Promate Solutions (ROCO:6577) Days Payable : 73.98 (As of Dec. 2023)

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What is Promate Solutions Days Payable?

Promate Solutions's average Accounts Payable for the three months ended in Dec. 2023 was NT$317 Mil. Promate Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$391 Mil. Hence, Promate Solutions's Days Payable for the three months ended in Dec. 2023 was 73.98.

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

ROCO:6577' s Days Payable Range Over the Past 10 Years
Min: 47.97 Med: 63.97 Max: 80.46
Current: 63.54

During the past 10 years, Promate Solutions's highest Days Payable was 80.46. The lowest was 47.97. And the median was 63.97.

ROCO:6577's Days Payable is ranked worse than
54.69% of 2419 companies
in the Hardware industry
Industry Median: 67.83 vs ROCO:6577: 63.54

Promate Solutions's Days Payable increased from Dec. 2022 (64.93) to Dec. 2023 (73.98). It may suggest that Promate Solutions delayed paying its suppliers.

Promate Solutions Days Payable Historical Data

The historical data trend for Promate Solutions'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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Promate Solutions Days Payable Chart

Promate Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.03

56.92

75.79

80.46

47.97

Promate Solutions 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															64.93	77.39	62.69	61.67	73.98

Competitive Comparison of Promate Solutions's Days Payable

For the Electronic Components subindustry, Promate Solutions'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.

Promate Solutions's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Promate Solutions's Days Payable distribution charts can be found below:

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

Promate Solutions 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.

Promate Solutions'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
=	( (246.12	+	249.991)	/	2 )	/	1887.456	*	365
=	248.0555					/	1887.456	*	365
=	47.97

Promate Solutions'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
=	( (384.22	+	249.991)	/	2 )	/	391.116	*	365 / 4
=	317.1055					/	391.116	*	365 / 4
=	73.98

Promate Solutions Days Payable Related Terms

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Promate Solutions (ROCO:6577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Promate Solutions Corp (ROCO:6577) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huanshan Road, 1st Floor, No. 30, Section 1, Neihu District, Taipei, TWN, 11442

Website

https://www.promate.com

Promate Solutions Corp is a Taiwan-based company engaged in the research and development and manufacture of medical touch screen displays, embedded control systems, special application and industrial displays, and research and development of application software and hardware.

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