Hong Wei Electrical Industry Co (ROCO:4565) Days Payable : 31.30 (As of Jun. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Hong Wei Electrical Industry Co Days Payable?

Hong Wei Electrical Industry Co's average Accounts Payable for the six months ended in Jun. 2024 was NT$87 Mil. Hong Wei Electrical Industry Co's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$510 Mil. Hence, Hong Wei Electrical Industry Co's Days Payable for the six months ended in Jun. 2024 was 31.30.

The historical rank and industry rank for Hong Wei Electrical Industry Co's Days Payable or its related term are showing as below:

ROCO:4565' s Days Payable Range Over the Past 10 Years
Min: 25.17 Med: 28.27 Max: 41.59
Current: 31.37

During the past 11 years, Hong Wei Electrical Industry Co's highest Days Payable was 41.59. The lowest was 25.17. And the median was 28.27.

ROCO:4565's Days Payable is ranked worse than
86.64% of 2942 companies
in the Industrial Products industry
Industry Median: 76.25 vs ROCO:4565: 31.37

Hong Wei Electrical Industry Co's Days Payable increased from Jun. 2023 (24.89) to Jun. 2024 (31.30). It may suggest that Hong Wei Electrical Industry Co delayed paying its suppliers.

Hong Wei Electrical Industry Co Days Payable Historical Data

The historical data trend for Hong Wei Electrical 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.

* Premium members only.

Hong Wei Electrical Industry Co Days Payable Chart

Hong Wei Electrical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

25.17

27.68

28.16

28.37

32.50

Hong Wei Electrical Industry Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															31.01	32.00	24.89	33.55	31.30

Competitive Comparison of Hong Wei Electrical Industry Co's Days Payable

For the Specialty Industrial Machinery subindustry, Hong Wei Electrical 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.

Hong Wei Electrical Industry Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hong Wei Electrical Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hong Wei Electrical Industry Co's Days Payable falls into.

Save Embed

;

Save Embed

;

Hong Wei Electrical 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.

Hong Wei Electrical 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
=	( (80.901	+	89.751)	/	2 )	/	958.241	*	365
=	85.326					/	958.241	*	365
=	32.50

Hong Wei Electrical Industry Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (89.751	+	85.068)	/	2 )	/	509.622	*	365 / 2
=	87.4095					/	509.622	*	365 / 2
=	31.30

Hong Wei Electrical Industry Co Days Payable Related Terms

Thank you for viewing the detailed overview of Hong Wei Electrical Industry Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Wei Electrical Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hong Wei Electrical Industry Co Ltd (ROCO:4565) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 33, Wuquan 5th Road, Wugu District, New Taipei, TWN, 248

Website

https://www.volbin.com

Hong Wei Electrical Industry Co Ltd is a Taiwan based company involved in manufacturing vertical vehicles. Its products include Freight Elevators like 2 Panels Center Opening Door, 2 Panels Side Opening Door, 3 Panels Side Opening Door, and 4 Panels Center Opening Door; Driving system; Special Elevator, Passenger Elevator, and Automatic Conveyor.

Hong Wei Electrical Industry Co Headlines

No Headlines