Crown Asia Chemicals (PHS:CROWN) Days Payable : 69.92 (As of Mar. 2024)

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What is Crown Asia Chemicals Days Payable?

Crown Asia Chemicals's average Accounts Payable for the three months ended in Mar. 2024 was ₱216 Mil. Crown Asia Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱282 Mil. Hence, Crown Asia Chemicals's Days Payable for the three months ended in Mar. 2024 was 69.92.

The historical rank and industry rank for Crown Asia Chemicals's Days Payable or its related term are showing as below:

PHS:CROWN' s Days Payable Range Over the Past 10 Years
Min: 53.62 Med: 64.62 Max: 101.42
Current: 81.65

During the past 11 years, Crown Asia Chemicals's highest Days Payable was 101.42. The lowest was 53.62. And the median was 64.62.

PHS:CROWN's Days Payable is ranked better than
67.29% of 1498 companies
in the Chemicals industry
Industry Median: 60.475 vs PHS:CROWN: 81.65

Crown Asia Chemicals's Days Payable declined from Mar. 2023 (82.06) to Mar. 2024 (69.92). It may suggest that Crown Asia Chemicals accelerated paying its suppliers.

Crown Asia Chemicals Days Payable Historical Data

The historical data trend for Crown Asia Chemicals'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.

Crown Asia Chemicals Days Payable Chart

Crown Asia Chemicals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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62.16

101.42

67.07

58.97

57.65

Crown Asia Chemicals 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															82.06	78.42	82.01	92.81	69.92

Competitive Comparison of Crown Asia Chemicals's Days Payable

For the Specialty Chemicals subindustry, Crown Asia Chemicals'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.

Crown Asia Chemicals's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Crown Asia Chemicals's Days Payable distribution charts can be found below:

* The bar in red indicates where Crown Asia Chemicals's Days Payable falls into.

Crown Asia Chemicals 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.

Crown Asia Chemicals'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
=	( (141.779	+	160.432)	/	2 )	/	956.681	*	365
=	151.1055					/	956.681	*	365
=	57.65

Crown Asia Chemicals'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
=	( (160.432	+	271.101)	/	2 )	/	281.59	*	365 / 4
=	215.7665					/	281.59	*	365 / 4
=	69.92

Crown Asia Chemicals Days Payable Related Terms

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Crown Asia Chemicals (PHS:CROWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Crown Asia Chemicals Corp (PHS:CROWN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Km. 33, MacArthur Highway, Bo. Tuktukan, Guiguinto, BUL, PHL

Website

https://www.crownpvc.com.ph

Crown Asia Chemicals Corp is a chemical company. It is engaged in the manufacturing, importing, exporting, buying, selling, or otherwise dealing in, wholesale and retail goods such as plastic, synthetic resins, compounds, and other allied or related products of a similar nature. It is organized into four business segments: Compounds which is the highest revenue-generating segment, Pipes, Polypropylene Random (PPR)/High-density Polyethylene (HDPE), and Roofing. The Compounds segment includes PVC compounds for wires, cables, bottles, integrated circuit tube packaging, and films. The Pipes segment includes PVC pipes and fittings; PRC pipes and fittings; and high-density Polyethylene pipes and fittings. The Roofing segment includes unplasticized PVC roofing materials.

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