Yieh United Steel (ROCO:9957) Days Payable : 17.42 (As of Dec. 2023)

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What is Yieh United Steel Days Payable?

Yieh United Steel's average Accounts Payable for the six months ended in Dec. 2023 was NT$2,009 Mil. Yieh United Steel's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$21,052 Mil. Hence, Yieh United Steel's Days Payable for the six months ended in Dec. 2023 was 17.42.

The historical rank and industry rank for Yieh United Steel's Days Payable or its related term are showing as below:

ROCO:9957' s Days Payable Range Over the Past 10 Years
Min: 13.22 Med: 26.24 Max: 39.11
Current: 20.14

During the past 13 years, Yieh United Steel's highest Days Payable was 39.11. The lowest was 13.22. And the median was 26.24.

ROCO:9957's Days Payable is ranked worse than
77.89% of 588 companies
in the Steel industry
Industry Median: 39.865 vs ROCO:9957: 20.14

Yieh United Steel's Days Payable declined from Dec. 2022 (30.06) to Dec. 2023 (17.42). It may suggest that Yieh United Steel accelerated paying its suppliers.

Yieh United Steel Days Payable Historical Data

The historical data trend for Yieh United Steel'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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Yieh United Steel Days Payable Chart

Yieh United Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

32.87

39.11

29.16

28.32

22.96

Yieh United Steel Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															29.74	27.40	30.06	19.88	17.42

Competitive Comparison of Yieh United Steel's Days Payable

For the Steel subindustry, Yieh United Steel'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.

Yieh United Steel's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Yieh United Steel's Days Payable distribution charts can be found below:

* The bar in red indicates where Yieh United Steel's Days Payable falls into.

Yieh United Steel 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.

Yieh United Steel'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
=	( (3475.89	+	2219.305)	/	2 )	/	45267.991	*	365
=	2847.5975					/	45267.991	*	365
=	22.96

Yieh United Steel'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
=	( (1799.232	+	2219.305)	/	2 )	/	21052.321	*	365 / 2
=	2009.2685					/	21052.321	*	365 / 2
=	17.42

Yieh United Steel Days Payable Related Terms

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Yieh United Steel (ROCO:9957) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yieh United Steel Corp (ROCO:9957) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.600, Xinglong St., Jiaxing Vil, Gangshan District, Kaohsiung, TWN, 82057

Website

http://www.yusco.com.tw

Yieh United Steel Corp operates as a steel manufacturer. The products of the company include stainless steel small steel embryo, cold rolled steel coil, stainless steel hot-rolled steel sheet, stainless steel hot rolled black steel coil, carbon steel small steel embryo, and carbon steel hot rolled crude steel coil.

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