ThroughTek Co (ROCO:6565) Days Payable : 12.07 (As of Dec. 2024)

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What is ThroughTek Co Days Payable?

ThroughTek Co's average Accounts Payable for the six months ended in Dec. 2024 was NT$4.4 Mil. ThroughTek Co's Cost of Goods Sold for the six months ended in Dec. 2024 was NT$67.2 Mil. Hence, ThroughTek Co's Days Payable for the six months ended in Dec. 2024 was 12.07.

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

ROCO:6565' s Days Payable Range Over the Past 10 Years
Min: 0.07 Med: 9.26 Max: 30.12
Current: 12.65

During the past 13 years, ThroughTek Co's highest Days Payable was 30.12. The lowest was 0.07. And the median was 9.26.

ROCO:6565's Days Payable is ranked worse than
88.44% of 2551 companies
in the Software industry
Industry Median: 51.71 vs ROCO:6565: 12.65

ThroughTek Co's Days Payable declined from Dec. 2023 (29.62) to Dec. 2024 (12.07). It may suggest that ThroughTek Co accelerated paying its suppliers.

ThroughTek Co Days Payable Historical Data

The historical data trend for ThroughTek 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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ThroughTek Co Days Payable Chart

ThroughTek Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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23.03

24.61

0.46

30.12

9.26

ThroughTek Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial															-	-	29.62	16.64	12.07

Competitive Comparison of ThroughTek Co's Days Payable

For the Software - Infrastructure subindustry, ThroughTek 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.

ThroughTek Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, ThroughTek Co's Days Payable distribution charts can be found below:

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

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ThroughTek 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.

ThroughTek Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (5.057	+	1.75)	/	2 )	/	134.112	*	365
=	3.4035					/	134.112	*	365
=	9.26

ThroughTek Co's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (7.142	+	1.75)	/	2 )	/	67.232	*	365 / 2
=	4.446					/	67.232	*	365 / 2
=	12.07

ThroughTek Co Days Payable Related Terms

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ThroughTek Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ThroughTek Co Ltd (ROCO:6565) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Lane 12, Xingzhong Road, 5th Floor, No. 21, Nangang District, Taipei, TWN, 11579

Website

https://www.throughtek.com

ThroughTek Co Ltd is a Taiwan-based company involved in network monitoring device-related software or firmware development services, IoT cloud connection platform software or firmware solution services, cloud services, cloud platform licensing and smart home networking product. The solutions provided by the company include Streaming Service, Video Recording, Two-Way Communication, Connected Car, Data Analytics and Home Automation among others.

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