CTS Global Equity Group (PHS:CTS) Days Payable : 907.64 (As of Mar. 2024)

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What is CTS Global Equity Group Days Payable?

CTS Global Equity Group's average Accounts Payable for the three months ended in Mar. 2024 was ₱164.3 Mil. CTS Global Equity Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱16.5 Mil. Hence, CTS Global Equity Group's Days Payable for the three months ended in Mar. 2024 was 907.64.

The historical rank and industry rank for CTS Global Equity Group's Days Payable or its related term are showing as below:

PHS:CTS' s Days Payable Range Over the Past 10 Years
Min: 945.77 Med: 1261.54 Max: 2480.51
Current: 1117.55

During the past 6 years, CTS Global Equity Group's highest Days Payable was 2480.51. The lowest was 945.77. And the median was 1261.54.

PHS:CTS's Days Payable is ranked better than
82.2% of 528 companies
in the Capital Markets industry
Industry Median: 105.34 vs PHS:CTS: 1117.55

CTS Global Equity Group's Days Payable declined from Mar. 2023 (993.69) to Mar. 2024 (907.64). It may suggest that CTS Global Equity Group accelerated paying its suppliers.

CTS Global Equity Group Days Payable Historical Data

The historical data trend for CTS Global Equity Group'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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CTS Global Equity Group Days Payable Chart

CTS Global Equity Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2,480.51

1,593.31

1,232.74

1,261.54

945.77

CTS Global Equity Group Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												993.69	1,376.89	1,513.65	847.18	907.64

Competitive Comparison of CTS Global Equity Group's Days Payable

For the Capital Markets subindustry, CTS Global Equity Group'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.

CTS Global Equity Group's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CTS Global Equity Group's Days Payable distribution charts can be found below:

* The bar in red indicates where CTS Global Equity Group's Days Payable falls into.

CTS Global Equity Group 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.

CTS Global Equity Group'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
=	( (174.109	+	152.276)	/	2 )	/	62.981	*	365
=	163.1925					/	62.981	*	365
=	945.77

CTS Global Equity Group'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
=	( (152.276	+	176.265)	/	2 )	/	16.515	*	365 / 4
=	164.2705					/	16.515	*	365 / 4
=	907.64

CTS Global Equity Group Days Payable Related Terms

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CTS Global Equity Group (PHS:CTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CTS Global Equity Group Inc (PHS:CTS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Exchange Road, Ortigas Center, 27th floor East Tower, Tektite Towers, Metro Manila, Pasig, PHL, 1605

Website

https://www.ctsglobalgroup.com

CTS Global Equity Group Inc is a stock brokerage firm in the Philippines. The company is engaged as Broker-Dealer in Securities and Proprietary Trading. It offers financial services to the clients, by giving them access to trade the Philippine market with the support and assistance of a seasoned broker. Its internship program, trader training, and client advisory business give its clients and stakeholders the opportunity to participate in the capital markets.