Formosan Union Chemical (TPE:1709) Days Payable : 29.90 (As of Mar. 2024)

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What is Formosan Union Chemical Days Payable?

Formosan Union Chemical's average Accounts Payable for the three months ended in Mar. 2024 was NT$726 Mil. Formosan Union Chemical's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,216 Mil. Hence, Formosan Union Chemical's Days Payable for the three months ended in Mar. 2024 was 29.90.

The historical rank and industry rank for Formosan Union Chemical's Days Payable or its related term are showing as below:

TPE:1709' s Days Payable Range Over the Past 10 Years
Min: 12.53 Med: 18.14 Max: 31.09
Current: 26.29

During the past 13 years, Formosan Union Chemical's highest Days Payable was 31.09. The lowest was 12.53. And the median was 18.14.

TPE:1709's Days Payable is ranked worse than
84.78% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs TPE:1709: 26.29

Formosan Union Chemical's Days Payable increased from Mar. 2023 (29.51) to Mar. 2024 (29.90). It may suggest that Formosan Union Chemical delayed paying its suppliers.

Formosan Union Chemical Days Payable Historical Data

The historical data trend for Formosan Union Chemical'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.

* Premium members only.

Formosan Union Chemical Days Payable Chart

Formosan Union Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.97

16.35

17.45

26.52

31.09

Formosan Union Chemical 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															29.51	23.65	21.19	24.80	29.90

Competitive Comparison of Formosan Union Chemical's Days Payable

For the Chemicals subindustry, Formosan Union Chemical'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.

Formosan Union Chemical's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Formosan Union Chemical's Days Payable distribution charts can be found below:

* The bar in red indicates where Formosan Union Chemical's Days Payable falls into.

Formosan Union Chemical 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.

Formosan Union Chemical'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
=	( (779.937	+	629.875)	/	2 )	/	8276.596	*	365
=	704.906					/	8276.596	*	365
=	31.09

Formosan Union Chemical'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
=	( (629.875	+	822.076)	/	2 )	/	2215.576	*	365 / 4
=	725.9755					/	2215.576	*	365 / 4
=	29.90

Formosan Union Chemical Days Payable Related Terms

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Formosan Union Chemical (TPE:1709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosan Union Chemical Corp (TPE:1709) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.206, Nanking East Road, 14th Floor, Section 2, Taipei, TWN

Website

http://www.fucc.com.tw

Formosan Union Chemical Corp is a Taiwan-based company principally engaged in the manufacturing, processing, and trading of chemical products. Its key products are alkyl benzene, nonyl phenol, and hydrogenated hydrocarbon resin and its derivatives. The products are mainly used as raw materials for detergents, surfactants rubbers, and plastic anti-oxidant agents, among others.

Formosan Union Chemical (TPE:1709) Headlines

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