Hwa Fong Rubber (Thailand) PCL (BKK:HFT-R) Days Payable : 34.78 (As of Mar. 2024)

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What is Hwa Fong Rubber (Thailand) PCL Days Payable?

Hwa Fong Rubber (Thailand) PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿213 Mil. Hwa Fong Rubber (Thailand) PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿559 Mil. Hence, Hwa Fong Rubber (Thailand) PCL's Days Payable for the three months ended in Mar. 2024 was 34.78.

The historical rank and industry rank for Hwa Fong Rubber (Thailand) PCL's Days Payable or its related term are showing as below:

BKK:HFT-R' s Days Payable Range Over the Past 10 Years
Min: 31.05 Med: 38.26 Max: 48.34
Current: 36.75

During the past 13 years, Hwa Fong Rubber (Thailand) PCL's highest Days Payable was 48.34. The lowest was 31.05. And the median was 38.26.

BKK:HFT-R's Days Payable is ranked worse than
79.78% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 66.92 vs BKK:HFT-R: 36.75

Hwa Fong Rubber (Thailand) PCL's Days Payable increased from Mar. 2023 (31.73) to Mar. 2024 (34.78). It may suggest that Hwa Fong Rubber (Thailand) PCL delayed paying its suppliers.

Hwa Fong Rubber (Thailand) PCL Days Payable Historical Data

The historical data trend for Hwa Fong Rubber (Thailand) 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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Hwa Fong Rubber (Thailand) PCL Days Payable Chart

Hwa Fong Rubber (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.28

48.34

45.11

38.24

34.28

Hwa Fong Rubber (Thailand) PCL 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															31.73	36.37	44.41	36.91	34.78

Competitive Comparison of Hwa Fong Rubber (Thailand) PCL's Days Payable

For the Auto Parts subindustry, Hwa Fong Rubber (Thailand) 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.

Hwa Fong Rubber (Thailand) PCL's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hwa Fong Rubber (Thailand) PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Hwa Fong Rubber (Thailand) PCL's Days Payable falls into.

Hwa Fong Rubber (Thailand) 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.

Hwa Fong Rubber (Thailand) 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
=	( (188.935	+	221.842)	/	2 )	/	2186.676	*	365
=	205.3885					/	2186.676	*	365
=	34.28

Hwa Fong Rubber (Thailand) PCL'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
=	( (221.842	+	204.613)	/	2 )	/	559.496	*	365 / 4
=	213.2275					/	559.496	*	365 / 4
=	34.78

Hwa Fong Rubber (Thailand) PCL Days Payable Related Terms

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Hwa Fong Rubber (Thailand) PCL (BKK:HFT-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hwa Fong Rubber (Thailand) PCL (BKK:HFT-R) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HFT:Thailand

Address

No. 317 Moo 4, Soi 6C, Bangpoo Industrial Estate, Praksa, Muang Samut Prakan, Samut Prakarn, THA, 10280

Website

https://www.duro.co.th

Hwa Fong Rubber (Thailand) PCL is engaged in the manufacturing and distribution of tires and tubes for bicycles, motorcycles and small logistics vehicles such as trolley forklift, golf cart, and hiking cart. The company operates in two segments: Sale of goods and Investment. Geographically the business is spread across Asia, Europe, America, and others.

Hwa Fong Rubber (Thailand) PCL (BKK:HFT-R) Headlines

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