The Southern Rubber Industry JSC (STC:CSM) Days Payable : 27.91 (As of Mar. 2024)

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What is The Southern Rubber Industry JSC Days Payable?

The Southern Rubber Industry JSC's average Accounts Payable for the three months ended in Mar. 2024 was ₫305,743 Mil. The Southern Rubber Industry JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫999,614 Mil. Hence, The Southern Rubber Industry JSC's Days Payable for the three months ended in Mar. 2024 was 27.91.

The historical rank and industry rank for The Southern Rubber Industry JSC's Days Payable or its related term are showing as below:

STC:CSM' s Days Payable Range Over the Past 10 Years
Min: 22.24 Med: 27.73 Max: 36.66
Current: 28.15

During the past 13 years, The Southern Rubber Industry JSC's highest Days Payable was 36.66. The lowest was 22.24. And the median was 27.73.

STC:CSM's Days Payable is ranked worse than
87.07% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 66.5 vs STC:CSM: 28.15

The Southern Rubber Industry JSC's Days Payable increased from Mar. 2023 (26.47) to Mar. 2024 (27.91). It may suggest that The Southern Rubber Industry JSC delayed paying its suppliers.

The Southern Rubber Industry JSC Days Payable Historical Data

The historical data trend for The Southern Rubber Industry 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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The Southern Rubber Industry JSC Days Payable Chart

The Southern Rubber Industry JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

29.13

23.06

22.24

23.92

26.44

The Southern Rubber Industry 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															26.47	28.66	30.83	28.85	27.91

Competitive Comparison of The Southern Rubber Industry JSC's Days Payable

For the Auto Parts subindustry, The Southern Rubber Industry 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.

The Southern Rubber Industry JSC's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, The Southern Rubber Industry JSC's Days Payable distribution charts can be found below:

* The bar in red indicates where The Southern Rubber Industry JSC's Days Payable falls into.

The Southern Rubber Industry 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.

The Southern Rubber Industry 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
=	( (336492.756	+	341130.201)	/	2 )	/	4677740.773	*	365
=	338811.4785					/	4677740.773	*	365
=	26.44

The Southern Rubber Industry 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
=	( (341130.201	+	270354.805)	/	2 )	/	999613.829	*	365 / 4
=	305742.503					/	999613.829	*	365 / 4
=	27.91

The Southern Rubber Industry JSC Days Payable Related Terms

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The Southern Rubber Industry JSC (STC:CSM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » The Southern Rubber Industry JSC (STC:CSM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Nguyen Thi Minh Khai street, Ward 6, District 3, Ho Chi Minh City, VNM

Website

http://www.casumina.com

The Southern Rubber Industry JSC is a Vietnam based manufacturer and seller of tires and tubes. The company offers trucks and light trucks tires and tubes, motorcycle tires and tubes, passenger car radial tires, bicycle tires and tubes, industrial tires and tubes, electric vehicle tires and tubes, specific tires and tubes, and other products. The organization has a business presence in Vietnam and other countries.