Formosa Chemicals & Fibre (TPE:1326) Days Payable : 18.28 (As of Dec. 2023)

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What is Formosa Chemicals & Fibre Days Payable?

Formosa Chemicals & Fibre's average Accounts Payable for the three months ended in Dec. 2023 was NT$16,792 Mil. Formosa Chemicals & Fibre's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$83,813 Mil. Hence, Formosa Chemicals & Fibre's Days Payable for the three months ended in Dec. 2023 was 18.28.

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

TPE:1326' s Days Payable Range Over the Past 10 Years
Min: 19.26 Med: 25.47 Max: 29.26
Current: 20.29

During the past 13 years, Formosa Chemicals & Fibre's highest Days Payable was 29.26. The lowest was 19.26. And the median was 25.47.

TPE:1326's Days Payable is ranked worse than
89.96% of 1504 companies
in the Chemicals industry
Industry Median: 60.975 vs TPE:1326: 20.29

Formosa Chemicals & Fibre's Days Payable declined from Dec. 2022 (20.83) to Dec. 2023 (18.28). It may suggest that Formosa Chemicals & Fibre accelerated paying its suppliers.

Formosa Chemicals & Fibre Days Payable Historical Data

The historical data trend for Formosa Chemicals & Fibre'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 Chemicals & Fibre Days Payable Chart

Formosa Chemicals & Fibre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

25.48

29.26

23.11

19.93

19.26

Formosa Chemicals & Fibre 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															20.83	22.12	22.57	19.43	18.28

Competitive Comparison of Formosa Chemicals & Fibre's Days Payable

For the Chemicals subindustry, Formosa Chemicals & Fibre'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 Chemicals & Fibre's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Formosa Chemicals & Fibre's Days Payable distribution charts can be found below:

* The bar in red indicates where Formosa Chemicals & Fibre's Days Payable falls into.

Formosa Chemicals & Fibre 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 Chemicals & Fibre'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
=	( (18685.992	+	15209.677)	/	2 )	/	321195.091	*	365
=	16947.8345					/	321195.091	*	365
=	19.26

Formosa Chemicals & Fibre'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
=	( (18373.717	+	15209.677)	/	2 )	/	83812.69	*	365 / 4
=	16791.697					/	83812.69	*	365 / 4
=	18.28

Formosa Chemicals & Fibre Days Payable Related Terms

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Formosa Chemicals & Fibre (TPE:1326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosa Chemicals & Fibre Corp (TPE:1326) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dunhua North Road, Number 201, Songshan District, Taipei, TWN, 105

Website

https://www.fcfc.com.tw

Formosa Chemicals & Fibre Corp manufactures and sells a variety of chemicals, plastics-based products, and textiles. The Company has eight business divisions, namely First Chemical Division, Petrochemicals Division, Third Chemical Division, Plastics Division, Textile Division, First Fiber Division, Second Fiber Division, and Engineering & Construction Division. The Company's businesses are production and sales of petrochemical products, including PTA, PS, AN, Butadiene, SM polymer, SM, benzene, toluene, pxylene (PX) and o-xylene (OX), as well as nylon fiber, and rayon staple fiber. The Company is also engaged in spinning, weaving, dyeing and finishing.

Formosa Chemicals & Fibre (TPE:1326) Headlines

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