Daily Polymer Co (ROCO:4716) Days Payable : 58.01 (As of Mar. 2024)

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What is Daily Polymer Co Days Payable?

Daily Polymer Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$72.8 Mil. Daily Polymer Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$114.5 Mil. Hence, Daily Polymer Co's Days Payable for the three months ended in Mar. 2024 was 58.01.

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

ROCO:4716' s Days Payable Range Over the Past 10 Years
Min: 39.54 Med: 43.8 Max: 61.98
Current: 55.23

During the past 13 years, Daily Polymer Co's highest Days Payable was 61.98. The lowest was 39.54. And the median was 43.80.

ROCO:4716's Days Payable is ranked worse than
56.32% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs ROCO:4716: 55.23

Daily Polymer Co's Days Payable declined from Mar. 2023 (69.84) to Mar. 2024 (58.01). It may suggest that Daily Polymer Co accelerated paying its suppliers.

Daily Polymer Co Days Payable Historical Data

The historical data trend for Daily Polymer 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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Daily Polymer Co Days Payable Chart

Daily Polymer Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.19

51.19

57.00

61.71

61.98

Daily Polymer 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															69.84	53.13	56.32	55.07	58.01

Competitive Comparison of Daily Polymer Co's Days Payable

For the Specialty Chemicals subindustry, Daily Polymer 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.

Daily Polymer Co's Days Payable Distribution in the Chemicals Industry

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

* The bar in red indicates where Daily Polymer Co's Days Payable falls into.

Daily Polymer 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.

Daily Polymer 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
=	( (95.487	+	64.973)	/	2 )	/	472.47	*	365
=	80.23					/	472.47	*	365
=	61.98

Daily Polymer 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
=	( (64.973	+	80.618)	/	2 )	/	114.504	*	365 / 4
=	72.7955					/	114.504	*	365 / 4
=	58.01

Daily Polymer Co Days Payable Related Terms

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Daily Polymer Co (ROCO:4716) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Daily Polymer Co Ltd (ROCO:4716) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 18, Yongong 2nd Road, Yong'An District, Kaohsiung, TWN, 828

Website

https://www.daily-polymer.com

Daily Polymer Co Ltd is engaged in the manufacturing, processing, and trading of synthetic resin products and electronic chemical materials in Taiwan. The company has two reportable segment such as Synthetic Resins Segment, New Materials Segment. The company generates majority of its revenue from Synthetic Resins Segment. Its main products include alkyd resin, polyacrylate resin, unsaturated polyester resin and star products - liquid crystal materials and alignment films for TFT and STN LCD.

Daily Polymer Co (ROCO:4716) Headlines

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