Grand Pacific Petrochemical (TPE:1312) Days Payable : 40.30 (As of Mar. 2024)

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What is Grand Pacific Petrochemical Days Payable?

Grand Pacific Petrochemical's average Accounts Payable for the three months ended in Mar. 2024 was NT$1,358 Mil. Grand Pacific Petrochemical's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$3,076 Mil. Hence, Grand Pacific Petrochemical's Days Payable for the three months ended in Mar. 2024 was 40.30.

The historical rank and industry rank for Grand Pacific Petrochemical's Days Payable or its related term are showing as below:

TPE:1312' s Days Payable Range Over the Past 10 Years
Min: 28.01 Med: 32.15 Max: 37.69
Current: 34.56

During the past 13 years, Grand Pacific Petrochemical's highest Days Payable was 37.69. The lowest was 28.01. And the median was 32.15.

TPE:1312's Days Payable is ranked worse than
76.35% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs TPE:1312: 34.56

Grand Pacific Petrochemical's Days Payable increased from Mar. 2023 (28.81) to Mar. 2024 (40.30). It may suggest that Grand Pacific Petrochemical delayed paying its suppliers.

Grand Pacific Petrochemical Days Payable Historical Data

The historical data trend for Grand Pacific Petrochemical'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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Grand Pacific Petrochemical Days Payable Chart

Grand Pacific Petrochemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.10

37.69

29.80

29.09

33.20

Grand Pacific Petrochemical 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															28.81	31.01	32.98	37.83	40.30

Competitive Comparison of Grand Pacific Petrochemical's Days Payable

For the Chemicals subindustry, Grand Pacific Petrochemical'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.

Grand Pacific Petrochemical's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Grand Pacific Petrochemical's Days Payable falls into.

Grand Pacific Petrochemical 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.

Grand Pacific Petrochemical'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
=	( (1048.655	+	1729.359)	/	2 )	/	15270.89	*	365
=	1389.007					/	15270.89	*	365
=	33.20

Grand Pacific Petrochemical'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
=	( (1729.359	+	987.418)	/	2 )	/	3076.08	*	365 / 4
=	1358.3885					/	3076.08	*	365 / 4
=	40.30

Grand Pacific Petrochemical Days Payable Related Terms

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Grand Pacific Petrochemical (TPE:1312) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Grand Pacific Petrochemical Corp (TPE:1312) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1312A:Taiwan

Address

No. 4, Xinggong Road, Dashe District, Kaohsiung City, TWN, 81567

Website

https://www.gppc.com.tw

Grand Pacific Petrochemical Corp manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm makes its products from petroleum. The company sells polystyrene resins, which are used in the production of rubber and plastics, including food containers and plastic credit cards. It also sells thermoplastic resins, which are used to produce automobile interior parts, luggage, computer monitors, modems, and scanners. The company also sells styrene-acrylonitrile resins, which are used to produce battery components, disposable lighters, electric fan blades, and air conditioner parts.

Grand Pacific Petrochemical (TPE:1312) Headlines

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