Tata Steel Thailand PCL (BKK:TSTH) Days Payable : 9.16 (As of Mar. 2024)

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What is Tata Steel Thailand PCL Days Payable?

Tata Steel Thailand PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿683 Mil. Tata Steel Thailand PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿6,804 Mil. Hence, Tata Steel Thailand PCL's Days Payable for the three months ended in Mar. 2024 was 9.16.

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

BKK:TSTH' s Days Payable Range Over the Past 10 Years
Min: 10.07 Med: 12.46 Max: 19.56
Current: 11.34

During the past 13 years, Tata Steel Thailand PCL's highest Days Payable was 19.56. The lowest was 10.07. And the median was 12.46.

BKK:TSTH's Days Payable is ranked worse than
88.96% of 589 companies
in the Steel industry
Industry Median: 41.09 vs BKK:TSTH: 11.34

Tata Steel Thailand PCL's Days Payable declined from Mar. 2023 (11.47) to Mar. 2024 (9.16). It may suggest that Tata Steel Thailand PCL accelerated paying its suppliers.

Tata Steel Thailand PCL Days Payable Historical Data

The historical data trend for Tata Steel 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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Tata Steel Thailand PCL Days Payable Chart

Tata Steel Thailand PCL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

10.07

11.90

11.01

11.23

13.08

Tata Steel 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															11.47	13.08	11.11	10.46	9.16

Competitive Comparison of Tata Steel Thailand PCL's Days Payable

For the Steel subindustry, Tata Steel 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.

Tata Steel Thailand PCL's Days Payable Distribution in the Steel Industry

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

* The bar in red indicates where Tata Steel Thailand PCL's Days Payable falls into.

Tata Steel 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.

Tata Steel Thailand PCL's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (947.131	+	791.378)	/	2 )	/	24249.618	*	365
=	869.2545					/	24249.618	*	365
=	13.08

Tata Steel 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
=	( (574.802	+	791.378)	/	2 )	/	6803.857	*	365 / 4
=	683.09					/	6803.857	*	365 / 4
=	9.16

Tata Steel Thailand PCL Days Payable Related Terms

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Tata Steel Thailand PCL (BKK:TSTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tata Steel Thailand PCL (BKK:TSTH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MVX:Germany

Address

555 Phaholyothin Road, Rasa Tower 2, 20th Floor, Chatuchak Sub-district, Chatuchak District, Bangkok, THA, 10900

Website

https://www.tatasteelthailand.com

Tata Steel Thailand PCL is a Thailand-based holding company which is engaged in investing in other companies and providing management services. It is engaged in manufacturing, rendering manufacturing services, distributing and trading of steel bars, wire rods, and small-section products through its subsidiaries. The company operates in a single segment being the Manufacturing and distribution of long steel products. The product line of the company includes rebar, deformed bar, round bar, seismic bar, cut and bend bars, wire roads including high carbon wire rods and low carbon, special wire rods, and others.

Tata Steel Thailand PCL (BKK:TSTH) Headlines

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