Li Ming Development Construction Co (ROCO:6212) Days Payable : 39.02 (As of Mar. 2024)

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What is Li Ming Development Construction Co Days Payable?

Li Ming Development Construction Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$793 Mil. Li Ming Development Construction Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,855 Mil. Hence, Li Ming Development Construction Co's Days Payable for the three months ended in Mar. 2024 was 39.02.

The historical rank and industry rank for Li Ming Development Construction Co's Days Payable or its related term are showing as below:

ROCO:6212' s Days Payable Range Over the Past 10 Years
Min: 27.01 Med: 62.92 Max: 264.75
Current: 53.92

During the past 13 years, Li Ming Development Construction Co's highest Days Payable was 264.75. The lowest was 27.01. And the median was 62.92.

ROCO:6212's Days Payable is ranked worse than
67.92% of 1574 companies
in the Real Estate industry
Industry Median: 96.755 vs ROCO:6212: 53.92

Li Ming Development Construction Co's Days Payable declined from Mar. 2023 (247.21) to Mar. 2024 (39.02). It may suggest that Li Ming Development Construction Co accelerated paying its suppliers.

Li Ming Development Construction Co Days Payable Historical Data

The historical data trend for Li Ming Development Construction 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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Li Ming Development Construction Co Days Payable Chart

Li Ming Development Construction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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168.84

57.11

70.49

264.75

64.86

Li Ming Development Construction 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															247.21	933,866.27	13,765.16	16.44	39.02

Competitive Comparison of Li Ming Development Construction Co's Days Payable

For the Real Estate - Development subindustry, Li Ming Development Construction 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.

Li Ming Development Construction Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Li Ming Development Construction Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Li Ming Development Construction Co's Days Payable falls into.

Li Ming Development Construction 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.

Li Ming Development Construction 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
=	( (703.081	+	901.639)	/	2 )	/	4515.418	*	365
=	802.36					/	4515.418	*	365
=	64.86

Li Ming Development Construction 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
=	( (901.639	+	685.097)	/	2 )	/	1855.293	*	365 / 4
=	793.368					/	1855.293	*	365 / 4
=	39.02

Li Ming Development Construction Co Days Payable Related Terms

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Li Ming Development Construction Co (ROCO:6212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Li Ming Development Construction Co Ltd (ROCO:6212) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Gongdao 5th Road, 7th Floor, No. 419, Section 2, Hsinchu, TWN, 30069

Website

http://www.met.com.tw

Li Ming Development Construction Co Ltd is engaged in the development, leasing, and sale of residential and commercial buildings, as well as the wholesale and retail of construction materials. The company is also involved in landscape and interior design. It operates in one single segment that is the development of the property segment which is mainly engaged in the commissioning construction of residences and buildings and renting properties. It generates a vast majority of its revenues from the sales of lands and apartments.

Li Ming Development Construction Co (ROCO:6212) Headlines

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