Grandtech C.G.System (ROCO:6123) Days Payable : 37.61 (As of Mar. 2024)

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What is Grandtech C.G.System Days Payable?

Grandtech C.G.System's average Accounts Payable for the three months ended in Mar. 2024 was NT$456 Mil. Grandtech C.G.System's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,107 Mil. Hence, Grandtech C.G.System's Days Payable for the three months ended in Mar. 2024 was 37.61.

The historical rank and industry rank for Grandtech C.G.System's Days Payable or its related term are showing as below:

ROCO:6123' s Days Payable Range Over the Past 10 Years
Min: 26.93 Med: 36.4 Max: 62.68
Current: 36.2

During the past 13 years, Grandtech C.G.System's highest Days Payable was 62.68. The lowest was 26.93. And the median was 36.40.

ROCO:6123's Days Payable is ranked worse than
82.23% of 2425 companies
in the Hardware industry
Industry Median: 68.07 vs ROCO:6123: 36.20

Grandtech C.G.System's Days Payable declined from Mar. 2023 (39.10) to Mar. 2024 (37.61). It may suggest that Grandtech C.G.System accelerated paying its suppliers.

Grandtech C.G.System Days Payable Historical Data

The historical data trend for Grandtech C.G.System'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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Grandtech C.G.System Days Payable Chart

Grandtech C.G.System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.93

32.36

33.33

33.95

38.85

Grandtech C.G.System 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															39.10	37.49	30.64	40.28	37.61

Competitive Comparison of Grandtech C.G.System's Days Payable

For the Electronics & Computer Distribution subindustry, Grandtech C.G.System'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.

Grandtech C.G.System's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Grandtech C.G.System's Days Payable distribution charts can be found below:

* The bar in red indicates where Grandtech C.G.System's Days Payable falls into.

Grandtech C.G.System 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.

Grandtech C.G.System'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
=	( (468.396	+	464.537)	/	2 )	/	4382.914	*	365
=	466.4665					/	4382.914	*	365
=	38.85

Grandtech C.G.System'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
=	( (464.537	+	447.816)	/	2 )	/	1106.83	*	365 / 4
=	456.1765					/	1106.83	*	365 / 4
=	37.61

Grandtech C.G.System Days Payable Related Terms

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Grandtech C.G.System (ROCO:6123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Grandtech C.G.System Inc (ROCO:6123) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rui Guang Road, 3rd Floor, No. 33, Lane 76, Taipei, TWN, 114

Website

https://www.grandtech.com.sg

Grandtech C.G.System Inc is engaged in publishing and sales of popular books, magazines and computer software, as well as design and programming of user friendly functional programs and providing data processing services. The company has its geographic presence in Taiwan, Hong Kong and Others.

Grandtech C.G.System (ROCO:6123) Headlines

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