Renjie Oldsichuan Catering Management Consult (ROCO:2741) Days Payable : 16.57 (As of Dec. 2023)

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What is Renjie Oldsichuan Catering Management Consult Days Payable?

Renjie Oldsichuan Catering Management Consult's average Accounts Payable for the six months ended in Dec. 2023 was NT$25.6 Mil. Renjie Oldsichuan Catering Management Consult's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$282.2 Mil. Hence, Renjie Oldsichuan Catering Management Consult's Days Payable for the six months ended in Dec. 2023 was 16.57.

The historical rank and industry rank for Renjie Oldsichuan Catering Management Consult's Days Payable or its related term are showing as below:

ROCO:2741' s Days Payable Range Over the Past 10 Years
Min: 17.9 Med: 22.62 Max: 27.03
Current: 17.9

During the past 12 years, Renjie Oldsichuan Catering Management Consult's highest Days Payable was 27.03. The lowest was 17.90. And the median was 22.62.

ROCO:2741's Days Payable is ranked worse than
87.65% of 340 companies
in the Restaurants industry
Industry Median: 38.19 vs ROCO:2741: 17.90

Renjie Oldsichuan Catering Management Consult's Days Payable declined from Dec. 2022 (16.61) to Dec. 2023 (16.57). It may suggest that Renjie Oldsichuan Catering Management Consult accelerated paying its suppliers.

Renjie Oldsichuan Catering Management Consult Days Payable Historical Data

The historical data trend for Renjie Oldsichuan Catering Management Consult'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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Renjie Oldsichuan Catering Management Consult Days Payable Chart

Renjie Oldsichuan Catering Management Consult Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.57

21.94

25.85

22.67

19.93

Renjie Oldsichuan Catering Management Consult Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															18.71	18.11	16.61	17.21	16.57

Competitive Comparison of Renjie Oldsichuan Catering Management Consult's Days Payable

For the Restaurants subindustry, Renjie Oldsichuan Catering Management Consult'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.

Renjie Oldsichuan Catering Management Consult's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Renjie Oldsichuan Catering Management Consult's Days Payable distribution charts can be found below:

* The bar in red indicates where Renjie Oldsichuan Catering Management Consult's Days Payable falls into.

Renjie Oldsichuan Catering Management Consult 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.

Renjie Oldsichuan Catering Management Consult'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
=	( (30.441	+	30.181)	/	2 )	/	555.16	*	365
=	30.311					/	555.16	*	365
=	19.93

Renjie Oldsichuan Catering Management Consult's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21.05	+	30.181)	/	2 )	/	282.178	*	365 / 2
=	25.6155					/	282.178	*	365 / 2
=	16.57

Renjie Oldsichuan Catering Management Consult Days Payable Related Terms

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Renjie Oldsichuan Catering Management Consult (ROCO:2741) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Renjie Oldsichuan Catering Management Consult (ROCO:2741) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 597, Wenxue Road, Zuoying District, Kaohsiung, TWN, 813

Website

http://www.oldsichuan.com.tw

Renjie Oldsichuan Catering Management Consult is engaged in hot pot chain business and owns the directly-operated restaurants throughout Taiwan.

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