Feng Ching Metal (ROCO:2061) Days Payable : 6.08 (As of Dec. 2023)

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What is Feng Ching Metal Days Payable?

Feng Ching Metal's average Accounts Payable for the three months ended in Dec. 2023 was NT$15.7 Mil. Feng Ching Metal's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$235.8 Mil. Hence, Feng Ching Metal's Days Payable for the three months ended in Dec. 2023 was 6.08.

The historical rank and industry rank for Feng Ching Metal's Days Payable or its related term are showing as below:

ROCO:2061' s Days Payable Range Over the Past 10 Years
Min: 6.58 Med: 26.64 Max: 51.51
Current: 21.28

During the past 13 years, Feng Ching Metal's highest Days Payable was 51.51. The lowest was 6.58. And the median was 26.64.

ROCO:2061's Days Payable is ranked worse than
94.36% of 2928 companies
in the Industrial Products industry
Industry Median: 76.5 vs ROCO:2061: 21.28

Feng Ching Metal's Days Payable declined from Dec. 2022 (21.26) to Dec. 2023 (6.08). It may suggest that Feng Ching Metal accelerated paying its suppliers.

Feng Ching Metal Days Payable Historical Data

The historical data trend for Feng Ching Metal'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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Feng Ching Metal Days Payable Chart

Feng Ching Metal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

15.92

6.58

31.39

43.26

17.39

Feng Ching Metal 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															21.26	31.03	32.32	22.33	6.08

Competitive Comparison of Feng Ching Metal's Days Payable

For the Electrical Equipment & Parts subindustry, Feng Ching Metal'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.

Feng Ching Metal's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Feng Ching Metal's Days Payable falls into.

Feng Ching Metal 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.

Feng Ching Metal'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
=	( (69.695	+	12.122)	/	2 )	/	858.708	*	365
=	40.9085					/	858.708	*	365
=	17.39

Feng Ching Metal'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
=	( (19.321	+	12.122)	/	2 )	/	235.807	*	365 / 4
=	15.7215					/	235.807	*	365 / 4
=	6.08

Feng Ching Metal Days Payable Related Terms

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Feng Ching Metal (ROCO:2061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Feng Ching Metal Corp (ROCO:2061) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Xinguang Road, Floor 30-4, Lingya District, Kaohsiung, TWN, 802

Website

https://www.fcm.com.tw

Feng Ching Metal Corp is a Taiwan-based company engaged in the production of enameled wire. Its products include copper bonding wires, polyether diol-coated copper bonding wires, and others.

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