Gloria Material Technology (ROCO:5009) Days Payable : 25.14 (As of Mar. 2024)

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What is Gloria Material Technology Days Payable?

Gloria Material Technology's average Accounts Payable for the three months ended in Mar. 2024 was NT$686 Mil. Gloria Material Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,489 Mil. Hence, Gloria Material Technology's Days Payable for the three months ended in Mar. 2024 was 25.14.

The historical rank and industry rank for Gloria Material Technology's Days Payable or its related term are showing as below:

ROCO:5009' s Days Payable Range Over the Past 10 Years
Min: 14.1 Med: 20.33 Max: 29.91
Current: 29.91

During the past 13 years, Gloria Material Technology's highest Days Payable was 29.91. The lowest was 14.10. And the median was 20.33.

ROCO:5009's Days Payable is ranked worse than
66.1% of 584 companies
in the Steel industry
Industry Median: 41.43 vs ROCO:5009: 29.91

Gloria Material Technology's Days Payable increased from Dec. 2022 (25.01) to Mar. 2024 (25.14). It may suggest that Gloria Material Technology delayed paying its suppliers.

Gloria Material Technology Days Payable Historical Data

The historical data trend for Gloria Material Technology'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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Gloria Material Technology Days Payable Chart

Gloria Material Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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21.65

18.86

18.72

24.67

29.34

Gloria Material Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															25.01	23.57	18.73	25.14	25.14

Competitive Comparison of Gloria Material Technology's Days Payable

For the Steel subindustry, Gloria Material Technology'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.

Gloria Material Technology's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Gloria Material Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Gloria Material Technology's Days Payable falls into.

Gloria Material Technology 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.

Gloria Material Technology's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (605.745	+	746.383)	/	2 )	/	8409.687	*	365
=	676.064					/	8409.687	*	365
=	29.34

Gloria Material Technology'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (708.715	+	662.943)	/	2 )	/	2489.478	*	365 / 4
=	685.829					/	2489.478	*	365 / 4
=	25.14

Gloria Material Technology Days Payable Related Terms

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Gloria Material Technology (ROCO:5009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Gloria Material Technology Corp (ROCO:5009) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35 Xinzhong Road, Xinying District, Tainan, TWN

Website

https://www.gmtc.com.tw

Gloria Material Technology Corp is mainly engaged in the production and sale of special steel, carbon steel, alloy steel, super alloy and smelting of the raw materials of these products. GMTC provides various quality materials at such as Superalloy, Titanium Alloy, High Speed Steel, Tool Steel, Stainless Steel, various ESR, VAR materials and Quenched-Tempered Steel and has various steel grades. Its product shapes are focused on Round bars and Square bars. The company's products include cold work tool steel, hot work tool steel, and carbon tool steel.

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