Kingcan Holdings (TPE:8411) Days Payable : 34.54 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Kingcan Holdings Days Payable?

Kingcan Holdings's average Accounts Payable for the three months ended in Mar. 2024 was NT$697 Mil. Kingcan Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,840 Mil. Hence, Kingcan Holdings's Days Payable for the three months ended in Mar. 2024 was 34.54.

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

TPE:8411' s Days Payable Range Over the Past 10 Years
Min: 33.4 Med: 40.25 Max: 55.81
Current: 34.5

During the past 13 years, Kingcan Holdings's highest Days Payable was 55.81. The lowest was 33.40. And the median was 40.25.

TPE:8411's Days Payable is ranked worse than
78.65% of 370 companies
in the Packaging & Containers industry
Industry Median: 57.555 vs TPE:8411: 34.50

Kingcan Holdings's Days Payable declined from Mar. 2023 (46.90) to Mar. 2024 (34.54). It may suggest that Kingcan Holdings accelerated paying its suppliers.

Kingcan Holdings Days Payable Historical Data

The historical data trend for Kingcan Holdings'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.

Kingcan Holdings Days Payable Chart

Kingcan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

43.54

55.81

41.38

36.49

37.21

Kingcan Holdings 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															46.90	35.91	33.86	35.59	34.54

Competitive Comparison of Kingcan Holdings's Days Payable

For the Packaging & Containers subindustry, Kingcan Holdings'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.

Kingcan Holdings's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Kingcan Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Kingcan Holdings's Days Payable falls into.

Kingcan Holdings 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.

Kingcan Holdings'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
=	( (801.11	+	711.113)	/	2 )	/	7417.71	*	365
=	756.1115					/	7417.71	*	365
=	37.21

Kingcan Holdings'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
=	( (711.113	+	682.101)	/	2 )	/	1840.411	*	365 / 4
=	696.607					/	1840.411	*	365 / 4
=	34.54

Kingcan Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of Kingcan Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Kingcan Holdings (TPE:8411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Kingcan Holdings Ltd (TPE:8411) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hibiscus Way, 802 West Bay Road, PO Box 31119 Grand Pavilion, Grand Cayman, CYM, KY1-1205

Website

https://www.kingcanholdings.com

Kingcan Holdings Ltd specializes in the production of metal packaging containers for all types of easy-to-open three-piece tinplate beverage cans, food, and vegetable cans. Its products and services include Tinplate packaging containers, Aluminum product packaging containers, Tinplate color printing, Tinplate coating, Food, and beverage filling, and others. The majority of the revenue is generated from China.

Kingcan Holdings (TPE:8411) Headlines

No Headlines