S-Tech (ROCO:1584) Days Payable : 19.63 (As of Mar. 2024)

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What is S-Tech Days Payable?

S-Tech's average Accounts Payable for the three months ended in Mar. 2024 was NT$108 Mil. S-Tech's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$503 Mil. Hence, S-Tech's Days Payable for the three months ended in Mar. 2024 was 19.63.

The historical rank and industry rank for S-Tech's Days Payable or its related term are showing as below:

ROCO:1584' s Days Payable Range Over the Past 10 Years
Min: 21.02 Med: 34.25 Max: 48.55
Current: 21.02

During the past 13 years, S-Tech's highest Days Payable was 48.55. The lowest was 21.02. And the median was 34.25.

ROCO:1584's Days Payable is ranked worse than
94.48% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs ROCO:1584: 21.02

S-Tech's Days Payable declined from Dec. 2022 (25.41) to Mar. 2024 (19.63). It may suggest that S-Tech accelerated paying its suppliers.

S-Tech Days Payable Historical Data

The historical data trend for S-Tech'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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S-Tech Days Payable Chart

S-Tech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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37.75

37.23

48.55

30.21

24.53

S-Tech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															25.41	14.69	13.23	18.41	19.63

Competitive Comparison of S-Tech's Days Payable

For the Metal Fabrication subindustry, S-Tech'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.

S-Tech's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where S-Tech's Days Payable falls into.

S-Tech 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.

S-Tech's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (92.757	+	111.541)	/	2 )	/	1519.81	*	365
=	102.149					/	1519.81	*	365
=	24.53

S-Tech'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (140.264	+	76.195)	/	2 )	/	503.149	*	365 / 4
=	108.2295					/	503.149	*	365 / 4
=	19.63

S-Tech Days Payable Related Terms

Thank you for viewing the detailed overview of S-Tech's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

S-Tech (ROCO:1584) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » S-Tech Corp (ROCO:1584) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.15 Gong 1st Road, Environmental Science and Technology Park, Liouying, Tainan, TWN, 736

Website

http://www.s-tech.com.tw

S-Tech Corp is mainly engaged in the manufacture and sale of special alloy materials such as titanium alloy, nickel-based alloy, and special steel. Its products are widely used in chemical industry, aerospace industry, oil and gas industry, biomedical industry and energy industry.

S-Tech (ROCO:1584) Headlines

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