First Abacus Financial Holdings (PHS:FAF) Days Payable : 1,258.95 (As of Mar. 2024)

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What is First Abacus Financial Holdings Days Payable?

First Abacus Financial Holdings's average Accounts Payable for the three months ended in Mar. 2024 was ₱402.52 Mil. First Abacus Financial Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱29.18 Mil. Hence, First Abacus Financial Holdings's Days Payable for the three months ended in Mar. 2024 was 1,258.95.

The historical rank and industry rank for First Abacus Financial Holdings's Days Payable or its related term are showing as below:

PHS:FAF' s Days Payable Range Over the Past 10 Years
Min: 284.93 Med: 1770.57 Max: 2534.23
Current: 1655.04

During the past 13 years, First Abacus Financial Holdings's highest Days Payable was 2534.23. The lowest was 284.93. And the median was 1770.57.

PHS:FAF's Days Payable is ranked better than
85.98% of 528 companies
in the Capital Markets industry
Industry Median: 105.34 vs PHS:FAF: 1655.04

First Abacus Financial Holdings's Days Payable declined from Mar. 2023 (1,615.04) to Mar. 2024 (1,258.95). It may suggest that First Abacus Financial Holdings accelerated paying its suppliers.

First Abacus Financial Holdings Days Payable Historical Data

The historical data trend for First Abacus Financial Holdings'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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First Abacus Financial Holdings Days Payable Chart

First Abacus Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,867.11

2,534.23

2,287.21

2,130.99

1,924.65

First Abacus Financial Holdings 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															1,615.04	1,392.63	1,783.93	2,883.56	1,258.95

Competitive Comparison of First Abacus Financial Holdings's Days Payable

For the Capital Markets subindustry, First Abacus Financial Holdings'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.

First Abacus Financial Holdings's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, First Abacus Financial Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where First Abacus Financial Holdings's Days Payable falls into.

First Abacus Financial Holdings 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.

First Abacus Financial Holdings'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
=	( (679.755	+	446.645)	/	2 )	/	106.808	*	365
=	563.2					/	106.808	*	365
=	1,924.65

First Abacus Financial Holdings'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
=	( (446.645	+	358.396)	/	2 )	/	29.175	*	365 / 4
=	402.5205					/	29.175	*	365 / 4
=	1,258.95

First Abacus Financial Holdings Days Payable Related Terms

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First Abacus Financial Holdings (PHS:FAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » First Abacus Financial Holdings Corp (PHS:FAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Exchange Road, Ortigas Center, Unit 2904-A East Tower, Philippine Stock Exchange Centre, Pasig, PHL, 1600

Website

http://www.firstabacusfinancial.com.ph

First Abacus Financial Holdings Corp is engaged in, through its subsidiaries, stockbroking activities, investment banking, real estate business, and other financial services. The company provides financial advisory services, debt underwriting and loan arrangements service, treasury sales service, and others. Its segments include Securities brokerage; Investment banking; Leasing and others, of which key revenue is generated from the Securities brokerage segment which handles buying and selling of shares of stock, bonds, and other securities.