Ma Kuang Healthcare Holdings (ROCO:4139) Days Payable : 12.09 (As of Mar. 2024)

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What is Ma Kuang Healthcare Holdings Days Payable?

Ma Kuang Healthcare Holdings's average Accounts Payable for the three months ended in Mar. 2024 was NT$32 Mil. Ma Kuang Healthcare Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$239 Mil. Hence, Ma Kuang Healthcare Holdings's Days Payable for the three months ended in Mar. 2024 was 12.09.

The historical rank and industry rank for Ma Kuang Healthcare Holdings's Days Payable or its related term are showing as below:

ROCO:4139' s Days Payable Range Over the Past 10 Years
Min: 7.12 Med: 27.63 Max: 62.93
Current: 7.12

During the past 13 years, Ma Kuang Healthcare Holdings's highest Days Payable was 62.93. The lowest was 7.12. And the median was 27.63.

ROCO:4139's Days Payable is ranked worse than
94.46% of 596 companies
in the Healthcare Providers & Services industry
Industry Median: 63.31 vs ROCO:4139: 7.12

Ma Kuang Healthcare Holdings's Days Payable declined from Mar. 2023 (20.15) to Mar. 2024 (12.09). It may suggest that Ma Kuang Healthcare Holdings accelerated paying its suppliers.

Ma Kuang Healthcare Holdings Days Payable Historical Data

The historical data trend for Ma Kuang Healthcare Holdings'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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Ma Kuang Healthcare Holdings Days Payable Chart

Ma Kuang Healthcare Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.56

27.76

10.95

15.75

13.25

Ma Kuang Healthcare Holdings 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															20.15	3.68	3.04	4.83	12.09

Competitive Comparison of Ma Kuang Healthcare Holdings's Days Payable

For the Medical Care Facilities subindustry, Ma Kuang Healthcare Holdings'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.

Ma Kuang Healthcare Holdings's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ma Kuang Healthcare Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Ma Kuang Healthcare Holdings's Days Payable falls into.

Ma Kuang Healthcare Holdings 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.

Ma Kuang Healthcare Holdings'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
=	( (53.568	+	22.406)	/	2 )	/	1046.349	*	365
=	37.987					/	1046.349	*	365
=	13.25

Ma Kuang Healthcare Holdings'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
=	( (22.406	+	40.884)	/	2 )	/	238.814	*	365 / 4
=	31.645					/	238.814	*	365 / 4
=	12.09

Ma Kuang Healthcare Holdings Days Payable Related Terms

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Ma Kuang Healthcare Holdings (ROCO:4139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ma Kuang Healthcare Holdings Ltd (ROCO:4139) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Floor, Harbour Centre, P O BOX 613, George Town, Grand Cayman, CYM

Website

https://www.makuanggroup.com

Ma Kuang Healthcare Holdings Ltd offers a range of traditional Chinese medicine products and services, including consultation, acupuncture, gynecology and pediatrics, massotherapy, andrology, dermatology and women's healthcare, and body wellness. It's business segments include Singapore medical; Singapore education; Taiwan; and China. The firm generates Most of the revenue from Singapore.

Ma Kuang Healthcare Holdings (ROCO:4139) Headlines

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