Camellia Metal Co (ROCO:2064) Days Payable : 3.46 (As of Mar. 2024)

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What is Camellia Metal Co Days Payable?

Camellia Metal Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$13 Mil. Camellia Metal Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$352 Mil. Hence, Camellia Metal Co's Days Payable for the three months ended in Mar. 2024 was 3.46.

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

ROCO:2064' s Days Payable Range Over the Past 10 Years
Min: 2.44 Med: 3.36 Max: 5.5
Current: 2.85

During the past 13 years, Camellia Metal Co's highest Days Payable was 5.50. The lowest was 2.44. And the median was 3.36.

ROCO:2064's Days Payable is ranked worse than
98.29% of 585 companies
in the Steel industry
Industry Median: 41.52 vs ROCO:2064: 2.85

Camellia Metal Co's Days Payable increased from Mar. 2023 (2.30) to Mar. 2024 (3.46). It may suggest that Camellia Metal Co delayed paying its suppliers.

Camellia Metal Co Days Payable Historical Data

The historical data trend for Camellia Metal 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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Camellia Metal Co Days Payable Chart

Camellia Metal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4.75

5.31

5.50

5.14

2.44

Camellia Metal 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															2.30	2.41	2.34	2.43	3.46

Competitive Comparison of Camellia Metal Co's Days Payable

For the Steel subindustry, Camellia Metal 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.

Camellia Metal Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Camellia Metal Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Camellia Metal Co's Days Payable falls into.

Camellia Metal 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.

Camellia Metal 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
=	( (10.383	+	8.553)	/	2 )	/	1414.491	*	365
=	9.468					/	1414.491	*	365
=	2.44

Camellia Metal 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
=	( (8.553	+	18.099)	/	2 )	/	351.79	*	365 / 4
=	13.326					/	351.79	*	365 / 4
=	3.46

Camellia Metal Co Days Payable Related Terms

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Camellia Metal Co (ROCO:2064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Camellia Metal Co Ltd (ROCO:2064) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.24, Lugong Road, Chang Bin Industrial Park, Lukang Township, Changhua, TWN, 50544

Website

http://www.camelliametal.com

Camellia Metal Co Ltd is a Taiwan-based steel bar and wire supplier. The company manufactures bar and wire products ranging from low to high carbon, free cutting, alloy steel, stainless steel, and other types. The company offered products used in the areas of building materials, medical, IT, automotive, aerospace, household appliances, and others. The company generates the majority of its revenue from Taiwan followed by Indonesia, China, Hong Kong, Malaysia, Thailand, and others.

Camellia Metal Co (ROCO:2064) Headlines

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