Newsoft Technology (ROCO:5202) Days Payable : 47.73 (As of Mar. 2024)

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What is Newsoft Technology Days Payable?

Newsoft Technology's average Accounts Payable for the three months ended in Mar. 2024 was NT$4.4 Mil. Newsoft Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$8.4 Mil. Hence, Newsoft Technology's Days Payable for the three months ended in Mar. 2024 was 47.73.

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

ROCO:5202' s Days Payable Range Over the Past 10 Years
Min: 31.7 Med: 59.51 Max: 85.4
Current: 49.74

During the past 13 years, Newsoft Technology's highest Days Payable was 85.40. The lowest was 31.70. And the median was 59.51.

ROCO:5202's Days Payable is ranked better than
50.14% of 2523 companies
in the Software industry
Industry Median: 49.5 vs ROCO:5202: 49.74

Newsoft Technology's Days Payable declined from Mar. 2023 (59.53) to Mar. 2024 (47.73). It may suggest that Newsoft Technology accelerated paying its suppliers.

Newsoft Technology Days Payable Historical Data

The historical data trend for Newsoft 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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Newsoft Technology Days Payable Chart

Newsoft Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.28

67.79

77.46

60.77

58.24

Newsoft Technology 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															59.53	49.42	62.64	50.40	47.73

Competitive Comparison of Newsoft Technology's Days Payable

For the Software - Application subindustry, Newsoft 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.

Newsoft Technology's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Newsoft Technology's Days Payable distribution charts can be found below:

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

Newsoft 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.

Newsoft Technology'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
=	( (6.943	+	6.117)	/	2 )	/	40.928	*	365
=	6.53					/	40.928	*	365
=	58.24

Newsoft 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: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (6.117	+	2.646)	/	2 )	/	8.376	*	365 / 4
=	4.3815					/	8.376	*	365 / 4
=	47.73

Newsoft Technology Days Payable Related Terms

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Newsoft Technology (ROCO:5202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Newsoft Technology Corp (ROCO:5202) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinhu 1st Road, 6th Floor Number 15, Lane 128, Neihu District, Taipei, TWN, 114

Website

https://www.newsoft.com.tw

Newsoft Technology Corp manufactures, and markets software such as images, video, text recognition, international connectivity and galleries. The principal activities of The Company are trading in computer CPU and peripherals, research and development, sales and trading of communications network equipment, information software services and research, design, manufacture and trading of software relating to the aforementioned computer peripherals.

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