Synbio Tech (ROCO:1295) Days Payable : 26.24 (As of Dec. 2023)

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What is Synbio Tech Days Payable?

Synbio Tech's average Accounts Payable for the six months ended in Dec. 2023 was NT$31.1 Mil. Synbio Tech's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$216.2 Mil. Hence, Synbio Tech's Days Payable for the six months ended in Dec. 2023 was 26.24.

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

ROCO:1295' s Days Payable Range Over the Past 10 Years
Min: 23.54 Med: 24.17 Max: 26.67
Current: 25.51

During the past 4 years, Synbio Tech's highest Days Payable was 26.67. The lowest was 23.54. And the median was 24.17.

ROCO:1295's Days Payable is ranked worse than
86.69% of 721 companies
in the Biotechnology industry
Industry Median: 148.28 vs ROCO:1295: 25.51

Synbio Tech's Days Payable increased from Dec. 2022 (20.77) to Dec. 2023 (26.24). It may suggest that Synbio Tech delayed paying its suppliers.

Synbio Tech Days Payable Historical Data

The historical data trend for Synbio Tech'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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Synbio Tech Days Payable Chart

Synbio Tech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

23.54

24.50

26.67

23.84

Synbio Tech Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	33.24	20.77	26.48	26.24

Competitive Comparison of Synbio Tech's Days Payable

For the Biotechnology subindustry, Synbio Tech'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.

Synbio Tech's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Synbio Tech's Days Payable distribution charts can be found below:

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

Synbio Tech 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.

Synbio Tech'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
=	( (22.669	+	30.17)	/	2 )	/	404.558	*	365
=	26.4195					/	404.558	*	365
=	23.84

Synbio Tech'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
=	( (31.997	+	30.17)	/	2 )	/	216.193	*	365 / 2
=	31.0835					/	216.193	*	365 / 2
=	26.24

Synbio Tech Days Payable Related Terms

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Synbio Tech (ROCO:1295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Synbio Tech Inc (ROCO:1295) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.66,Beiling 6th Road, 821 Road, Luzhu District, Kaohsiung, TWN

Website

https://www.synbiotech.com

Synbio Tech Inc is a company specializing in the research, manufacturing and application development of lactic acid bacteria. They provide lactic acid bacteria screening, functional research and verification, and the introduction of advanced processes to produce safe and stable high-quality bacterial powder, OEM, ODM customized finished products , share application development technology, provide excellent service quality, and gain recognition from customers, allowing Shenghe to grow steadily.

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