Zeng Hsing Industrial Co (TPE:1558) Days Payable : 50.32 (As of Mar. 2024)

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What is Zeng Hsing Industrial Co Days Payable?

Zeng Hsing Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$718 Mil. Zeng Hsing Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,302 Mil. Hence, Zeng Hsing Industrial Co's Days Payable for the three months ended in Mar. 2024 was 50.32.

The historical rank and industry rank for Zeng Hsing Industrial Co's Days Payable or its related term are showing as below:

TPE:1558' s Days Payable Range Over the Past 10 Years
Min: 43.46 Med: 51.18 Max: 58.22
Current: 45.43

During the past 13 years, Zeng Hsing Industrial Co's highest Days Payable was 58.22. The lowest was 43.46. And the median was 51.18.

TPE:1558's Days Payable is ranked worse than
68.49% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.13 vs TPE:1558: 45.43

Zeng Hsing Industrial Co's Days Payable increased from Mar. 2023 (43.74) to Mar. 2024 (50.32). It may suggest that Zeng Hsing Industrial Co delayed paying its suppliers.

Zeng Hsing Industrial Co Days Payable Historical Data

The historical data trend for Zeng Hsing Industrial Co'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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Zeng Hsing Industrial Co Days Payable Chart

Zeng Hsing Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

50.42

58.22

57.17

46.94

43.46

Zeng Hsing Industrial Co 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															43.74	40.97	42.23	51.25	50.32

Competitive Comparison of Zeng Hsing Industrial Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Zeng Hsing Industrial Co'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.

Zeng Hsing Industrial Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zeng Hsing Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zeng Hsing Industrial Co's Days Payable falls into.

Zeng Hsing Industrial Co 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.

Zeng Hsing Industrial Co'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
=	( (605.059	+	738.279)	/	2 )	/	5640.723	*	365
=	671.669					/	5640.723	*	365
=	43.46

Zeng Hsing Industrial Co'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
=	( (738.279	+	698.048)	/	2 )	/	1302.313	*	365 / 4
=	718.1635					/	1302.313	*	365 / 4
=	50.32

Zeng Hsing Industrial Co Days Payable Related Terms

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Zeng Hsing Industrial Co (TPE:1558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zeng Hsing Industrial Co Ltd (TPE:1558) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 78, Yongcheng Road, Taiping District, Taichung, TWN

Website

https://www.zenghsing.com.tw

Zeng Hsing Industrial Co Ltd is a Taiwan-based company that designs and manufactures household sewing machines, household cleaners, and related components. The company operates as an original design manufacturer, which means it supplies its products to brand owners. The company has manufacturing plants in Taiwan, mainland China, and Vietnam. Its sewing machine products are used by end users to knit clothes, tablecloths, and other items.

Zeng Hsing Industrial Co (TPE:1558) Headlines

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