AP turnover ratio decreased 0.39 and longer payment period 4 days from prior year. From Chonburi branch has large pile projects such as
landslide retaining wall belong to Sahakim Motor Co.,Ltd, Cho-Kanchang and Pong Rad floodgate belong to Por Siripan so this branch' purchases increased.
Moreover, Chonburi branch just completed large pile project is CP All project in later period so it's trade payable balance has still large amount.
However, the Co. changes policy of repayment period that is issuing cheque on 13 and 27 of every month so some vendors maybe received
payment late from their credit term.