Taiwan Wax Co (ROCO:1742) Days Payable : 0.81 (As of Mar. 2024)

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What is Taiwan Wax Co Days Payable?

Taiwan Wax Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$0.5 Mil. Taiwan Wax Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$50.6 Mil. Hence, Taiwan Wax Co's Days Payable for the three months ended in Mar. 2024 was 0.81.

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

ROCO:1742' s Days Payable Range Over the Past 10 Years
Min: 0.33 Med: 9.65 Max: 32.58
Current: 2.28

During the past 13 years, Taiwan Wax Co's highest Days Payable was 32.58. The lowest was 0.33. And the median was 9.65.

ROCO:1742's Days Payable is ranked worse than
99.73% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs ROCO:1742: 2.28

Taiwan Wax Co's Days Payable increased from Mar. 2023 (0.24) to Mar. 2024 (0.81). It may suggest that Taiwan Wax Co delayed paying its suppliers.

Taiwan Wax Co Days Payable Historical Data

The historical data trend for Taiwan Wax 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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Taiwan Wax Co Days Payable Chart

Taiwan Wax Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.58

11.04

1.17

0.33

0.37

Taiwan Wax Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															0.24	3.25	7.57	0.35	0.81

Competitive Comparison of Taiwan Wax Co's Days Payable

For the Specialty Chemicals subindustry, Taiwan Wax 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.

Taiwan Wax Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Taiwan Wax Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Taiwan Wax Co's Days Payable falls into.

Taiwan Wax 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.

Taiwan Wax 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
=	( (0.143	+	0.409)	/	2 )	/	273.949	*	365
=	0.276					/	273.949	*	365
=	0.37

Taiwan Wax Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.409	+	0.491)	/	2 )	/	50.564	*	365 / 4
=	0.45					/	50.564	*	365 / 4
=	0.81

Taiwan Wax Co Days Payable Related Terms

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Taiwan Wax Co (ROCO:1742) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taiwan Wax Co Ltd (ROCO:1742) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1 Chung Cheng Road, Minhsiung Industrial District, Chiayi, TWN, 62146

Website

https://www.wax.com.tw

Taiwan Wax Co Ltd is engaged in manufacture, trading, import and export of various wax raw materials and finished products, trading of optoelectronic equipment, trading of aquatic products and provision of brokerage services. The company derives revenue from sales of merchandise is derived from sales of aquatic products, optoelectronic equipment and various finished wax products.

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