Tien Phong Plastic JSC (HSTC:NTP) Days Payable : 35.23 (As of Mar. 2024)

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What is Tien Phong Plastic JSC Days Payable?

Tien Phong Plastic JSC's average Accounts Payable for the three months ended in Mar. 2024 was ₫260,348 Mil. Tien Phong Plastic JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫674,283 Mil. Hence, Tien Phong Plastic JSC's Days Payable for the three months ended in Mar. 2024 was 35.23.

The historical rank and industry rank for Tien Phong Plastic JSC's Days Payable or its related term are showing as below:

HSTC:NTP' s Days Payable Range Over the Past 10 Years
Min: 11.89 Med: 22.42 Max: 30.79
Current: 23.17

During the past 13 years, Tien Phong Plastic JSC's highest Days Payable was 30.79. The lowest was 11.89. And the median was 22.42.

HSTC:NTP's Days Payable is ranked worse than
93.13% of 1602 companies
in the Construction industry
Industry Median: 75.99 vs HSTC:NTP: 23.17

Tien Phong Plastic JSC's Days Payable increased from Mar. 2023 (24.40) to Mar. 2024 (35.23). It may suggest that Tien Phong Plastic JSC delayed paying its suppliers.

Tien Phong Plastic JSC Days Payable Historical Data

The historical data trend for Tien Phong Plastic JSC'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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Tien Phong Plastic JSC Days Payable Chart

Tien Phong Plastic JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

28.98

22.74

17.79

22.10

30.27

Tien Phong Plastic JSC 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															24.40	18.33	17.20	25.66	35.23

Competitive Comparison of Tien Phong Plastic JSC's Days Payable

For the Building Products & Equipment subindustry, Tien Phong Plastic JSC'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.

Tien Phong Plastic JSC's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tien Phong Plastic JSC's Days Payable distribution charts can be found below:

* The bar in red indicates where Tien Phong Plastic JSC's Days Payable falls into.

Tien Phong Plastic JSC 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.

Tien Phong Plastic JSC'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
=	( (287076.378	+	313255.093)	/	2 )	/	3619645.132	*	365
=	300165.7355					/	3619645.132	*	365
=	30.27

Tien Phong Plastic JSC'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
=	( (313255.093	+	207440.998)	/	2 )	/	674282.656	*	365 / 4
=	260348.0455					/	674282.656	*	365 / 4
=	35.23

Tien Phong Plastic JSC Days Payable Related Terms

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Tien Phong Plastic JSC (HSTC:NTP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tien Phong Plastic JSC (HSTC:NTP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.2 An Da, Lach Tray Ward, Ngo Quyen District, Hai Phong, VNM

Website

http://www.nhuatienphong.vn

Tien Phong Plastic JSC manufactures and trades plastic products for use in civil consumption, construction, industrial, agricultural, fisheries, and transportation. Business activity is primarily operated through Vietnam. Its products include plastic pipes, tubes, and fittings such as solvent cement joint pipe, pipe with gasket, Clean out, traped flange, valve PVC fence, and others.

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