Chernan Metal Industrial (ROCO:3631) Days Payable : 0.44 (As of Mar. 2024)

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What is Chernan Metal Industrial Days Payable?

Chernan Metal Industrial's average Accounts Payable for the three months ended in Mar. 2024 was NT$0.03 Mil. Chernan Metal Industrial's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$5.55 Mil. Hence, Chernan Metal Industrial's Days Payable for the three months ended in Mar. 2024 was 0.44.

The historical rank and industry rank for Chernan Metal Industrial's Days Payable or its related term are showing as below:

ROCO:3631' s Days Payable Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 1.21
Current: 0.2

During the past 13 years, Chernan Metal Industrial's highest Days Payable was 1.21. The lowest was 0.01. And the median was 0.08.

ROCO:3631's Days Payable is ranked worse than
99.93% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs ROCO:3631: 0.20

Chernan Metal Industrial's Days Payable increased from Mar. 2023 (0.13) to Mar. 2024 (0.44). It may suggest that Chernan Metal Industrial delayed paying its suppliers.

Chernan Metal Industrial Days Payable Historical Data

The historical data trend for Chernan Metal Industrial'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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Chernan Metal Industrial Days Payable Chart

Chernan Metal Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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0.05

0.11

0.06

0.08

0.16

Chernan Metal Industrial 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															0.13	0.12	0.22	0.20	0.44

Competitive Comparison of Chernan Metal Industrial's Days Payable

For the Metal Fabrication subindustry, Chernan Metal Industrial'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.

Chernan Metal Industrial's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Chernan Metal Industrial's Days Payable falls into.

Chernan Metal Industrial 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.

Chernan Metal Industrial'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
=	( (0.027	+	0.026)	/	2 )	/	62.007	*	365
=	0.0265					/	62.007	*	365
=	0.16

Chernan Metal Industrial'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
=	( (0.026	+	0.027)	/	2 )	/	5.545	*	365 / 4
=	0.0265					/	5.545	*	365 / 4
=	0.44

Chernan Metal Industrial Days Payable Related Terms

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Chernan Metal Industrial (ROCO:3631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chernan Metal Industrial Corp (ROCO:3631) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 161, Sec. 1, Wanshou Road, 18th Floor-1, Guishan Township, Taoyuan, TWN

Website

http://www.chernan.com

Chernan Metal Industrial Corp manufactures and sells tin and soldering products. The Group's reportable segments are divided into two parts, the domestic segment, and the overseas segment. The domestic business mainly manufactures and sells soldering products and trades semiconductor products. The overseas business mainly manufactures and sells soldered products.

Chernan Metal Industrial (ROCO:3631) Headlines

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