China Communications Media Group Co (ROCO:6404) Days Payable : 232.26 (As of Dec. 2023)

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What is China Communications Media Group Co Days Payable?

China Communications Media Group Co's average Accounts Payable for the three months ended in Dec. 2023 was NT$4.13 Mil. China Communications Media Group Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$1.62 Mil. Hence, China Communications Media Group Co's Days Payable for the three months ended in Dec. 2023 was 232.26.

The historical rank and industry rank for China Communications Media Group Co's Days Payable or its related term are showing as below:

ROCO:6404' s Days Payable Range Over the Past 10 Years
Min: 23.72 Med: 96.34 Max: 411.97
Current: 172.95

During the past 13 years, China Communications Media Group Co's highest Days Payable was 411.97. The lowest was 23.72. And the median was 96.34.

ROCO:6404's Days Payable is not ranked
in the Software industry.
Industry Median: 51.26 vs ROCO:6404: 172.95

China Communications Media Group Co's Days Payable increased from Dec. 2022 (171.13) to Dec. 2023 (232.26). It may suggest that China Communications Media Group Co delayed paying its suppliers.

China Communications Media Group Co Days Payable Historical Data

The historical data trend for China Communications Media Group Co'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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China Communications Media Group Co Days Payable Chart

China Communications Media Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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101.33

162.64

298.86

411.97

174.17

China Communications Media Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															171.13	183.04	149.77	142.13	232.26

Competitive Comparison of China Communications Media Group Co's Days Payable

For the Software - Application subindustry, China Communications Media Group Co'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.

China Communications Media Group Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, China Communications Media Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Communications Media Group Co's Days Payable falls into.

China Communications Media Group Co 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.

China Communications Media Group Co'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
=	( (3.03	+	3.929)	/	2 )	/	7.292	*	365
=	3.4795					/	7.292	*	365
=	174.17

China Communications Media Group Co'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
=	( (4.323	+	3.929)	/	2 )	/	1.621	*	365 / 4
=	4.126					/	1.621	*	365 / 4
=	232.26

China Communications Media Group Co Days Payable Related Terms

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China Communications Media Group Co (ROCO:6404) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China Communications Media Group Co Ltd (ROCO:6404) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.102, Guangfu S. Road, 8th Floor, Da’an District, Taipei, TWN, 10694

Website

http://www.ccmg.mobi

China Communications Media Group Co Ltd is engaged in the provision of mobile application software and mobile game promotion. It focuses on applications for mobile phones which provide channel extension services. Its segments are Mobile games and value-added services and Mobile phones advertisement. Geographically, the group has operations in Mainland China and Hong Kong, of which prime revenue is derived from Hong Kong.

China Communications Media Group Co (ROCO:6404) Headlines

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