Chen Nan Iron Wire Co (ROCO:2071) Days Payable : 33.32 (As of Jun. 2024)

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What is Chen Nan Iron Wire Co Days Payable?

Chen Nan Iron Wire Co's average Accounts Payable for the six months ended in Jun. 2024 was NT$113 Mil. Chen Nan Iron Wire Co's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$621 Mil. Hence, Chen Nan Iron Wire Co's Days Payable for the six months ended in Jun. 2024 was 33.32.

The historical rank and industry rank for Chen Nan Iron Wire Co's Days Payable or its related term are showing as below:

ROCO:2071' s Days Payable Range Over the Past 10 Years
Min: 23.5 Med: 34.46 Max: 82.67
Current: 32.38

During the past 9 years, Chen Nan Iron Wire Co's highest Days Payable was 82.67. The lowest was 23.50. And the median was 34.46.

ROCO:2071's Days Payable is ranked worse than
85.73% of 2930 companies
in the Industrial Products industry
Industry Median: 75.76 vs ROCO:2071: 32.38

Chen Nan Iron Wire Co's Days Payable increased from Jun. 2023 (28.93) to Jun. 2024 (33.32). It may suggest that Chen Nan Iron Wire Co delayed paying its suppliers.

Chen Nan Iron Wire Co Days Payable Historical Data

The historical data trend for Chen Nan Iron Wire 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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Chen Nan Iron Wire Co Days Payable Chart

Chen Nan Iron Wire Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.50

26.37

38.66

33.36

35.56

Chen Nan Iron Wire Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial										39.00	32.37	28.93	32.51	33.32

Competitive Comparison of Chen Nan Iron Wire Co's Days Payable

For the Tools & Accessories subindustry, Chen Nan Iron Wire 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.

Chen Nan Iron Wire Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chen Nan Iron Wire Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chen Nan Iron Wire Co's Days Payable falls into.

Chen Nan Iron Wire 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.

Chen Nan Iron Wire 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
=	( (105.236	+	108.573)	/	2 )	/	1097.234	*	365
=	106.9045					/	1097.234	*	365
=	35.56

Chen Nan Iron Wire Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (108.573	+	118.311)	/	2 )	/	621.363	*	365 / 2
=	113.442					/	621.363	*	365 / 2
=	33.32

Chen Nan Iron Wire Co Days Payable Related Terms

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Chen Nan Iron Wire Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chen Nan Iron Wire Co Ltd (ROCO:2071) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No.202, Lane 275, Shun-an Road, Luzhu District, Kaohsiung, TWN, 82150

Website

https://www.ray-fu.com

Chen Nan Iron Wire Co Ltd is a Taiwan-based company engaged in providing products such as Self Drilling Screws, Roofing Screws, Chipboard Screws, Carbon Steel Wire, Alloy Wire, Bolts, and Nuts among others.

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