Acelon Chemicals & Fiber (TPE:1466) Days Payable : 39.91 (As of Mar. 2024)

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What is Acelon Chemicals & Fiber Days Payable?

Acelon Chemicals & Fiber's average Accounts Payable for the three months ended in Mar. 2024 was NT$242 Mil. Acelon Chemicals & Fiber's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$552 Mil. Hence, Acelon Chemicals & Fiber's Days Payable for the three months ended in Mar. 2024 was 39.91.

The historical rank and industry rank for Acelon Chemicals & Fiber's Days Payable or its related term are showing as below:

TPE:1466' s Days Payable Range Over the Past 10 Years
Min: 30.65 Med: 38.82 Max: 45.31
Current: 39.03

During the past 13 years, Acelon Chemicals & Fiber's highest Days Payable was 45.31. The lowest was 30.65. And the median was 38.82.

TPE:1466's Days Payable is ranked worse than
66.21% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.25 vs TPE:1466: 39.03

Acelon Chemicals & Fiber's Days Payable declined from Mar. 2023 (42.96) to Mar. 2024 (39.91). It may suggest that Acelon Chemicals & Fiber accelerated paying its suppliers.

Acelon Chemicals & Fiber Days Payable Historical Data

The historical data trend for Acelon Chemicals & Fiber'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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Acelon Chemicals & Fiber Days Payable Chart

Acelon Chemicals & Fiber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

43.69

36.12

38.41

42.31

36.28

Acelon Chemicals & Fiber 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															42.96	38.97	38.78	39.12	39.91

Competitive Comparison of Acelon Chemicals & Fiber's Days Payable

For the Textile Manufacturing subindustry, Acelon Chemicals & Fiber'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.

Acelon Chemicals & Fiber's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Acelon Chemicals & Fiber's Days Payable distribution charts can be found below:

* The bar in red indicates where Acelon Chemicals & Fiber's Days Payable falls into.

Acelon Chemicals & Fiber 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.

Acelon Chemicals & Fiber'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
=	( (222.05	+	249.685)	/	2 )	/	2372.858	*	365
=	235.8675					/	2372.858	*	365
=	36.28

Acelon Chemicals & Fiber'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
=	( (249.685	+	233.395)	/	2 )	/	552.261	*	365 / 4
=	241.54					/	552.261	*	365 / 4
=	39.91

Acelon Chemicals & Fiber Days Payable Related Terms

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Acelon Chemicals & Fiber (TPE:1466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Acelon Chemicals & Fiber Corp (TPE:1466) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.94 Fan Chin Road, Pu yan Hsiang, Chang Hua, TWN

Website

https://www.acelon.com.tw

Acelon Chemicals & Fiber Corp operates in the textile manufacturing industry. The product offered by the company includes Nylon yarn, Polyester yarn, Nylon textured yarn, Polyester textured yarn, and Others.

Acelon Chemicals & Fiber (TPE:1466) Headlines

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