Ruentex Industries (TPE:2915) Days Payable : 37.88 (As of Mar. 2024)

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What is Ruentex Industries Days Payable?

Ruentex Industries's average Accounts Payable for the three months ended in Mar. 2024 was NT$200 Mil. Ruentex Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$483 Mil. Hence, Ruentex Industries's Days Payable for the three months ended in Mar. 2024 was 37.88.

The historical rank and industry rank for Ruentex Industries's Days Payable or its related term are showing as below:

TPE:2915' s Days Payable Range Over the Past 10 Years
Min: 42.75 Med: 52.04 Max: 59.9
Current: 47.22

During the past 13 years, Ruentex Industries's highest Days Payable was 59.90. The lowest was 42.75. And the median was 52.04.

TPE:2915's Days Payable is ranked worse than
58.13% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.34 vs TPE:2915: 47.22

Ruentex Industries's Days Payable declined from Mar. 2023 (40.50) to Mar. 2024 (37.88). It may suggest that Ruentex Industries accelerated paying its suppliers.

Ruentex Industries Days Payable Historical Data

The historical data trend for Ruentex Industries'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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Ruentex Industries Days Payable Chart

Ruentex Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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59.90

57.86

44.45

42.75

45.95

Ruentex Industries 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															40.50	45.22	49.53	62.26	37.88

Competitive Comparison of Ruentex Industries's Days Payable

For the Textile Manufacturing subindustry, Ruentex Industries'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.

Ruentex Industries's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Ruentex Industries's Days Payable falls into.

Ruentex Industries 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.

Ruentex Industries'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
=	( (235.336	+	203.808)	/	2 )	/	1744.227	*	365
=	219.572					/	1744.227	*	365
=	45.95

Ruentex Industries'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
=	( (203.808	+	197.091)	/	2 )	/	482.871	*	365 / 4
=	200.4495					/	482.871	*	365 / 4
=	37.88

Ruentex Industries Days Payable Related Terms

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Ruentex Industries (TPE:2915) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ruentex Industries Ltd (TPE:2915) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.308, Section 2, Bade Road, 13th Floor, Taipei, TWN

Website

https://www.ruentex.com.tw

Ruentex Industries Ltd is a textile business based in Taiwan. The company generates the majority of its revenue domestically, and a small portion from the rest of Asia, through five segments. The investment segment invests in, constructs, and leases commercial buildings and government-funded residential housing units. The hypermarket segment derives the majority of revenue from imports and exports of textiles. The textile department engages in the yarning of cotton, wool, chemical fibers, and synthetic fibers. The retailing segment retails men's and women's clothing, underwear, and bags under several brand names such as Nautica and Jeep. The smallest segment, construction, manufactures, processes, and markets construction materials.

Ruentex Industries (TPE:2915) Headlines

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