YoungQin International Co (ROCO:2755) Days Payable : 53.48 (As of Sep. 2023)

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What is YoungQin International Co Days Payable?

YoungQin International Co's average Accounts Payable for the three months ended in Sep. 2023 was NT$244 Mil. YoungQin International Co's Cost of Goods Sold for the three months ended in Sep. 2023 was NT$416 Mil. Hence, YoungQin International Co's Days Payable for the three months ended in Sep. 2023 was 53.48.

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

ROCO:2755' s Days Payable Range Over the Past 10 Years
Min: 49.45 Med: 60.35 Max: 67.83
Current: 54.6

During the past 7 years, YoungQin International Co's highest Days Payable was 67.83. The lowest was 49.45. And the median was 60.35.

ROCO:2755's Days Payable is ranked better than
70.88% of 340 companies
in the Restaurants industry
Industry Median: 38.325 vs ROCO:2755: 54.60

YoungQin International Co's Days Payable increased from Sep. 2022 (47.86) to Sep. 2023 (53.48). It may suggest that YoungQin International Co delayed paying its suppliers.

YoungQin International Co Days Payable Historical Data

The historical data trend for YoungQin International 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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YoungQin International Co Days Payable Chart

YoungQin International Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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55.75

53.63

49.45

60.35

64.16

YoungQin International Co Quarterly Data
	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															47.86	55.78	59.96	49.65	53.48

Competitive Comparison of YoungQin International Co's Days Payable

For the Restaurants subindustry, YoungQin International 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.

YoungQin International Co's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, YoungQin International Co's Days Payable distribution charts can be found below:

* The bar in red indicates where YoungQin International Co's Days Payable falls into.

YoungQin International 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.

YoungQin International Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (226.584	+	258.994)	/	2 )	/	1381.194	*	365
=	242.789					/	1381.194	*	365
=	64.16

YoungQin International Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (215.855	+	271.231)	/	2 )	/	415.545	*	365 / 4
=	243.543					/	415.545	*	365 / 4
=	53.48

YoungQin International Co Days Payable Related Terms

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YoungQin International Co (ROCO:2755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » YoungQin International Co Ltd (ROCO:2755) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 16 Hejiang Road, Zhongli District, Taoyuan, TWN, 320

Website

https://www.superqin.com.tw

YoungQin International Co Ltd is a Taiwan based company providing restaurant and bakery business. The Group is mainly engaged in the franchising of chain restaurants and the sales of related products.

YoungQin International Co (ROCO:2755) Headlines

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