V-Tac Technology Co (ROCO:6229) Days Payable : 55.15 (As of Jun. 2024)

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What is V-Tac Technology Co Days Payable?

V-Tac Technology Co's average Accounts Payable for the three months ended in Jun. 2024 was NT$287 Mil. V-Tac Technology Co's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$475 Mil. Hence, V-Tac Technology Co's Days Payable for the three months ended in Jun. 2024 was 55.15.

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

ROCO:6229' s Days Payable Range Over the Past 10 Years
Min: 42.58 Med: 57.22 Max: 93.44
Current: 83.31

During the past 13 years, V-Tac Technology Co's highest Days Payable was 93.44. The lowest was 42.58. And the median was 57.22.

ROCO:6229's Days Payable is ranked better than
71.4% of 972 companies
in the Semiconductors industry
Industry Median: 52.245 vs ROCO:6229: 83.31

V-Tac Technology Co's Days Payable declined from Jun. 2023 (94.53) to Jun. 2024 (55.15). It may suggest that V-Tac Technology Co accelerated paying its suppliers.

V-Tac Technology Co Days Payable Historical Data

The historical data trend for V-Tac 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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V-Tac Technology Co Days Payable Chart

V-Tac Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

56.63

58.36

69.11

84.25

93.44

V-Tac Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															94.53	90.52	106.76	98.62	55.15

Competitive Comparison of V-Tac Technology Co's Days Payable

For the Semiconductors subindustry, V-Tac 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.

V-Tac Technology Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, V-Tac Technology Co's Days Payable distribution charts can be found below:

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

V-Tac 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.

V-Tac 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
=	( (231.65	+	233.84)	/	2 )	/	909.146	*	365
=	232.745					/	909.146	*	365
=	93.44

V-Tac Technology Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (217.761	+	355.847)	/	2 )	/	474.504	*	365 / 4
=	286.804					/	474.504	*	365 / 4
=	55.15

V-Tac Technology Co Days Payable Related Terms

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V-Tac Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » V-Tac Technology Co Ltd (ROCO:6229) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Kangning Street, 3rd Floor No 29-1 Lane 169, Xizhi District, New Taipei City, TWN

Website

http://www.vtac.com.tw

V-Tac Technology Co Ltd is an IC application design house and IC sales agent in Taiwan. Its products include image and video IC application products, voice control IC application products, microprocessor and memory IC application products.

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