Dimerco Express (ROCO:5609) Days Payable : 30.59 (As of Mar. 2024)

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What is Dimerco Express Days Payable?

Dimerco Express's average Accounts Payable for the three months ended in Mar. 2024 was NT$1,596 Mil. Dimerco Express's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$4,762 Mil. Hence, Dimerco Express's Days Payable for the three months ended in Mar. 2024 was 30.59.

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

ROCO:5609' s Days Payable Range Over the Past 10 Years
Min: 26.29 Med: 32.14 Max: 45.07
Current: 34.81

During the past 13 years, Dimerco Express's highest Days Payable was 45.07. The lowest was 26.29. And the median was 32.14.

ROCO:5609's Days Payable is ranked worse than
55.85% of 931 companies
in the Transportation industry
Industry Median: 39.08 vs ROCO:5609: 34.81

Dimerco Express's Days Payable declined from Mar. 2023 (49.25) to Mar. 2024 (30.59). It may suggest that Dimerco Express accelerated paying its suppliers.

Dimerco Express Days Payable Historical Data

The historical data trend for Dimerco Express'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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Dimerco Express Days Payable Chart

Dimerco Express Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.48

36.71

31.56

32.72

45.07

Dimerco Express 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															49.25	42.59	38.05	29.43	30.59

Competitive Comparison of Dimerco Express's Days Payable

For the Airports & Air Services subindustry, Dimerco Express'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.

Dimerco Express's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Dimerco Express's Days Payable distribution charts can be found below:

* The bar in red indicates where Dimerco Express's Days Payable falls into.

Dimerco Express 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.

Dimerco Express'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
=	( (2815.136	+	1690.53)	/	2 )	/	18245.653	*	365
=	2252.833					/	18245.653	*	365
=	45.07

Dimerco Express'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
=	( (1690.53	+	1501.543)	/	2 )	/	4761.743	*	365 / 4
=	1596.0365					/	4761.743	*	365 / 4
=	30.59

Dimerco Express Days Payable Related Terms

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Dimerco Express (ROCO:5609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dimerco Express Corp (ROCO:5609) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11th Floor, No.160, Sector 6, Min Chuan East Road, Taipei, TWN

Website

https://www.dimerco.com

Dimerco Express Corp provides air freight forwarding, ocean freight forwarding, and customs brokerage service, and related investing activities. Its segments include the Asia department, America department, and Europe department. The majority of the revenue is derived from the Asia department segment.

Dimerco Express (ROCO:5609) Headlines

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