Chitec Technology Co (ROCO:3430) Days Payable : 51.55 (As of Mar. 2024)

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What is Chitec Technology Co Days Payable?

Chitec Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$142 Mil. Chitec Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$252 Mil. Hence, Chitec Technology Co's Days Payable for the three months ended in Mar. 2024 was 51.55.

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

ROCO:3430' s Days Payable Range Over the Past 10 Years
Min: 20.25 Med: 37.8 Max: 55.89
Current: 50.44

During the past 13 years, Chitec Technology Co's highest Days Payable was 55.89. The lowest was 20.25. And the median was 37.80.

ROCO:3430's Days Payable is ranked worse than
61.49% of 1506 companies
in the Chemicals industry
Industry Median: 61.065 vs ROCO:3430: 50.44

Chitec Technology Co's Days Payable declined from Mar. 2023 (54.76) to Mar. 2024 (51.55). It may suggest that Chitec Technology Co accelerated paying its suppliers.

Chitec Technology Co Days Payable Historical Data

The historical data trend for Chitec Technology 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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Chitec Technology Co Days Payable Chart

Chitec Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.43

33.67

44.16

49.60

55.89

Chitec Technology Co Quarterly Data
	Jun18	Dec18	Mar19	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															54.76	46.75	48.02	55.27	51.55

Competitive Comparison of Chitec Technology Co's Days Payable

For the Specialty Chemicals subindustry, Chitec Technology 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.

Chitec Technology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chitec Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chitec Technology Co's Days Payable falls into.

Chitec Technology 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.

Chitec Technology 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
=	( (130.813	+	148.361)	/	2 )	/	911.677	*	365
=	139.587					/	911.677	*	365
=	55.89

Chitec Technology Co'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
=	( (148.361	+	136.531)	/	2 )	/	252.147	*	365 / 4
=	142.446					/	252.147	*	365 / 4
=	51.55

Chitec Technology Co Days Payable Related Terms

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Chitec Technology Co (ROCO:3430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chitec Technology Co Ltd (ROCO:3430) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20F., No.57, Sec. 2, Dunhua South Road, Taipei City, TWN, 106

Website

http://www.chitec.com

Chitec Technology Co Ltd is engaged in the research and development of specialty chemical applications for various industries, including electronics, medicine, automotive, and construction. Its products include photoinitiators, UV absorbers, antioxidants, flame retardants, and others.

Chitec Technology Co (ROCO:3430) Headlines

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