Miramar Hospitality Co (ROCO:2730) Days Payable : 9.37 (As of Jun. 2023)

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What is Miramar Hospitality Co Days Payable?

Miramar Hospitality Co's average Accounts Payable for the six months ended in Jun. 2023 was NT$3.1 Mil. Miramar Hospitality Co's Cost of Goods Sold for the six months ended in Jun. 2023 was NT$59.5 Mil. Hence, Miramar Hospitality Co's Days Payable for the six months ended in Jun. 2023 was 9.37.

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

ROCO:2730' s Days Payable Range Over the Past 10 Years
Min: 12.15 Med: 18.98 Max: 28.18
Current: 12.15

During the past 13 years, Miramar Hospitality Co's highest Days Payable was 28.18. The lowest was 12.15. And the median was 18.98.

ROCO:2730's Days Payable is not ranked
in the Travel & Leisure industry.
Industry Median: 57.71 vs ROCO:2730: 12.15

Miramar Hospitality Co's Days Payable declined from Jun. 2022 (19.90) to Jun. 2023 (9.37). It may suggest that Miramar Hospitality Co accelerated paying its suppliers.

Miramar Hospitality Co Days Payable Historical Data

The historical data trend for Miramar Hospitality 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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Miramar Hospitality Co Days Payable Chart

Miramar Hospitality Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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17.50

18.43

19.99

16.34

16.40

Miramar Hospitality Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															11.17	12.08	19.90	11.56	9.37

Competitive Comparison of Miramar Hospitality Co's Days Payable

For the Lodging subindustry, Miramar Hospitality 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.

Miramar Hospitality Co's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Miramar Hospitality Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Miramar Hospitality Co's Days Payable falls into.

Miramar Hospitality 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.

Miramar Hospitality Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (8.253	+	1.481)	/	2 )	/	108.328	*	365
=	4.867					/	108.328	*	365
=	16.40

Miramar Hospitality Co's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1.481	+	4.632)	/	2 )	/	59.525	*	365 / 2
=	3.0565					/	59.525	*	365 / 2
=	9.37

Miramar Hospitality Co Days Payable Related Terms

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Miramar Hospitality Co (ROCO:2730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Miramar Hospitality Co Ltd (ROCO:2730) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

83 Civic Boulevard, Section 3, Taipei, TWN

Website

http://www.miramargarden.com.tw

Miramar Hospitality Co Ltd is a Taiwan based restaurant operating company. It is engaged in the operation of hotel business, cafes, bars, conference rooms, and gym and sauna store. The company offers hotel rooms, catering, and health club service.

Miramar Hospitality Co (ROCO:2730) Headlines

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