Thai-German Products PCL (BKK:TGPRO) Days Payable : 78.80 (As of Mar. 2024)

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What is Thai-German Products PCL Days Payable?

Thai-German Products PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿274 Mil. Thai-German Products PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿317 Mil. Hence, Thai-German Products PCL's Days Payable for the three months ended in Mar. 2024 was 78.80.

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

BKK:TGPRO' s Days Payable Range Over the Past 10 Years
Min: 63.93 Med: 96.2 Max: 110.9
Current: 74.4

During the past 13 years, Thai-German Products PCL's highest Days Payable was 110.90. The lowest was 63.93. And the median was 96.20.

BKK:TGPRO's Days Payable is ranked better than
72.04% of 583 companies
in the Steel industry
Industry Median: 41.52 vs BKK:TGPRO: 74.40

Thai-German Products PCL's Days Payable increased from Mar. 2023 (52.76) to Mar. 2024 (78.80). It may suggest that Thai-German Products PCL delayed paying its suppliers.

Thai-German Products PCL Days Payable Historical Data

The historical data trend for Thai-German Products 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.

* Premium members only.

Thai-German Products PCL Days Payable Chart

Thai-German Products PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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97.94

109.88

102.77

77.35

63.93

Thai-German Products 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															52.76	70.64	73.64	85.27	78.80

Competitive Comparison of Thai-German Products PCL's Days Payable

For the Steel subindustry, Thai-German Products 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.

Thai-German Products PCL's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Thai-German Products PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Thai-German Products PCL's Days Payable falls into.

Thai-German Products 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.

Thai-German Products 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
=	( (270.397	+	265.564)	/	2 )	/	1529.954	*	365
=	267.9805					/	1529.954	*	365
=	63.93

Thai-German Products 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
=	( (265.564	+	281.5)	/	2 )	/	316.749	*	365 / 4
=	273.532					/	316.749	*	365 / 4
=	78.80

Thai-German Products PCL Days Payable Related Terms

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Thai-German Products PCL (BKK:TGPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Thai-German Products PCL (BKK:TGPRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Huaypong-Nongbon Road, Tambol Huaypong, Amphur Muang, Rayong, THA, 21150

Website

https://www.tgpro.co.th

Thai-German Products PCL is a Thailand based company engaged in the business of manufacturing and distribution of stainless steel products such as pipe, axle, and other equipment, under trademark by TGPRO. It has three operating segments: the Stainless and service selling segment, which is the key revenue driver, includes steel pipes, steel sheets, steel shafts, and steel fittings; the Stereo sales segment sells stereo equipment, telephone equipment, and spare parts; an agriculture selling segment includes vegetables and seed. It sells its product in Thailand and other countries, of which a majority of the revenue is generated from the Thailand market.

Thai-German Products PCL (BKK:TGPRO) Headlines

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