Lohakit Metal PCL (BKK:LHK) Days Payable : 55.38 (As of Dec. 2023)

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What is Lohakit Metal PCL Days Payable?

Lohakit Metal PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿352 Mil. Lohakit Metal PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿580 Mil. Hence, Lohakit Metal PCL's Days Payable for the three months ended in Dec. 2023 was 55.38.

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

BKK:LHK' s Days Payable Range Over the Past 10 Years
Min: 47.76 Med: 62.91 Max: 66.83
Current: 49.95

During the past 13 years, Lohakit Metal PCL's highest Days Payable was 66.83. The lowest was 47.76. And the median was 62.91.

BKK:LHK's Days Payable is ranked better than
57.39% of 589 companies
in the Steel industry
Industry Median: 41.09 vs BKK:LHK: 49.95

Lohakit Metal PCL's Days Payable increased from Dec. 2022 (44.67) to Dec. 2023 (55.38). It may suggest that Lohakit Metal PCL delayed paying its suppliers.

Lohakit Metal PCL Days Payable Historical Data

The historical data trend for Lohakit Metal 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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Lohakit Metal PCL Days Payable Chart

Lohakit Metal PCL Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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65.22

62.20

63.62

65.33

66.15

Lohakit Metal 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															44.67	46.24	55.82	46.61	55.38

Competitive Comparison of Lohakit Metal PCL's Days Payable

For the Steel subindustry, Lohakit Metal 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.

Lohakit Metal PCL's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Lohakit Metal PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Lohakit Metal PCL's Days Payable falls into.

Lohakit Metal 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.

Lohakit Metal PCL's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (500.511	+	388.32)	/	2 )	/	2452.202	*	365
=	444.4155					/	2452.202	*	365
=	66.15

Lohakit Metal 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
=	( (364.749	+	339.152)	/	2 )	/	579.898	*	365 / 4
=	351.9505					/	579.898	*	365 / 4
=	55.38

Lohakit Metal PCL Days Payable Related Terms

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Lohakit Metal PCL (BKK:LHK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Lohakit Metal PCL (BKK:LHK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

66/1 Moo 6 Suksawad Road, Phrapradaeng, Samutprakarn, Bangjak, THA, 10130

Website

https://www.lohakit.co.th

Lohakit Metal PCL is engaged in the processing, distribution, and shearing of stainless steel, steel, and metal products in Thailand. It offers cold and hot rolled, austenitic, ferritic, and specialized stainless-steel products; ornamental tubes, square and rectangular tubes, automotive pipe, electro-galvanized steel, and galvanized steel products. The company's operating segments include Production and Distribution; and Procurement and Distribution. The company generates the majority of its revenues from Production and Distribution.

Lohakit Metal PCL (BKK:LHK) Headlines

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