Starflex PCL (BKK:SFLEX) Days Payable : 63.07 (As of Mar. 2024)

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What is Starflex PCL Days Payable?

Starflex PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿255 Mil. Starflex PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿368 Mil. Hence, Starflex PCL's Days Payable for the three months ended in Mar. 2024 was 63.07.

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

BKK:SFLEX' s Days Payable Range Over the Past 10 Years
Min: 56.27 Med: 64.53 Max: 81.04
Current: 67.65

During the past 8 years, Starflex PCL's highest Days Payable was 81.04. The lowest was 56.27. And the median was 64.53.

BKK:SFLEX's Days Payable is ranked better than
56.64% of 369 companies
in the Packaging & Containers industry
Industry Median: 58.45 vs BKK:SFLEX: 67.65

Starflex PCL's Days Payable increased from Mar. 2023 (58.17) to Mar. 2024 (63.07). It may suggest that Starflex PCL delayed paying its suppliers.

Starflex PCL Days Payable Historical Data

The historical data trend for Starflex 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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Starflex PCL Days Payable Chart

Starflex PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.36

75.33

57.43

56.27

59.63

Starflex 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															58.17	69.90	70.43	62.44	63.07

Competitive Comparison of Starflex PCL's Days Payable

For the Packaging & Containers subindustry, Starflex 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.

Starflex PCL's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Starflex PCL's Days Payable distribution charts can be found below:

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

Starflex 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.

Starflex 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
=	( (213.939	+	231.965)	/	2 )	/	1364.765	*	365
=	222.952					/	1364.765	*	365
=	59.63

Starflex 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
=	( (231.965	+	277.234)	/	2 )	/	368.368	*	365 / 4
=	254.5995					/	368.368	*	365 / 4
=	63.07

Starflex PCL Days Payable Related Terms

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Starflex PCL (BKK:SFLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Starflex PCL (BKK:SFLEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

189 / 48-49 Moo.3, Theparak Road, T. Bangpreang, A. Bangbo, Samutprakan, Bangkok, THA, 10560

Website

https://www.starflex.co.th

Starflex PCL is engaged in the manufacture and distribution of flexible packaging. The company provides packaging for home and personal products, medical products, and food industries. There are three operating business segments: Packaging products for food, Packaging products for non-food, and Other segment. Non-food packaging segment generates a vast majority of the revenues. The company operates in Thailand only.

Starflex PCL (BKK:SFLEX) Headlines

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