Taiwan Chinsan Electronic Industrial Co (ROCO:8042) Days Payable : 72.15 (As of Mar. 2024)

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What is Taiwan Chinsan Electronic Industrial Co Days Payable?

Taiwan Chinsan Electronic Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$481 Mil. Taiwan Chinsan Electronic Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$608 Mil. Hence, Taiwan Chinsan Electronic Industrial Co's Days Payable for the three months ended in Mar. 2024 was 72.15.

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

ROCO:8042' s Days Payable Range Over the Past 10 Years
Min: 55.61 Med: 78.26 Max: 90.08
Current: 58.98

During the past 13 years, Taiwan Chinsan Electronic Industrial Co's highest Days Payable was 90.08. The lowest was 55.61. And the median was 78.26.

ROCO:8042's Days Payable is ranked worse than
58.85% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs ROCO:8042: 58.98

Taiwan Chinsan Electronic Industrial Co's Days Payable increased from Mar. 2023 (52.11) to Mar. 2024 (72.15). It may suggest that Taiwan Chinsan Electronic Industrial Co delayed paying its suppliers.

Taiwan Chinsan Electronic Industrial Co Days Payable Historical Data

The historical data trend for Taiwan Chinsan Electronic Industrial 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 Chinsan Electronic Industrial Co Days Payable Chart

Taiwan Chinsan Electronic Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

77.81

78.03

69.76

64.08

55.61

Taiwan Chinsan Electronic Industrial 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															52.11	49.65	61.03	60.90	72.15

Competitive Comparison of Taiwan Chinsan Electronic Industrial Co's Days Payable

For the Electronic Components subindustry, Taiwan Chinsan Electronic Industrial 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 Chinsan Electronic Industrial Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Taiwan Chinsan Electronic Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Taiwan Chinsan Electronic Industrial Co's Days Payable falls into.

Taiwan Chinsan Electronic Industrial 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 Chinsan Electronic Industrial 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
=	( (341.219	+	463.261)	/	2 )	/	2639.93	*	365
=	402.24					/	2639.93	*	365
=	55.61

Taiwan Chinsan Electronic Industrial 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
=	( (463.261	+	498.137)	/	2 )	/	607.975	*	365 / 4
=	480.699					/	607.975	*	365 / 4
=	72.15

Taiwan Chinsan Electronic Industrial Co Days Payable Related Terms

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Taiwan Chinsan Electronic Industrial Co (ROCO:8042) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taiwan Chinsan Electronic Industrial Co Ltd (ROCO:8042) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Section 1, Guangfu Road, 2nd Floor, No. 1, Alley11, Lane 68, Sanchong District, New Taipei City, Taipei, TWN, 24158

Website

https://www.chinsan.com

Taiwan Chinsan Electronic Industrial Co Ltd is engaged in the manufacturing, processing, trading, import, and export of various electronic equipment and capacitors. The company's product offering includes; Aluminum Electrolytic; E-Cap SMD Type (Aluminum Electrolytic SMD), Radial Lead Type (General), Radial Lead Type (Low ESR), Snap-In, Lug Terminal Type, Screw Terminal Type, and Aluminum Polymer; Polymer Radial Lead Type, Polymer SMD Type.

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