Shin Zu Shing Co (TPE:3376) Days Payable : 93.09 (As of Dec. 2023)

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What is Shin Zu Shing Co Days Payable?

Shin Zu Shing Co's average Accounts Payable for the three months ended in Dec. 2023 was NT$2,472 Mil. Shin Zu Shing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$2,423 Mil. Hence, Shin Zu Shing Co's Days Payable for the three months ended in Dec. 2023 was 93.09.

The historical rank and industry rank for Shin Zu Shing Co's Days Payable or its related term are showing as below:

TPE:3376' s Days Payable Range Over the Past 10 Years
Min: 73.59 Med: 83.71 Max: 104.75
Current: 86.56

During the past 13 years, Shin Zu Shing Co's highest Days Payable was 104.75. The lowest was 73.59. And the median was 83.71.

TPE:3376's Days Payable is ranked better than
56.28% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs TPE:3376: 86.56

Shin Zu Shing Co's Days Payable declined from Dec. 2022 (93.71) to Dec. 2023 (93.09). It may suggest that Shin Zu Shing Co accelerated paying its suppliers.

Shin Zu Shing Co Days Payable Historical Data

The historical data trend for Shin Zu Shing 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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Shin Zu Shing Co Days Payable Chart

Shin Zu Shing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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89.06

89.55

104.75

81.28

94.58

Shin Zu Shing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															93.71	89.17	74.16	81.22	93.09

Competitive Comparison of Shin Zu Shing Co's Days Payable

For the Metal Fabrication subindustry, Shin Zu Shing 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.

Shin Zu Shing Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shin Zu Shing Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shin Zu Shing Co's Days Payable falls into.

Shin Zu Shing 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.

Shin Zu Shing 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
=	( (1687.981	+	2594.071)	/	2 )	/	8262.923	*	365
=	2141.026					/	8262.923	*	365
=	94.58

Shin Zu Shing 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2350.503	+	2594.071)	/	2 )	/	2423.433	*	365 / 4
=	2472.287					/	2423.433	*	365 / 4
=	93.09

Shin Zu Shing Co Days Payable Related Terms

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Shin Zu Shing Co (TPE:3376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shin Zu Shing Co Ltd (TPE:3376) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

174 Chiun Eng. Street, Su Lin District, Taipei, TWN

Website

https://www.szs.com.tw

Shin Zu Shing Co Ltd makes springs, stamped parts, and hinges for communication, computer, and consumer products. It produces various types of springs, and use automated machines to design stronger, longer-lasting, and high-quality components. Research and development enhances design, improves molding techniques, and creates innovative measurement strategies to produce durable products. A fabrication process produces hinges for laptops, monitors, cameras, cellphones, and other technology components. The company's sensor-control systems maintain accurate specifications, critical wire length, and angular relationships to create the end products. Customer feedback provides Shin Zu Shing the opportunity to tweak quality testing and produce customized solutions.

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