Top High Image (ROCO:3284) Days Payable : 11.28 (As of Sep. 2024)

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What is Top High Image Days Payable?

Top High Image's average Accounts Payable for the three months ended in Sep. 2024 was NT$33 Mil. Top High Image's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$265 Mil. Hence, Top High Image's Days Payable for the three months ended in Sep. 2024 was 11.28.

The historical rank and industry rank for Top High Image's Days Payable or its related term are showing as below:

ROCO:3284' s Days Payable Range Over the Past 10 Years
Min: 14.06 Med: 30.78 Max: 40.01
Current: 14.06

During the past 13 years, Top High Image's highest Days Payable was 40.01. The lowest was 14.06. And the median was 30.78.

ROCO:3284's Days Payable is ranked worse than
97.13% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs ROCO:3284: 14.06

Top High Image's Days Payable declined from Sep. 2023 (14.89) to Sep. 2024 (11.28). It may suggest that Top High Image accelerated paying its suppliers.

Top High Image Days Payable Historical Data

The historical data trend for Top High Image'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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Top High Image Days Payable Chart

Top High Image Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.13

34.78

27.02

15.13

14.13

Top High Image Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															14.89	14.29	15.65	16.28	11.28

Competitive Comparison of Top High Image's Days Payable

For the Specialty Industrial Machinery subindustry, Top High Image'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.

Top High Image's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Top High Image's Days Payable distribution charts can be found below:

* The bar in red indicates where Top High Image's Days Payable falls into.

Top High Image 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.

Top High Image'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
=	( (22.293	+	24.724)	/	2 )	/	607.395	*	365
=	23.5085					/	607.395	*	365
=	14.13

Top High Image's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (34.287	+	31.317)	/	2 )	/	265.453	*	365 / 4
=	32.802					/	265.453	*	365 / 4
=	11.28

Top High Image Days Payable Related Terms

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Top High Image Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Top High Image Corp (ROCO:3284) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 20 Juguang 2nd Street, Dafa industrial park, Daliao District, Kaohsiung, TWN, 831

Website

https://www.ctptop.com.tw

Top High Image Corp is engaged in manufacturing of pre-sensitized plate used in offset printing and wholesale of aluminum plate materials. Its products include Thermal CTP plate, UV CTP plate, PS palte, BOPP film, Hot Stamping Foil, Cold Foil and Wash Cloth, among others.

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