Vectorite Biomedical (ROCO:4170) Days Payable : 10.76 (As of Dec. 2023)

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What is Vectorite Biomedical Days Payable?

Vectorite Biomedical's average Accounts Payable for the six months ended in Dec. 2023 was NT$1.22 Mil. Vectorite Biomedical's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$20.64 Mil. Hence, Vectorite Biomedical's Days Payable for the six months ended in Dec. 2023 was 10.76.

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

ROCO:4170' s Days Payable Range Over the Past 10 Years
Min: 5.28 Med: 24.89 Max: 52.79
Current: 17.34

During the past 12 years, Vectorite Biomedical's highest Days Payable was 52.79. The lowest was 5.28. And the median was 24.89.

ROCO:4170's Days Payable is ranked worse than
92.11% of 722 companies
in the Biotechnology industry
Industry Median: 148.53 vs ROCO:4170: 17.34

Vectorite Biomedical's Days Payable declined from Dec. 2022 (24.49) to Dec. 2023 (10.76). It may suggest that Vectorite Biomedical accelerated paying its suppliers.

Vectorite Biomedical Days Payable Historical Data

The historical data trend for Vectorite Biomedical'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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Vectorite Biomedical Days Payable Chart

Vectorite Biomedical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec21

Dec22

Dec23

Days Payable

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36.28

32.29

34.04

25.51

20.31

Vectorite Biomedical Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															-	26.82	24.49	21.44	10.76

Competitive Comparison of Vectorite Biomedical's Days Payable

For the Biotechnology subindustry, Vectorite Biomedical'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.

Vectorite Biomedical's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Vectorite Biomedical's Days Payable distribution charts can be found below:

* The bar in red indicates where Vectorite Biomedical's Days Payable falls into.

Vectorite Biomedical 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.

Vectorite Biomedical'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
=	( (3.184	+	1.204)	/	2 )	/	39.43	*	365
=	2.194					/	39.43	*	365
=	20.31

Vectorite Biomedical's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.23	+	1.204)	/	2 )	/	20.64	*	365 / 2
=	1.217					/	20.64	*	365 / 2
=	10.76

Vectorite Biomedical Days Payable Related Terms

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Vectorite Biomedical (ROCO:4170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Vectorite Biomedical Inc (ROCO:4170) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xintai 5th Road, 6th Floor, Number 97, Section 1, Yuzhi District, New Taipei City, Taipei, TWN, 22175

Website

http://www.vectorite.com.tw

Vectorite Biomedical Inc is a Taiwan-based diagnostic and research company. It prepares studies of adult healthy cells, cell preparation and application.

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