Sahamit Machinery PCL (BKK:SMIT) Days Payable : 37.60 (As of Dec. 2023)

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What is Sahamit Machinery PCL Days Payable?

Sahamit Machinery PCL's average Accounts Payable for the three months ended in Dec. 2023 was ฿103 Mil. Sahamit Machinery PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿251 Mil. Hence, Sahamit Machinery PCL's Days Payable for the three months ended in Dec. 2023 was 37.60.

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

BKK:SMIT' s Days Payable Range Over the Past 10 Years
Min: 33.21 Med: 40.75 Max: 49.89
Current: 34.96

During the past 13 years, Sahamit Machinery PCL's highest Days Payable was 49.89. The lowest was 33.21. And the median was 40.75.

BKK:SMIT's Days Payable is ranked worse than
56.54% of 589 companies
in the Steel industry
Industry Median: 41.09 vs BKK:SMIT: 34.96

Sahamit Machinery PCL's Days Payable declined from Dec. 2022 (43.40) to Dec. 2023 (37.60). It may suggest that Sahamit Machinery PCL accelerated paying its suppliers.

Sahamit Machinery PCL Days Payable Historical Data

The historical data trend for Sahamit Machinery 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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Sahamit Machinery PCL Days Payable Chart

Sahamit Machinery PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.89

33.21

36.55

34.86

38.17

Sahamit Machinery 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															43.40	35.13	33.19	30.95	37.60

Competitive Comparison of Sahamit Machinery PCL's Days Payable

For the Steel subindustry, Sahamit Machinery 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.

Sahamit Machinery PCL's Days Payable Distribution in the Steel Industry

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

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

Sahamit Machinery 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.

Sahamit Machinery 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
=	( (123.789	+	105.529)	/	2 )	/	1096.492	*	365
=	114.659					/	1096.492	*	365
=	38.17

Sahamit Machinery 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
=	( (101.398	+	105.529)	/	2 )	/	251.064	*	365 / 4
=	103.4635					/	251.064	*	365 / 4
=	37.60

Sahamit Machinery PCL Days Payable Related Terms

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Sahamit Machinery PCL (BKK:SMIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sahamit Machinery PCL (BKK:SMIT) » Definitions » Days Payable

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Traded in Other Exchanges

N/A

Address

42, 48 Soi chokchaijongjumroen Rama 3 Road, Bangpongpang, Yannawa, Bangkok, THA, 10120

Website

http://www.sahamit.co.th

Sahamit Machinery PCL is a thailand-based company engaged in the distribution of industrial machinery and equipment. It operates in five product groups: special steels, machine tools and tooling, pulp and paper, machinery and equipment for wood processing, and electrical engineering. The business segments of the group are; Steel and Heat treatment, Machine tools and Tooling and Others. Steel and Heat treatment include special tool steels, carbonitriding, Annealing, machinery, and carbon steels contribute majority revenue of the firm. Machine tools and tooling products include electrical discharge machine, milling cutters, and inserts for milling. It mainly operates in Thailand, and derives main revenue from the Steel and Heat treatment segment.