Sinmag Equipment (ROCO:1580) Days Payable : 31.00 (As of Sep. 2024)

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What is Sinmag Equipment Days Payable?

Sinmag Equipment's average Accounts Payable for the three months ended in Sep. 2024 was NT$243 Mil. Sinmag Equipment's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$715 Mil. Hence, Sinmag Equipment's Days Payable for the three months ended in Sep. 2024 was 31.00.

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

ROCO:1580' s Days Payable Range Over the Past 10 Years
Min: 30.75 Med: 40.32 Max: 48.6
Current: 33.67

During the past 13 years, Sinmag Equipment's highest Days Payable was 48.60. The lowest was 30.75. And the median was 40.32.

ROCO:1580's Days Payable is ranked worse than
84.81% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs ROCO:1580: 33.67

Sinmag Equipment's Days Payable declined from Sep. 2023 (34.73) to Sep. 2024 (31.00). It may suggest that Sinmag Equipment accelerated paying its suppliers.

Sinmag Equipment Days Payable Historical Data

The historical data trend for Sinmag Equipment'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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Sinmag Equipment Days Payable Chart

Sinmag Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.40

48.60

37.75

36.53

30.75

Sinmag Equipment Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															34.73	33.58	38.33	30.13	31.00

Competitive Comparison of Sinmag Equipment's Days Payable

For the Specialty Industrial Machinery subindustry, Sinmag Equipment'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.

Sinmag Equipment's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sinmag Equipment's Days Payable distribution charts can be found below:

* The bar in red indicates where Sinmag Equipment's Days Payable falls into.

Sinmag Equipment 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.

Sinmag Equipment'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
=	( (205.457	+	231.433)	/	2 )	/	2593.232	*	365
=	218.445					/	2593.232	*	365
=	30.75

Sinmag Equipment's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (236.557	+	249.296)	/	2 )	/	715.142	*	365 / 4
=	242.9265					/	715.142	*	365 / 4
=	31.00

Sinmag Equipment Days Payable Related Terms

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Sinmag Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sinmag Equipment Corp (ROCO:1580) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Wuquan 6th Road, Wugu District, New Tapei City, TWN

Website

https://www.sinmag.com.tw

Sinmag Equipment Corp is a manufacturer of full-range bakery equipment. Its range of bakery equipment covers Planetary Mixers, Spiral Mixers, Bowl lifters, Dividers and Rounders, Moulders, Sheeters, and Proofers, among others. The company mainly operates in China, the USA, Japan, and European countries. The firm sells its products to supermarkets such as Carrefour, Walmart, Tesco, Auchan, and RT-Mart among others.

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