Chang Wah Technology Co (ROCO:6548) Days Payable : 35.16 (As of Mar. 2024)

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What is Chang Wah Technology Co Days Payable?

Chang Wah Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$821 Mil. Chang Wah Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,131 Mil. Hence, Chang Wah Technology Co's Days Payable for the three months ended in Mar. 2024 was 35.16.

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

ROCO:6548' s Days Payable Range Over the Past 10 Years
Min: 27.06 Med: 42.51 Max: 52.23
Current: 35.9

During the past 11 years, Chang Wah Technology Co's highest Days Payable was 52.23. The lowest was 27.06. And the median was 42.51.

ROCO:6548's Days Payable is ranked worse than
69.5% of 964 companies
in the Semiconductors industry
Industry Median: 51.69 vs ROCO:6548: 35.90

Chang Wah Technology Co's Days Payable declined from Mar. 2023 (37.23) to Mar. 2024 (35.16). It may suggest that Chang Wah Technology Co accelerated paying its suppliers.

Chang Wah Technology Co Days Payable Historical Data

The historical data trend for Chang Wah 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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Chang Wah Technology Co Days Payable Chart

Chang Wah Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

51.10

52.23

47.48

41.41

35.82

Chang Wah 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															37.23	36.68	39.86	34.45	35.16

Competitive Comparison of Chang Wah Technology Co's Days Payable

For the Semiconductors subindustry, Chang Wah 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.

Chang Wah Technology Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Chang Wah Technology Co's Days Payable distribution charts can be found below:

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

Chang Wah 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.

Chang Wah 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
=	( (942.064	+	820.819)	/	2 )	/	8980.738	*	365
=	881.4415					/	8980.738	*	365
=	35.82

Chang Wah 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
=	( (820.819	+	821.421)	/	2 )	/	2130.82	*	365 / 4
=	821.12					/	2130.82	*	365 / 4
=	35.16

Chang Wah Technology Co Days Payable Related Terms

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Chang Wah Technology Co (ROCO:6548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Chang Wah Technology Co Ltd (ROCO:6548) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.24, Kai-Fa Road, Nan-Tze Export Processing Zone, Kaohsiung, TWN, 811

Website

https://www.cwtcglobal.com

Chang Wah Technology Co Ltd is a Taiwan-based frame manufacturer. The Company is mainly engaged in the manufacturing of light-emitting diode (LED) frame packaging materials. It focuses on the manufacture of electronic products and electronic components and retail and wholesale of electronic components and machinery business. The company also provides LED precision molds, as well as LED lighting fixtures, such as bulbs, patio lights, and panel lights, among others.

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