Coraza Integrated Technology Bhd (XKLS:0240) Days Payable : 25.84 (As of Dec. 2023)

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What is Coraza Integrated Technology Bhd Days Payable?

Coraza Integrated Technology Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM4.09 Mil. Coraza Integrated Technology Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM14.45 Mil. Hence, Coraza Integrated Technology Bhd's Days Payable for the three months ended in Dec. 2023 was 25.84.

The historical rank and industry rank for Coraza Integrated Technology Bhd's Days Payable or its related term are showing as below:

XKLS:0240' s Days Payable Range Over the Past 10 Years
Min: 36.44 Med: 51.92 Max: 62.57
Current: 45.46

During the past 6 years, Coraza Integrated Technology Bhd's highest Days Payable was 62.57. The lowest was 36.44. And the median was 51.92.

XKLS:0240's Days Payable is ranked worse than
74.65% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs XKLS:0240: 45.46

Coraza Integrated Technology Bhd's Days Payable declined from Dec. 2022 (64.38) to Dec. 2023 (25.84). It may suggest that Coraza Integrated Technology Bhd accelerated paying its suppliers.

Coraza Integrated Technology Bhd Days Payable Historical Data

The historical data trend for Coraza Integrated Technology Bhd'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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Coraza Integrated Technology Bhd Days Payable Chart

Coraza Integrated Technology Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.11

36.44

60.89

62.57

53.72

Coraza Integrated Technology Bhd Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										64.38	58.56	46.61	34.21	25.84

Competitive Comparison of Coraza Integrated Technology Bhd's Days Payable

For the Metal Fabrication subindustry, Coraza Integrated Technology Bhd'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.

Coraza Integrated Technology Bhd's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Coraza Integrated Technology Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Coraza Integrated Technology Bhd's Days Payable falls into.

Coraza Integrated Technology Bhd 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.

Coraza Integrated Technology Bhd'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
=	( (16.627	+	3.604)	/	2 )	/	68.731	*	365
=	10.1155					/	68.731	*	365
=	53.72

Coraza Integrated Technology Bhd's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.579	+	3.604)	/	2 )	/	14.451	*	365 / 4
=	4.0915					/	14.451	*	365 / 4
=	25.84

Coraza Integrated Technology Bhd Days Payable Related Terms

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Coraza Integrated Technology Bhd (XKLS:0240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Coraza Integrated Technology Bhd (XKLS:0240) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan Industri Bukit Panchor, Lot 2777, Lorong Industri 5, Pulau Pinang, Nibong Tebal, PNG, MYS, 14300

Website

https://www.corazaintech.com

Coraza Integrated Technology Bhd is principally involved in the fabrication of sheet metal and precision machined components, as well as the provision of related services, such as design and development and value-added sub-module assembly services. The company support customers in various industries including semiconductor, instrumentation, life science and medical devices, telecommunications, aerospace, and others.

Coraza Integrated Technology Bhd (XKLS:0240) Headlines

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