Drewloong Precision (TPE:4572) Days Payable : 9.87 (As of Mar. 2024)

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What is Drewloong Precision Days Payable?

Drewloong Precision's average Accounts Payable for the three months ended in Mar. 2024 was NT$12.7 Mil. Drewloong Precision's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$117.8 Mil. Hence, Drewloong Precision's Days Payable for the three months ended in Mar. 2024 was 9.87.

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

TPE:4572' s Days Payable Range Over the Past 10 Years
Min: 5.49 Med: 10.31 Max: 15.49
Current: 11.48

During the past 10 years, Drewloong Precision's highest Days Payable was 15.49. The lowest was 5.49. And the median was 10.31.

TPE:4572's Days Payable is ranked worse than
98.06% of 2937 companies
in the Industrial Products industry
Industry Median: 76.66 vs TPE:4572: 11.48

Drewloong Precision's Days Payable declined from Mar. 2023 (10.16) to Mar. 2024 (9.87). It may suggest that Drewloong Precision accelerated paying its suppliers.

Drewloong Precision Days Payable Historical Data

The historical data trend for Drewloong Precision'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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Drewloong Precision Days Payable Chart

Drewloong Precision Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.49

11.95

5.49

8.92

9.19

Drewloong Precision 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															10.16	11.74	13.15	11.43	9.87

Competitive Comparison of Drewloong Precision's Days Payable

For the Specialty Industrial Machinery subindustry, Drewloong Precision'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.

Drewloong Precision's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Drewloong Precision's Days Payable distribution charts can be found below:

* The bar in red indicates where Drewloong Precision's Days Payable falls into.

Drewloong Precision 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.

Drewloong Precision'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
=	( (11.754	+	10.145)	/	2 )	/	435.026	*	365
=	10.9495					/	435.026	*	365
=	9.19

Drewloong Precision'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
=	( (10.145	+	15.341)	/	2 )	/	117.784	*	365 / 4
=	12.743					/	117.784	*	365 / 4
=	9.87

Drewloong Precision Days Payable Related Terms

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Drewloong Precision (TPE:4572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Drewloong Precision Inc (TPE:4572) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

166 Bade 2nd Road, Renwu District, Kaohsiung, TWN, 814

Website

http://www.drewloong.com.tw

Drewloong Precision Inc is a Taiwan-based company that engages in the provision of precision parts and components internationally. It provides engineering and fabrication services of precision tooling, machined, sheet metal components, surface treatment, and assemblies for aerospace, electronics, automotive, industrial, and other high-tech industries. The company is involved in the fabrication of precision machined components for aerospace, shipbuilding, and industrial applications. Its product and service include fuselages, wings, stabilizers, aircraft sheet metal parts, and other products.

Drewloong Precision (TPE:4572) Headlines

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