Kaofu Chemical (ROCO:4773) Days Payable : 24.27 (As of Jun. 2024)

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What is Kaofu Chemical Days Payable?

Kaofu Chemical's average Accounts Payable for the six months ended in Jun. 2024 was NT$166 Mil. Kaofu Chemical's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$1,250 Mil. Hence, Kaofu Chemical's Days Payable for the six months ended in Jun. 2024 was 24.27.

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

ROCO:4773' s Days Payable Range Over the Past 10 Years
Min: 21.71 Med: 28.29 Max: 37
Current: 21.71

During the past 6 years, Kaofu Chemical's highest Days Payable was 37.00. The lowest was 21.71. And the median was 28.29.

ROCO:4773's Days Payable is ranked worse than
89.15% of 1511 companies
in the Chemicals industry
Industry Median: 59.26 vs ROCO:4773: 21.71

Kaofu Chemical's Days Payable declined from Jun. 2023 (24.29) to Jun. 2024 (24.27). It may suggest that Kaofu Chemical accelerated paying its suppliers.

Kaofu Chemical Days Payable Historical Data

The historical data trend for Kaofu Chemical'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.

Kaofu Chemical Days Payable Chart

Kaofu Chemical Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.09

37.00

28.29

26.55

29.83

Kaofu Chemical Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial				22.35	25.17	24.29	22.94	24.27

Competitive Comparison of Kaofu Chemical's Days Payable

For the Specialty Chemicals subindustry, Kaofu Chemical'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.

Kaofu Chemical's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kaofu Chemical's Days Payable distribution charts can be found below:

* The bar in red indicates where Kaofu Chemical's Days Payable falls into.

Kaofu Chemical 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.

Kaofu Chemical'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
=	( (226.699	+	205.87)	/	2 )	/	2646.649	*	365
=	216.2845					/	2646.649	*	365
=	29.83

Kaofu Chemical'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
=	( (205.87	+	126.649)	/	2 )	/	1250.268	*	365 / 2
=	166.2595					/	1250.268	*	365 / 2
=	24.27

Kaofu Chemical Days Payable Related Terms

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Kaofu Chemical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kaofu Chemical Corp (ROCO:4773) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO 385, Fong-Jen Road, Ren Wu District, Kaohsiung, TWN, 814

Website

http://www.kaofu.com

Kaofu Chemical Corp is a manufacturer and seller of General Purpose Polystyrene (GPPS) and High lmpact Polystyrene (HIPS). Its Polystyrene(PS) is widely used for making household appliances and computer peripherals such as daily necessity, mouse, and electronic packaging by methods of injection and extrusion.

Kaofu Chemical Headlines

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