Taiwan Bio Therapeutics Co (ROCO:6892) Days Payable : 153.21 (As of Dec. 2023)

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What is Taiwan Bio Therapeutics Co Days Payable?

Taiwan Bio Therapeutics Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$6.18 Mil. Taiwan Bio Therapeutics Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$7.37 Mil. Hence, Taiwan Bio Therapeutics Co's Days Payable for the six months ended in Dec. 2023 was 153.21.

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

ROCO:6892' s Days Payable Range Over the Past 10 Years
Min: 179.26 Med: 210.94 Max: 301.92
Current: 301.92

During the past 5 years, Taiwan Bio Therapeutics Co's highest Days Payable was 301.92. The lowest was 179.26. And the median was 210.94.

ROCO:6892's Days Payable is ranked better than
67.41% of 721 companies
in the Biotechnology industry
Industry Median: 148.28 vs ROCO:6892: 301.92

Taiwan Bio Therapeutics Co's Days Payable declined from Dec. 2022 (241.36) to Dec. 2023 (153.21). It may suggest that Taiwan Bio Therapeutics Co accelerated paying its suppliers.

Taiwan Bio Therapeutics Co Days Payable Historical Data

The historical data trend for Taiwan Bio Therapeutics 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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Taiwan Bio Therapeutics Co Days Payable Chart

Taiwan Bio Therapeutics Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

210.94

179.26

291.43

Taiwan Bio Therapeutics Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			124.78	76.05	241.36	957.50	153.21

Competitive Comparison of Taiwan Bio Therapeutics Co's Days Payable

For the Biotechnology subindustry, Taiwan Bio Therapeutics 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.

Taiwan Bio Therapeutics Co's Days Payable Distribution in the Biotechnology Industry

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

* The bar in red indicates where Taiwan Bio Therapeutics Co's Days Payable falls into.

Taiwan Bio Therapeutics 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.

Taiwan Bio Therapeutics 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
=	( (10.24	+	4.309)	/	2 )	/	9.111	*	365
=	7.2745					/	9.111	*	365
=	291.43

Taiwan Bio Therapeutics 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
=	( (8.06	+	4.309)	/	2 )	/	7.367	*	365 / 2
=	6.1845					/	7.367	*	365 / 2
=	153.21

Taiwan Bio Therapeutics Co Days Payable Related Terms

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Taiwan Bio Therapeutics Co (ROCO:6892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Taiwan Bio Therapeutics Co Ltd (ROCO:6892) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Lane 120, Hu Road, Section 1, 6th Floor, Neihu District, Taipei, TWN

Website

http://www.twbio-thera.com

Taiwan Bio Therapeutics Co Ltd is a regenerative medicine company specializing in the development of new cell medicines. It provides cell product process development and foundry (CDMO/CMO) services.

Taiwan Bio Therapeutics Co (ROCO:6892) Headlines

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