Taiwan Taxi Co (ROCO:2640) Days Payable : 67.61 (As of Mar. 2024)

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What is Taiwan Taxi Co Days Payable?

Taiwan Taxi Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$283 Mil. Taiwan Taxi Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$382 Mil. Hence, Taiwan Taxi Co's Days Payable for the three months ended in Mar. 2024 was 67.61.

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

ROCO:2640' s Days Payable Range Over the Past 10 Years
Min: 16 Med: 32.46 Max: 57.87
Current: 57.87

During the past 13 years, Taiwan Taxi Co's highest Days Payable was 57.87. The lowest was 16.00. And the median was 32.46.

ROCO:2640's Days Payable is ranked better than
66.42% of 929 companies
in the Transportation industry
Industry Median: 38.97 vs ROCO:2640: 57.87

Taiwan Taxi Co's Days Payable increased from Mar. 2023 (45.94) to Mar. 2024 (67.61). It may suggest that Taiwan Taxi Co delayed paying its suppliers.

Taiwan Taxi Co Days Payable Historical Data

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

Taiwan Taxi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.65

52.50

48.59

44.04

55.06

Taiwan Taxi 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															45.94	46.61	57.77	62.14	67.61

Competitive Comparison of Taiwan Taxi Co's Days Payable

For the Railroads subindustry, Taiwan Taxi 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 Taxi Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Taiwan Taxi Co's Days Payable distribution charts can be found below:

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

Taiwan Taxi 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 Taxi 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
=	( (181.741	+	278.678)	/	2 )	/	1526.1	*	365
=	230.2095					/	1526.1	*	365
=	55.06

Taiwan Taxi 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
=	( (278.678	+	287.478)	/	2 )	/	382.084	*	365 / 4
=	283.078					/	382.084	*	365 / 4
=	67.61

Taiwan Taxi Co Days Payable Related Terms

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Taiwan Taxi Co (ROCO:2640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taiwan Taxi Co Ltd Inc (ROCO:2640) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang'an East Road, Zhongshan District, 2nd Floor, No. 162, Section 2, Taipei City, TWN, 241

Website

http://www.taiwantaxi.com.tw

Taiwan Taxi Co Ltd Inc is a platform peripheral sales and service activities derived from the platform, which are divided into product sales and labor services and information media. The company is engaged in providing taxi passengers cars with drivers. It provides taxi services around Taiwan.

Taiwan Taxi Co (ROCO:2640) Headlines

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