King Slide Works Co (TPE:2059) Days Payable : 10.95 (As of Mar. 2024)

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What is King Slide Works Co Days Payable?

King Slide Works Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$88 Mil. King Slide Works Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$731 Mil. Hence, King Slide Works Co's Days Payable for the three months ended in Mar. 2024 was 10.95.

The historical rank and industry rank for King Slide Works Co's Days Payable or its related term are showing as below:

TPE:2059' s Days Payable Range Over the Past 10 Years
Min: 11.49 Med: 13.59 Max: 16.04
Current: 14.55

During the past 13 years, King Slide Works Co's highest Days Payable was 16.04. The lowest was 11.49. And the median was 13.59.

TPE:2059's Days Payable is ranked worse than
98.04% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.11 vs TPE:2059: 14.55

King Slide Works Co's Days Payable declined from Mar. 2023 (14.87) to Mar. 2024 (10.95). It may suggest that King Slide Works Co accelerated paying its suppliers.

King Slide Works Co Days Payable Historical Data

The historical data trend for King Slide Works 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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King Slide Works Co Days Payable Chart

King Slide Works Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.04

15.37

13.15

11.49

12.85

King Slide Works 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															14.87	13.56	19.12	16.87	10.95

Competitive Comparison of King Slide Works Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, King Slide Works 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.

King Slide Works Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where King Slide Works Co's Days Payable falls into.

King Slide Works 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.

King Slide Works 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
=	( (87.241	+	69.89)	/	2 )	/	2231.439	*	365
=	78.5655					/	2231.439	*	365
=	12.85

King Slide Works 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
=	( (69.89	+	105.493)	/	2 )	/	730.687	*	365 / 4
=	87.6915					/	730.687	*	365 / 4
=	10.95

King Slide Works Co Days Payable Related Terms

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King Slide Works Co (TPE:2059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » King Slide Works Co Ltd (TPE:2059) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136, Lane 275, Shun An Road, Lu Chu District, Kaohsiung, TWN, 82150

Website

https://www.kingslide.com

King Slide Works Co Ltd is a Taiwan-based company that manufactures and distributes electronic parts and components. The company operates primarily through two subsidiaries: King Slide Works and King Slide Technology. King Slide Works is a Taiwan-based company that develops, manufactures, and markets furniture accessories, including under-mount slides, ball-bearing slides, epoxy-coated drawer slides, and hinges. King Slide Technology develops and manufactures high-precision metal components applied in computer, communications, and consumer electronics products. The company has a global presence, with Taiwan, America, and China being its three largest markets.

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