Provision Information Co (ROCO:6590) Days Payable : 6.46 (As of Sep. 2024)

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What is Provision Information Co Days Payable?

Provision Information Co's average Accounts Payable for the three months ended in Sep. 2024 was NT$5.4 Mil. Provision Information Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$76.5 Mil. Hence, Provision Information Co's Days Payable for the three months ended in Sep. 2024 was 6.46.

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

ROCO:6590' s Days Payable Range Over the Past 10 Years
Min: 9.57 Med: 27.4 Max: 114.74
Current: 10.75

During the past 11 years, Provision Information Co's highest Days Payable was 114.74. The lowest was 9.57. And the median was 27.40.

ROCO:6590's Days Payable is ranked worse than
90.21% of 2523 companies
in the Software industry
Industry Median: 48.75 vs ROCO:6590: 10.75

Provision Information Co's Days Payable declined from Sep. 2023 (12.03) to Sep. 2024 (6.46). It may suggest that Provision Information Co accelerated paying its suppliers.

Provision Information Co Days Payable Historical Data

The historical data trend for Provision Information 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.

* Premium members only.

Provision Information Co Days Payable Chart

Provision Information Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.61

18.68

9.57

9.92

11.34

Provision Information Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															12.03	13.80	13.18	8.57	6.46

Competitive Comparison of Provision Information Co's Days Payable

For the Software - Application subindustry, Provision Information 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.

Provision Information Co's Days Payable Distribution in the Software Industry

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

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

Provision Information 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.

Provision Information 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
=	( (8.102	+	15.553)	/	2 )	/	380.82	*	365
=	11.8275					/	380.82	*	365
=	11.34

Provision Information Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (6.219	+	4.617)	/	2 )	/	76.477	*	365 / 4
=	5.418					/	76.477	*	365 / 4
=	6.46

Provision Information Co Days Payable Related Terms

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Provision Information Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Provision Information Co Ltd (ROCO:6590) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Guangfu South Road, 9F-2, Songshan District, Taipei, TWN

Website

http://www.provision.com.tw

Provision Information Co Ltd provides software application solutions. The company offers Payment solutions, Financial application solutions, Security solutions, and Outsourcing services. It provides platform such as Linux, Unix, Windows, AS/400, Mainframe to mainly financial industry clients.

Provision Information Co Headlines

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