Sunnic Technology & Merchandise (ROCO:3360) Days Payable : 56.46 (As of Mar. 2024)

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What is Sunnic Technology & Merchandise Days Payable?

Sunnic Technology & Merchandise's average Accounts Payable for the three months ended in Mar. 2024 was NT$660 Mil. Sunnic Technology & Merchandise's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,067 Mil. Hence, Sunnic Technology & Merchandise's Days Payable for the three months ended in Mar. 2024 was 56.46.

The historical rank and industry rank for Sunnic Technology & Merchandise's Days Payable or its related term are showing as below:

ROCO:3360' s Days Payable Range Over the Past 10 Years
Min: 36.36 Med: 54.64 Max: 74.88
Current: 59.98

During the past 13 years, Sunnic Technology & Merchandise's highest Days Payable was 74.88. The lowest was 36.36. And the median was 54.64.

ROCO:3360's Days Payable is ranked worse than
58.18% of 2422 companies
in the Hardware industry
Industry Median: 68.065 vs ROCO:3360: 59.98

Sunnic Technology & Merchandise's Days Payable declined from Mar. 2023 (63.87) to Mar. 2024 (56.46). It may suggest that Sunnic Technology & Merchandise accelerated paying its suppliers.

Sunnic Technology & Merchandise Days Payable Historical Data

The historical data trend for Sunnic Technology & Merchandise'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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Sunnic Technology & Merchandise Days Payable Chart

Sunnic Technology & Merchandise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

48.05

36.36

47.36

62.29

60.32

Sunnic Technology & Merchandise 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															63.87	52.30	90.16	47.91	56.46

Competitive Comparison of Sunnic Technology & Merchandise's Days Payable

For the Electronics & Computer Distribution subindustry, Sunnic Technology & Merchandise'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.

Sunnic Technology & Merchandise's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sunnic Technology & Merchandise's Days Payable distribution charts can be found below:

* The bar in red indicates where Sunnic Technology & Merchandise's Days Payable falls into.

Sunnic Technology & Merchandise 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.

Sunnic Technology & Merchandise'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
=	( (1670.36	+	665.497)	/	2 )	/	7066.823	*	365
=	1167.9285					/	7066.823	*	365
=	60.32

Sunnic Technology & Merchandise'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
=	( (665.497	+	654.686)	/	2 )	/	1066.889	*	365 / 4
=	660.0915					/	1066.889	*	365 / 4
=	56.46

Sunnic Technology & Merchandise Days Payable Related Terms

Thank you for viewing the detailed overview of Sunnic Technology & Merchandise's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Sunnic Technology & Merchandise (ROCO:3360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sunnic Technology & Merchandise Inc (ROCO:3360) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 76, Zhouzi Street, 6th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.sunnic.com.tw

Sunnic Technology & Merchandise Inc is engaged in the operation including dealership and distribution of electronic parts and components and production equipment, technology solutions integration and marketing, product manufacturing technique counseling and consultation, product sale, and marketing, and after-sales technical service.

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