Shieh Yih Machinery Industry Co (ROCO:4533) Days Payable : 116.37 (As of Mar. 2024)

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What is Shieh Yih Machinery Industry Co Days Payable?

Shieh Yih Machinery Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$662 Mil. Shieh Yih Machinery Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$519 Mil. Hence, Shieh Yih Machinery Industry Co's Days Payable for the three months ended in Mar. 2024 was 116.37.

The historical rank and industry rank for Shieh Yih Machinery Industry Co's Days Payable or its related term are showing as below:

ROCO:4533' s Days Payable Range Over the Past 10 Years
Min: 83.61 Med: 116.65 Max: 126.11
Current: 106.61

During the past 13 years, Shieh Yih Machinery Industry Co's highest Days Payable was 126.11. The lowest was 83.61. And the median was 116.65.

ROCO:4533's Days Payable is ranked better than
65.12% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs ROCO:4533: 106.61

Shieh Yih Machinery Industry Co's Days Payable declined from Mar. 2023 (118.52) to Mar. 2024 (116.37). It may suggest that Shieh Yih Machinery Industry Co accelerated paying its suppliers.

Shieh Yih Machinery Industry Co Days Payable Historical Data

The historical data trend for Shieh Yih Machinery Industry Co'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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Shieh Yih Machinery Industry Co Days Payable Chart

Shieh Yih Machinery Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

126.11

110.09

83.61

111.44

118.57

Shieh Yih Machinery Industry Co 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															118.52	95.90	114.25	101.74	116.37

Competitive Comparison of Shieh Yih Machinery Industry Co's Days Payable

For the Specialty Industrial Machinery subindustry, Shieh Yih Machinery Industry Co'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.

Shieh Yih Machinery Industry Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shieh Yih Machinery Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shieh Yih Machinery Industry Co's Days Payable falls into.

Shieh Yih Machinery Industry Co 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.

Shieh Yih Machinery Industry Co'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
=	( (876.163	+	706.425)	/	2 )	/	2435.778	*	365
=	791.294					/	2435.778	*	365
=	118.57

Shieh Yih Machinery Industry Co'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
=	( (706.425	+	618.069)	/	2 )	/	519.305	*	365 / 4
=	662.247					/	519.305	*	365 / 4
=	116.37

Shieh Yih Machinery Industry Co Days Payable Related Terms

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Shieh Yih Machinery Industry Co (ROCO:4533) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shieh Yih Machinery Industry Co Ltd (ROCO:4533) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.446, Nanshang Road, Guishan District, Taoyuan, TWN, 333014

Website

https://www.seyi.com

Shieh Yih Machinery Industry Co Ltd designs, develops, manufactures, and sells machinery, and provides IT software services and other design services. The company derives the majority of its revenue from sales of equipment. Its products comprise of Straight Side Mechanical Press, Servo Press, and link mechanical press, among others.

Shieh Yih Machinery Industry Co (ROCO:4533) Headlines

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