Chia Yi Steel Co (ROCO:2067) Days Payable : 73.91 (As of Mar. 2024)

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What is Chia Yi Steel Co Days Payable?

Chia Yi Steel Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$187 Mil. Chia Yi Steel Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$231 Mil. Hence, Chia Yi Steel Co's Days Payable for the three months ended in Mar. 2024 was 73.91.

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

ROCO:2067' s Days Payable Range Over the Past 10 Years
Min: 20.46 Med: 40.33 Max: 72.43
Current: 72.43

During the past 13 years, Chia Yi Steel Co's highest Days Payable was 72.43. The lowest was 20.46. And the median was 40.33.

ROCO:2067's Days Payable is ranked worse than
53.4% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs ROCO:2067: 72.43

Chia Yi Steel Co's Days Payable declined from Mar. 2023 (76.40) to Mar. 2024 (73.91). It may suggest that Chia Yi Steel Co accelerated paying its suppliers.

Chia Yi Steel Co Days Payable Historical Data

The historical data trend for Chia Yi Steel 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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Chia Yi Steel Co Days Payable Chart

Chia Yi Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

41.36

40.55

53.88

61.49

68.64

Chia Yi Steel 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															76.40	68.01	71.83	71.54	73.91

Competitive Comparison of Chia Yi Steel Co's Days Payable

For the Metal Fabrication subindustry, Chia Yi Steel 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.

Chia Yi Steel Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chia Yi Steel Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chia Yi Steel Co's Days Payable falls into.

Chia Yi Steel 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.

Chia Yi Steel 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
=	( (213.662	+	173.024)	/	2 )	/	1028.051	*	365
=	193.343					/	1028.051	*	365
=	68.64

Chia Yi Steel 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
=	( (173.024	+	201.475)	/	2 )	/	231.182	*	365 / 4
=	187.2495					/	231.182	*	365 / 4
=	73.91

Chia Yi Steel Co Days Payable Related Terms

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Chia Yi Steel Co (ROCO:2067) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chia Yi Steel Co Ltd (ROCO:2067) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Chenggong 2nd Street, Beidou Village, Chiayi County, Minxiong, TWN, 62155

Website

http://www.cysteel.com.tw

Chia Yi Steel Co Ltd is engaged in the casting; processing and trading of various cast irons. Its products include hydraulic parts, industrial parts, and car parts. The company covers mechanical parts, hydraulic valve bodies, compressors, transporters, construction machinery, agricultural machinery, ships, cranes, engines, transmissions, braking systems, spring brackets, and other parts. It also produces railway parts, Elevator pulleys, pumps, bolt mechanical parts, and product assembly operations. The company supplies its products to Asia; European and American countries.

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