Hocheng (TPE:1810) Days Payable : 53.66 (As of Mar. 2024)

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What is Hocheng Days Payable?

Hocheng's average Accounts Payable for the three months ended in Mar. 2024 was NT$510 Mil. Hocheng's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$866 Mil. Hence, Hocheng's Days Payable for the three months ended in Mar. 2024 was 53.66.

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

TPE:1810' s Days Payable Range Over the Past 10 Years
Min: 39.08 Med: 41.43 Max: 49.47
Current: 46.89

During the past 13 years, Hocheng's highest Days Payable was 49.47. The lowest was 39.08. And the median was 41.43.

TPE:1810's Days Payable is ranked worse than
65.93% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.11 vs TPE:1810: 46.89

Hocheng's Days Payable increased from Mar. 2023 (49.10) to Mar. 2024 (53.66). It may suggest that Hocheng delayed paying its suppliers.

Hocheng Days Payable Historical Data

The historical data trend for Hocheng'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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Hocheng Days Payable Chart

Hocheng Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.87

42.57

43.77

48.45

49.47

Hocheng 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															49.10	40.50	46.22	49.62	53.66

Competitive Comparison of Hocheng's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Hocheng'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.

Hocheng's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hocheng's Days Payable distribution charts can be found below:

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

Hocheng 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.

Hocheng'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
=	( (476.817	+	518.084)	/	2 )	/	3670.621	*	365
=	497.4505					/	3670.621	*	365
=	49.47

Hocheng'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
=	( (518.084	+	500.967)	/	2 )	/	866.439	*	365 / 4
=	509.5255					/	866.439	*	365 / 4
=	53.66

Hocheng Days Payable Related Terms

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Hocheng (TPE:1810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hocheng Corp (TPE:1810) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398, Xingshan Road, First floor, Neihu District, Taipei, TWN, 11469

Website

https://www.hcg.com.tw

Hocheng Corp is a Taiwan-based company, that engages in the manufacture and sale of bathroom fixtures, kitchen equipment, and shower enclosures. The company products include hygiene porcelains, water supply copper wares, bathtubs and table boards, toilet covers, kitchenware, and ceramic plates, among others. Its hygiene porcelains include toilets, water tanks, washbasins, sewage basins, and urine buckets. The Group has four reportable departments: the Taiwan business department, the investment department, the China business department, and the Philippine business department.

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