Tien Liang BioTech Co (ROCO:4127) Days Payable : 20.74 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Tien Liang BioTech Co Days Payable?

Tien Liang BioTech Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$11.0 Mil. Tien Liang BioTech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$48.3 Mil. Hence, Tien Liang BioTech Co's Days Payable for the three months ended in Mar. 2024 was 20.74.

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

ROCO:4127' s Days Payable Range Over the Past 10 Years
Min: 18.83 Med: 32.02 Max: 42.26
Current: 23.09

During the past 13 years, Tien Liang BioTech Co's highest Days Payable was 42.26. The lowest was 18.83. And the median was 32.02.

ROCO:4127's Days Payable is ranked worse than
94.35% of 974 companies
in the Drug Manufacturers industry
Industry Median: 88.68 vs ROCO:4127: 23.09

Tien Liang BioTech Co's Days Payable declined from Mar. 2023 (22.91) to Mar. 2024 (20.74). It may suggest that Tien Liang BioTech Co accelerated paying its suppliers.

Tien Liang BioTech Co Days Payable Historical Data

The historical data trend for Tien Liang BioTech 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.

* Premium members only.

Tien Liang BioTech Co Days Payable Chart

Tien Liang BioTech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

35.51

42.26

29.86

33.77

26.69

Tien Liang BioTech Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															22.91	25.37	20.26	26.00	20.74

Competitive Comparison of Tien Liang BioTech Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Tien Liang BioTech 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.

Tien Liang BioTech Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tien Liang BioTech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tien Liang BioTech Co's Days Payable falls into.

Tien Liang BioTech 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.

Tien Liang BioTech 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
=	( (13.311	+	12.115)	/	2 )	/	173.845	*	365
=	12.713					/	173.845	*	365
=	26.69

Tien Liang BioTech 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
=	( (12.115	+	9.818)	/	2 )	/	48.259	*	365 / 4
=	10.9665					/	48.259	*	365 / 4
=	20.74

Tien Liang BioTech Co Days Payable Related Terms

Thank you for viewing the detailed overview of Tien Liang BioTech Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tien Liang BioTech Co (ROCO:4127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tien Liang BioTech Co Ltd (ROCO:4127) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Datong Road, 9F, No. 147, Sec. 1, Xizhi District, New Taipei City, TWN

Website

http://www.tlb.com.tw

Tien Liang BioTech Co Ltd develops and supplies chemicals, pharmaceutical and Chinese herbs. It offers products for the treatment of intestinal track disease, osteoporosis, eye drops, cholesterin content, angiosclerosis and hepatic diseases.

Tien Liang BioTech Co (ROCO:4127) Headlines

No Headlines