Ways Technical (ROCO:3508) Days Payable : 104.33 (As of Mar. 2024)

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What is Ways Technical Days Payable?

Ways Technical's average Accounts Payable for the three months ended in Mar. 2024 was NT$175.3 Mil. Ways Technical's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$153.3 Mil. Hence, Ways Technical's Days Payable for the three months ended in Mar. 2024 was 104.33.

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

ROCO:3508' s Days Payable Range Over the Past 10 Years
Min: 81.18 Med: 96.26 Max: 184.69
Current: 96.93

During the past 13 years, Ways Technical's highest Days Payable was 184.69. The lowest was 81.18. And the median was 96.26.

ROCO:3508's Days Payable is ranked better than
74.29% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs ROCO:3508: 96.93

Ways Technical's Days Payable increased from Mar. 2023 (100.69) to Mar. 2024 (104.33). It may suggest that Ways Technical delayed paying its suppliers.

Ways Technical Days Payable Historical Data

The historical data trend for Ways Technical'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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Ways Technical Days Payable Chart

Ways Technical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.51

81.18

88.12

98.25

106.82

Ways Technical 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															100.69	89.84	103.80	99.34	104.33

Competitive Comparison of Ways Technical's Days Payable

For the Specialty Chemicals subindustry, Ways Technical'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.

Ways Technical's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ways Technical's Days Payable distribution charts can be found below:

* The bar in red indicates where Ways Technical's Days Payable falls into.

Ways Technical 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.

Ways Technical'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
=	( (252.252	+	192.842)	/	2 )	/	760.406	*	365
=	222.547					/	760.406	*	365
=	106.82

Ways Technical'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
=	( (192.842	+	157.712)	/	2 )	/	153.304	*	365 / 4
=	175.277					/	153.304	*	365 / 4
=	104.33

Ways Technical Days Payable Related Terms

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Ways Technical (ROCO:3508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ways Technical Corp (ROCO:3508) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26, Gaoqing Road, Yangmei District, Taoyuan, TWN

Website

http://www.waystech.net

Ways Technical Corp is a Taiwan-based company engaged in the manufacture of plastic daily necessities, surface treatment, electronic parts, and components manufacturing and processing. Its geographical segment includes Taiwan and China, business groups. The majority of the revenue comes from the Taiwan business group.

Ways Technical (ROCO:3508) Headlines

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