Shangya Technology Co (ROCO:6130) Days Payable : 7.71 (As of Mar. 2024)

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What is Shangya Technology Co Days Payable?

Shangya Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$2.3 Mil. Shangya Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$26.6 Mil. Hence, Shangya Technology Co's Days Payable for the three months ended in Mar. 2024 was 7.71.

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

ROCO:6130' s Days Payable Range Over the Past 10 Years
Min: 0.3 Med: 15.04 Max: 48.56
Current: 7.38

During the past 13 years, Shangya Technology Co's highest Days Payable was 48.56. The lowest was 0.30. And the median was 15.04.

ROCO:6130's Days Payable is ranked worse than
99.28% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.765 vs ROCO:6130: 7.38

Shangya Technology Co's Days Payable increased from Mar. 2023 (2.67) to Mar. 2024 (7.71). It may suggest that Shangya Technology Co delayed paying its suppliers.

Shangya Technology Co Days Payable Historical Data

The historical data trend for Shangya Technology Co'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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Shangya Technology Co Days Payable Chart

Shangya Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

2.26

3.78

2.25

0.30

2.77

Shangya Technology Co 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															2.67	7.40	9.09	7.11	7.71

Competitive Comparison of Shangya Technology Co's Days Payable

For the Drug Manufacturers - General subindustry, Shangya Technology Co'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.

Shangya Technology Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Shangya Technology Co's Days Payable distribution charts can be found below:

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

Shangya Technology Co 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.

Shangya Technology Co'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
=	( (0.05	+	2.302)	/	2 )	/	154.928	*	365
=	1.176					/	154.928	*	365
=	2.77

Shangya Technology Co'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
=	( (2.302	+	2.204)	/	2 )	/	26.648	*	365 / 4
=	2.253					/	26.648	*	365 / 4
=	7.71

Shangya Technology Co Days Payable Related Terms

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Shangya Technology Co (ROCO:6130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Shangya Technology Co Ltd (ROCO:6130) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nanjing East Road, 9th Floor - 12, No. 188, Section 5, Songshan District, Taipei, TWN, 10571

Website

https://www.singbao.com

Shangya Technology Co Ltd Formerly Singbao International Co Ltd is a Taiwan-based company involved in various activities of research and development. The Company's main business activities include research, development, production, and sales of wireless communication integrated circuits, satellite positioning system integrated circuits, and portable product ICs. The company segments are divided into the pharmaceutical business department, the product department, and others. The company derives the majority of its revenue from the pharmaceutical business department. which is responsible for the sales of Western medicines.

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