TCM Biotech International (ROCO:4169) Days Payable : 45.08 (As of Dec. 2023)

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What is TCM Biotech International Days Payable?

TCM Biotech International's average Accounts Payable for the six months ended in Dec. 2023 was NT$64.3 Mil. TCM Biotech International's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$260.3 Mil. Hence, TCM Biotech International's Days Payable for the six months ended in Dec. 2023 was 45.08.

The historical rank and industry rank for TCM Biotech International's Days Payable or its related term are showing as below:

ROCO:4169' s Days Payable Range Over the Past 10 Years
Min: 34.48 Med: 49.09 Max: 64.86
Current: 50.64

During the past 13 years, TCM Biotech International's highest Days Payable was 64.86. The lowest was 34.48. And the median was 49.09.

ROCO:4169's Days Payable is ranked worse than
73.34% of 724 companies
in the Biotechnology industry
Industry Median: 150.695 vs ROCO:4169: 50.64

TCM Biotech International's Days Payable declined from Dec. 2022 (54.85) to Dec. 2023 (45.08). It may suggest that TCM Biotech International accelerated paying its suppliers.

TCM Biotech International Days Payable Historical Data

The historical data trend for TCM Biotech International'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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TCM Biotech International Days Payable Chart

TCM Biotech International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.85

34.48

44.21

64.86

49.05

TCM Biotech International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															51.74	53.63	54.85	58.66	45.08

Competitive Comparison of TCM Biotech International's Days Payable

For the Biotechnology subindustry, TCM Biotech International'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.

TCM Biotech International's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, TCM Biotech International's Days Payable distribution charts can be found below:

* The bar in red indicates where TCM Biotech International's Days Payable falls into.

TCM Biotech International 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.

TCM Biotech International'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
=	( (75.125	+	56.434)	/	2 )	/	489.451	*	365
=	65.7795					/	489.451	*	365
=	49.05

TCM Biotech International'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (72.172	+	56.434)	/	2 )	/	260.31	*	365 / 2
=	64.303					/	260.31	*	365 / 2
=	45.08

TCM Biotech International Days Payable Related Terms

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TCM Biotech International (ROCO:4169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » TCM Biotech International Corp (ROCO:4169) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 97, Sec. 1, Xintai 5th Road, Xizhi District, Neihu District, Taipei, TWN, 221

Website

http://www.tcmbio.com

TCM Biotech International Corp is a Taiwan based biotechnology company. It is engaged in the research and development of therapeutics for the prevention and treatment of liver diseases. Its products includes Anti-adhesion System, Anti-neoplastic agents, Osteoporosis Treatment Preparation, Iron Preparations, Osteoarthritis (OA) Treatment Products, Urinary System Treatment Products and others. The company has a business presence in Taiwan and other international countries such as the United States, Japan, Singapore, Malaysia, Vietnam, the Philippines and China. The entity derives key revenue from the sales of multiple medical products which includes medicine, medical device, functional food and others.

TCM Biotech International (ROCO:4169) Headlines

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