Formosa Optical Technology Co (ROCO:5312) Days Payable : 53.96 (As of Mar. 2024)

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What is Formosa Optical Technology Co Days Payable?

Formosa Optical Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$234 Mil. Formosa Optical Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$395 Mil. Hence, Formosa Optical Technology Co's Days Payable for the three months ended in Mar. 2024 was 53.96.

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

ROCO:5312' s Days Payable Range Over the Past 10 Years
Min: 10.9 Med: 14.83 Max: 50.34
Current: 50.34

During the past 13 years, Formosa Optical Technology Co's highest Days Payable was 50.34. The lowest was 10.90. And the median was 14.83.

ROCO:5312's Days Payable is ranked worse than
67.56% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs ROCO:5312: 50.34

Formosa Optical Technology Co's Days Payable increased from Mar. 2023 (51.20) to Mar. 2024 (53.96). It may suggest that Formosa Optical Technology Co delayed paying its suppliers.

Formosa Optical Technology Co Days Payable Historical Data

The historical data trend for Formosa Optical 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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Formosa Optical Technology Co Days Payable Chart

Formosa Optical Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

13.62

18.19

18.96

26.35

33.56

Formosa Optical Technology 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															51.20	52.41	35.22	36.51	53.96

Competitive Comparison of Formosa Optical Technology Co's Days Payable

For the Medical Instruments & Supplies subindustry, Formosa Optical 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.

Formosa Optical Technology Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Formosa Optical Technology Co's Days Payable distribution charts can be found below:

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

Formosa Optical 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.

Formosa Optical 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
=	( (136.133	+	136.362)	/	2 )	/	1481.877	*	365
=	136.2475					/	1481.877	*	365
=	33.56

Formosa Optical 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
=	( (136.362	+	331.295)	/	2 )	/	395.426	*	365 / 4
=	233.8285					/	395.426	*	365 / 4
=	53.96

Formosa Optical Technology Co Days Payable Related Terms

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Formosa Optical Technology Co (ROCO:5312) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Formosa Optical Technology Co Ltd (ROCO:5312) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 97, Xintai 5th Road, 16th Floor, Section 1, Xizhi District, New Taipei, TWN

Website

https://www.formosa-optical.com.tw

Formosa Optical Technology Co Ltd is a company that operates in the optical industry. The company operates retail stores that offer lenses, rims, sunglasses, contact lenses, and solutions. It generates revenue from products such as spectacle frames, lenses, contact lenses, and others.

Formosa Optical Technology Co (ROCO:5312) Headlines

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