Meribank Biotech Co (ROCO:4724) Days Payable : 34.24 (As of Dec. 2023)

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What is Meribank Biotech Co Days Payable?

Meribank Biotech Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$9.8 Mil. Meribank Biotech Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$52.0 Mil. Hence, Meribank Biotech Co's Days Payable for the six months ended in Dec. 2023 was 34.24.

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

ROCO:4724' s Days Payable Range Over the Past 10 Years
Min: 23.77 Med: 26.67 Max: 38.07
Current: 34.55

During the past 6 years, Meribank Biotech Co's highest Days Payable was 38.07. The lowest was 23.77. And the median was 26.67.

ROCO:4724's Days Payable is ranked worse than
81.3% of 722 companies
in the Biotechnology industry
Industry Median: 148.53 vs ROCO:4724: 34.55

Meribank Biotech Co's Days Payable increased from Dec. 2022 (22.24) to Dec. 2023 (34.24). It may suggest that Meribank Biotech Co delayed paying its suppliers.

Meribank Biotech Co Days Payable Historical Data

The historical data trend for Meribank 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.

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Meribank Biotech Co Days Payable Chart

Meribank Biotech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

30.26

23.77

24.34

26.40

38.07

Meribank Biotech Co Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							23.17	23.68	22.24	31.05	34.24

Competitive Comparison of Meribank Biotech Co's Days Payable

For the Biotechnology subindustry, Meribank 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.

Meribank Biotech Co's Days Payable Distribution in the Biotechnology Industry

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

* The bar in red indicates where Meribank Biotech Co's Days Payable falls into.

Meribank 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.

Meribank 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
=	( (7.599	+	12.317)	/	2 )	/	95.472	*	365
=	9.958					/	95.472	*	365
=	38.07

Meribank Biotech 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.196	+	12.317)	/	2 )	/	51.995	*	365 / 2
=	9.7565					/	51.995	*	365 / 2
=	34.24

Meribank Biotech Co Days Payable Related Terms

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Meribank Biotech Co (ROCO:4724) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Meribank Biotech Co Ltd (ROCO:4724) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sector 1, Neihu Road, 1st Floor, No.68, Neihu District, Taipei, TWN, 11493

Website

http://www.meribank.com.tw

Meribank Biotech Co Ltd is engaged in Research and development and sales of new cell drugs and also Umbilical cord blood, placenta and umbilical cord mesenchymal stem cells processing, testing and cryopreservation.

Meribank Biotech Co (ROCO:4724) Headlines

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