Tien Li Offshore Wind Technology Co (ROCO:6793) Days Payable : 1.01 (As of Dec. 2023)

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What is Tien Li Offshore Wind Technology Co Days Payable?

Tien Li Offshore Wind Technology Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$3 Mil. Tien Li Offshore Wind Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$497 Mil. Hence, Tien Li Offshore Wind Technology Co's Days Payable for the six months ended in Dec. 2023 was 1.01.

The historical rank and industry rank for Tien Li Offshore Wind Technology Co's Days Payable or its related term are showing as below:

ROCO:6793' s Days Payable Range Over the Past 10 Years
Min: 0.83 Med: 2.32 Max: 15.05
Current: 1.05

During the past 7 years, Tien Li Offshore Wind Technology Co's highest Days Payable was 15.05. The lowest was 0.83. And the median was 2.32.

ROCO:6793's Days Payable is ranked worse than
99.8% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs ROCO:6793: 1.05

Tien Li Offshore Wind Technology Co's Days Payable declined from Dec. 2022 (1.67) to Dec. 2023 (1.01). It may suggest that Tien Li Offshore Wind Technology Co accelerated paying its suppliers.

Tien Li Offshore Wind Technology Co Days Payable Historical Data

The historical data trend for Tien Li Offshore Wind Technology 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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Tien Li Offshore Wind Technology Co Days Payable Chart

Tien Li Offshore Wind Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

15.05

3.46

1.17

0.83

Tien Li Offshore Wind Technology Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							1.73	2.19	1.67	1.36	1.01

Competitive Comparison of Tien Li Offshore Wind Technology Co's Days Payable

For the Specialty Industrial Machinery subindustry, Tien Li Offshore Wind Technology 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.

Tien Li Offshore Wind Technology Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tien Li Offshore Wind Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tien Li Offshore Wind Technology Co's Days Payable falls into.

Tien Li Offshore Wind Technology 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.

Tien Li Offshore Wind Technology 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
=	( (1.959	+	1.967)	/	2 )	/	866.857	*	365
=	1.963					/	866.857	*	365
=	0.83

Tien Li Offshore Wind Technology 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.545	+	1.967)	/	2 )	/	496.98	*	365 / 2
=	2.756					/	496.98	*	365 / 2
=	1.01

Tien Li Offshore Wind Technology Co Days Payable Related Terms

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Tien Li Offshore Wind Technology Co (ROCO:6793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tien Li Offshore Wind Technology Co Ltd (ROCO:6793) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Minsheng East Road, 3rd Floor, No. 131, Section 3, Songshan District, Taipei, TWN, 10596

Website

https://www.tien-li.com

Tien Li Offshore Wind Technology Co Ltd specializes in the development and production of wind turbine blades, nacelle covers and molds, as well as blade performance improvement and blade maintenance.

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