TQM Alpha PCL (BKK:TQM) Days Payable : 5.36 (As of Dec. 2023)

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What is TQM Alpha PCL Days Payable?

TQM Alpha PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿25 Mil. TQM Alpha PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿418 Mil. Hence, TQM Alpha PCL's Days Payable for the three months ended in Dec. 2023 was 5.36.

The historical rank and industry rank for TQM Alpha PCL's Days Payable or its related term are showing as below:

BKK:TQM' s Days Payable Range Over the Past 10 Years
Min: 4.74 Med: 243.4 Max: 352.9
Current: 7.67

During the past 10 years, TQM Alpha PCL's highest Days Payable was 352.90. The lowest was 4.74. And the median was 243.40.

BKK:TQM's Days Payable is ranked worse than
89.8% of 49 companies
in the Insurance industry
Industry Median: 48.44 vs BKK:TQM: 7.67

TQM Alpha PCL's Days Payable declined from Dec. 2022 (5.48) to Dec. 2023 (5.36). It may suggest that TQM Alpha PCL accelerated paying its suppliers.

TQM Alpha PCL Days Payable Historical Data

The historical data trend for TQM Alpha PCL'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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TQM Alpha PCL Days Payable Chart

TQM Alpha PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

243.40

131.68

7.37

4.74

5.47

TQM Alpha PCL 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															5.48	6.13	11.27	10.46	5.36

Competitive Comparison of TQM Alpha PCL's Days Payable

For the Insurance Brokers subindustry, TQM Alpha PCL'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.

TQM Alpha PCL's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, TQM Alpha PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where TQM Alpha PCL's Days Payable falls into.

TQM Alpha PCL 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.

TQM Alpha PCL'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
=	( (28.741	+	23.314)	/	2 )	/	1735.449	*	365
=	26.0275					/	1735.449	*	365
=	5.47

TQM Alpha PCL'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
=	( (25.743	+	23.314)	/	2 )	/	417.596	*	365 / 4
=	24.5285					/	417.596	*	365 / 4
=	5.36

TQM Alpha PCL Days Payable Related Terms

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TQM Alpha PCL (BKK:TQM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » TQM Alpha PCL (BKK:TQM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 123, Ladplakao Road, Chorakhe Bua Subdistrict, Lat Phrao District, Bangkok, THA, 10230

Website

https://www.tqmalpha.com

TQM Alpha PCL is engaged in investment in companies that are focused on non-life insurance brokers, life insurance brokers, and provision of services as a manager, caregiver, collect benefits, and property management for related parties. It also provides procurement and consulting services for computer software and hardware.

TQM Alpha PCL (BKK:TQM) Headlines

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