Thrace Plastics Holding and Commercial (ATH:PLAT) Days Payable : 59.68 (As of Dec. 2023)

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What is Thrace Plastics Holding and Commercial Days Payable?

Thrace Plastics Holding and Commercial's average Accounts Payable for the three months ended in Dec. 2023 was €40.0 Mil. Thrace Plastics Holding and Commercial's Cost of Goods Sold for the three months ended in Dec. 2023 was €61.1 Mil. Hence, Thrace Plastics Holding and Commercial's Days Payable for the three months ended in Dec. 2023 was 59.68.

The historical rank and industry rank for Thrace Plastics Holding and Commercial's Days Payable or its related term are showing as below:

ATH:PLAT' s Days Payable Range Over the Past 10 Years
Min: 48.41 Med: 52.62 Max: 58.84
Current: 58.09

During the past 13 years, Thrace Plastics Holding and Commercial's highest Days Payable was 58.84. The lowest was 48.41. And the median was 52.62.

ATH:PLAT's Days Payable is ranked better than
51.52% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs ATH:PLAT: 58.09

Thrace Plastics Holding and Commercial's Days Payable declined from Dec. 2022 (65.42) to Dec. 2023 (59.68). It may suggest that Thrace Plastics Holding and Commercial accelerated paying its suppliers.

Thrace Plastics Holding and Commercial Days Payable Historical Data

The historical data trend for Thrace Plastics Holding and Commercial'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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Thrace Plastics Holding and Commercial Days Payable Chart

Thrace Plastics Holding and Commercial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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58.84

51.44

53.90

56.54

53.80

Thrace Plastics Holding and Commercial 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															65.42	54.05	63.99	59.42	59.68

Competitive Comparison of Thrace Plastics Holding and Commercial's Days Payable

For the Textile Manufacturing subindustry, Thrace Plastics Holding and Commercial'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.

Thrace Plastics Holding and Commercial's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thrace Plastics Holding and Commercial's Days Payable distribution charts can be found below:

* The bar in red indicates where Thrace Plastics Holding and Commercial's Days Payable falls into.

Thrace Plastics Holding and Commercial 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.

Thrace Plastics Holding and Commercial'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
=	( (40.63	+	38.462)	/	2 )	/	268.304	*	365
=	39.546					/	268.304	*	365
=	53.80

Thrace Plastics Holding and Commercial'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
=	( (41.443	+	38.462)	/	2 )	/	61.092	*	365 / 4
=	39.9525					/	61.092	*	365 / 4
=	59.68

Thrace Plastics Holding and Commercial Days Payable Related Terms

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Thrace Plastics Holding and Commercial (ATH:PLAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thrace Plastics Holding and Commercial SA (ATH:PLAT) » Definitions » Days Payable

Traded in Other Exchanges

TP3:Germany

Address

20 Marinou Antypa Street, Alimos, Attica, Athens, GRC, 17455

Website

https://www.thracegroup.com

Thrace Plastics Holding and Commercial SA are engaged in the production and distribution of polypropylene products. The business segments of the company are the technical fabrics sector which is concerned with the production and trade of synthetic fabrics for industrial and technical uses; packaging sector which is concerned with production and trade of industrial products, including mainly bags, big bags and palletizing film for the packaging of fertilizers, fish feed, animal feed and chemical and inert materials; and Agricultural sector that involves the production of tomatoes by applying the hydroponic methodology and the utilization and use of geothermal energy.