Forward Science (ROCO:7530) Days Payable : 92.76 (As of Dec. 2023)

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What is Forward Science Days Payable?

Forward Science's average Accounts Payable for the six months ended in Dec. 2023 was NT$57.4 Mil. Forward Science's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$112.9 Mil. Hence, Forward Science's Days Payable for the six months ended in Dec. 2023 was 92.76.

The historical rank and industry rank for Forward Science's Days Payable or its related term are showing as below:

ROCO:7530' s Days Payable Range Over the Past 10 Years
Min: 47.43 Med: 68.47 Max: 106.87
Current: 94.87

During the past 6 years, Forward Science's highest Days Payable was 106.87. The lowest was 47.43. And the median was 68.47.

ROCO:7530's Days Payable is ranked better than
60.24% of 2925 companies
in the Industrial Products industry
Industry Median: 76.67 vs ROCO:7530: 94.87

Forward Science's Days Payable declined from Dec. 2022 (163.78) to Dec. 2023 (92.76). It may suggest that Forward Science accelerated paying its suppliers.

Forward Science Days Payable Historical Data

The historical data trend for Forward Science'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.

* Premium members only.

Forward Science Days Payable Chart

Forward Science Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.63

53.41

83.52

106.87

89.12

Forward Science Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					73.90	106.18	163.78	102.63	92.76

Competitive Comparison of Forward Science's Days Payable

For the Specialty Industrial Machinery subindustry, Forward Science'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.

Forward Science's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Forward Science's Days Payable distribution charts can be found below:

* The bar in red indicates where Forward Science's Days Payable falls into.

Forward Science 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.

Forward Science'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
=	( (63.258	+	48.252)	/	2 )	/	228.343	*	365
=	55.755					/	228.343	*	365
=	89.12

Forward Science'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
=	( (66.549	+	48.252)	/	2 )	/	112.932	*	365 / 2
=	57.4005					/	112.932	*	365 / 2
=	92.76

Forward Science Days Payable Related Terms

Thank you for viewing the detailed overview of Forward Science's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Forward Science (ROCO:7530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Forward Science Corp (ROCO:7530) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

232 Youyi Road, Miaoli County, Jhunan, TWN, 350

Website

http://www.forward-tek.com.tw

Forward Science Corp is engaged in the manufacturing and maintenance of vacuum pumps. It is also involved in precision parts manufacturing that includes Stainless Processing, Aluminum Processing, Casting Processing, and Metal Finishing among others.

Forward Science (ROCO:7530) Headlines

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