Taiwan Styrene Monomer (TPE:1310) Days Payable : 34.67 (As of Mar. 2024)

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What is Taiwan Styrene Monomer Days Payable?

Taiwan Styrene Monomer's average Accounts Payable for the three months ended in Mar. 2024 was NT$854 Mil. Taiwan Styrene Monomer's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,247 Mil. Hence, Taiwan Styrene Monomer's Days Payable for the three months ended in Mar. 2024 was 34.67.

The historical rank and industry rank for Taiwan Styrene Monomer's Days Payable or its related term are showing as below:

TPE:1310' s Days Payable Range Over the Past 10 Years
Min: 25.26 Med: 33.66 Max: 48.05
Current: 30.13

During the past 13 years, Taiwan Styrene Monomer's highest Days Payable was 48.05. The lowest was 25.26. And the median was 33.66.

TPE:1310's Days Payable is ranked worse than
80.64% of 1503 companies
in the Chemicals industry
Industry Median: 60.89 vs TPE:1310: 30.13

Taiwan Styrene Monomer's Days Payable declined from Mar. 2023 (37.60) to Mar. 2024 (34.67). It may suggest that Taiwan Styrene Monomer accelerated paying its suppliers.

Taiwan Styrene Monomer Days Payable Historical Data

The historical data trend for Taiwan Styrene Monomer'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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Taiwan Styrene Monomer Days Payable Chart

Taiwan Styrene Monomer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.22

44.31

27.99

25.94

34.98

Taiwan Styrene Monomer 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															37.60	27.07	27.93	29.95	34.67

Competitive Comparison of Taiwan Styrene Monomer's Days Payable

For the Chemicals subindustry, Taiwan Styrene Monomer'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.

Taiwan Styrene Monomer's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Taiwan Styrene Monomer's Days Payable falls into.

Taiwan Styrene Monomer 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.

Taiwan Styrene Monomer'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
=	( (895.858	+	1011.679)	/	2 )	/	9952.545	*	365
=	953.7685					/	9952.545	*	365
=	34.98

Taiwan Styrene Monomer'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
=	( (1011.679	+	695.667)	/	2 )	/	2246.801	*	365 / 4
=	853.673					/	2246.801	*	365 / 4
=	34.67

Taiwan Styrene Monomer Days Payable Related Terms

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Taiwan Styrene Monomer (TPE:1310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taiwan Styrene Monomer Corp (TPE:1310) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Roosevelt Road, Sec. 1, 8th-1 Floor, Taipei, TWN

Website

https://www.smct.com.tw

Taiwan Styrene Monomer Corp is engaged in the manufacturing and distribution of styrene monomer and related products. The company also offers toluene that is used as an organic solvent and para-diethyl benzene, which is used as the solvent of polystyrene. The company's main customers for the polystyrene are ABS resin and synthetic rubber manufacturers. Its products are generally used in electrical appliances, machinery, electronics, automotive, packaging and other industries.

Taiwan Styrene Monomer (TPE:1310) Headlines

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