Munsin Garment (ROCO:2916) Days Payable : 33.02 (As of Mar. 2024)

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What is Munsin Garment Days Payable?

Munsin Garment's average Accounts Payable for the three months ended in Mar. 2024 was NT$86 Mil. Munsin Garment's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$237 Mil. Hence, Munsin Garment's Days Payable for the three months ended in Mar. 2024 was 33.02.

The historical rank and industry rank for Munsin Garment's Days Payable or its related term are showing as below:

ROCO:2916' s Days Payable Range Over the Past 10 Years
Min: 10.69 Med: 14.34 Max: 38.51
Current: 38.51

During the past 13 years, Munsin Garment's highest Days Payable was 38.51. The lowest was 10.69. And the median was 14.34.

ROCO:2916's Days Payable is ranked worse than
66.93% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs ROCO:2916: 38.51

Munsin Garment's Days Payable increased from Mar. 2023 (25.30) to Mar. 2024 (33.02). It may suggest that Munsin Garment delayed paying its suppliers.

Munsin Garment Days Payable Historical Data

The historical data trend for Munsin Garment'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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Munsin Garment Days Payable Chart

Munsin Garment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.03

14.49

10.69

11.55

12.85

Munsin Garment 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															25.30	26.30	54.34	34.12	33.02

Competitive Comparison of Munsin Garment's Days Payable

For the Apparel Manufacturing subindustry, Munsin Garment'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.

Munsin Garment's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's Days Payable distribution charts can be found below:

* The bar in red indicates where Munsin Garment's Days Payable falls into.

Munsin Garment 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.

Munsin Garment'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
=	( (30.446	+	30.432)	/	2 )	/	864.424	*	365
=	30.439					/	864.424	*	365
=	12.85

Munsin Garment'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
=	( (30.432	+	140.991)	/	2 )	/	236.86	*	365 / 4
=	85.7115					/	236.86	*	365 / 4
=	33.02

Munsin Garment Days Payable Related Terms

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Munsin Garment (ROCO:2916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Munsin Garment Corp (ROCO:2916) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO.18, Wu-Chuan 6 Road, Wu-Gu District, New Taipei City, TWN

Website

http://www.munsin.com.tw

Munsin Garment Corp manufactures and trades garments knitwear. The company provides men's and women's apparels under brands named Munsingwear, Mcgregor, Eminento, NARA and Hazzys, among others.

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