa Petrochemical Days Payable Chart

Formosa Petrochemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

10.27

10.91

12.30

10.15

10.00

Formosa Petrochemical 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															7.79	7.92	13.09	13.03	9.12

Competitive Comparison of Formosa Petrochemical's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Formosa Petrochemical'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.

Formosa Petrochemical's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Formosa Petrochemical's Days Payable distribution charts can be found below:

* The bar in red indicates where Formosa Petrochemical's Days Payable falls into.

Formosa Petrochemical 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.

Formosa Petrochemical'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
=	( (19599.32	+	17957.513)	/	2 )	/	685553.532	*	365
=	18778.4165					/	685553.532	*	365
=	10.00

Formosa Petrochemical'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
=	( (17957.513	+	15036.756)	/	2 )	/	165130.587	*	365 / 4
=	16497.1345					/	165130.587	*	365 / 4
=	9.12

Formosa Petrochemical Days Payable Related Terms

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Formosa Petrochemical (TPE:6505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Formosa Petrochemical Corp (TPE:6505) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1-1, Formosa Plastics Industrial Park, Zhongxing Village, Mailiao Township, Yunlin County, Taipei, TWN, 638

Website

http://www.fpcc.com.tw

Formosa Petrochemical Corp engages in refining crude oil, selling refined petroleum products, and producing and selling olefins. The firm operates in two segments. The Petrochemical segment that derives majority revenue engages in producing and selling petroleum, and petrochemical products. The Public utility segment engages in producing and selling water, electricity, and steam. Its product offerings comprise gasoline, jet fuel, kerosene, fuel oil, asphalt, sulfur, lubricant, diesel, naphtha, and liquid petroleum gas.

Formosa Petrochemical (TPE:6505) Headlines

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