Tian Zheng Intl Precision Machinery (ROCO:6654) Days Payable : 79.13 (As of Dec. 2024)

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What is Tian Zheng Intl Precision Machinery Days Payable?

Tian Zheng Intl Precision Machinery's average Accounts Payable for the three months ended in Dec. 2024 was NT$65.1 Mil. Tian Zheng Intl Precision Machinery's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$75.1 Mil. Hence, Tian Zheng Intl Precision Machinery's Days Payable for the three months ended in Dec. 2024 was 79.13.

The historical rank and industry rank for Tian Zheng Intl Precision Machinery's Days Payable or its related term are showing as below:

ROCO:6654' s Days Payable Range Over the Past 10 Years
Min: 56.7 Med: 76.31 Max: 174.76
Current: 92.5

During the past 11 years, Tian Zheng Intl Precision Machinery's highest Days Payable was 174.76. The lowest was 56.70. And the median was 76.31.

ROCO:6654's Days Payable is ranked better than
59.22% of 2945 companies
in the Industrial Products industry
Industry Median: 76.31 vs ROCO:6654: 92.50

Tian Zheng Intl Precision Machinery's Days Payable increased from Dec. 2023 (71.82) to Dec. 2024 (79.13). It may suggest that Tian Zheng Intl Precision Machinery delayed paying its suppliers.

Tian Zheng Intl Precision Machinery Days Payable Historical Data

The historical data trend for Tian Zheng Intl Precision Machinery'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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Tian Zheng Intl Precision Machinery Days Payable Chart

Tian Zheng Intl Precision Machinery Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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73.38

56.70

102.75

79.23

86.68

Tian Zheng Intl Precision Machinery Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															71.82	128.89	85.38	94.78	79.13

Competitive Comparison of Tian Zheng Intl Precision Machinery's Days Payable

For the Specialty Industrial Machinery subindustry, Tian Zheng Intl Precision Machinery'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.

Tian Zheng Intl Precision Machinery's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tian Zheng Intl Precision Machinery's Days Payable distribution charts can be found below:

* The bar in red indicates where Tian Zheng Intl Precision Machinery's Days Payable falls into.

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Tian Zheng Intl Precision Machinery 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.

Tian Zheng Intl Precision Machinery'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
=	( (69.13	+	57.542)	/	2 )	/	266.714	*	365
=	63.336					/	266.714	*	365
=	86.68

Tian Zheng Intl Precision Machinery'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: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (72.723	+	57.542)	/	2 )	/	75.108	*	365 / 4
=	65.1325					/	75.108	*	365 / 4
=	79.13

Tian Zheng Intl Precision Machinery Days Payable Related Terms

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Tian Zheng Intl Precision Machinery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tian Zheng Intl Precision Machinery (ROCO:6654) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 295-2, Fengren Road, Renwu District, Kaohsiung, TWN

Website

http://www.tz-int.com

Tian Zheng Intl Precision Machinery is engaged in self Automation and mechanical engineering design, processing and manufacturing, assembly and consumer optoelectronic product design, manufacturing and sales. Its products include resistance test packaging machine, LED sorting machine, drilling machine, punch machine, winding inductance measuring charter, capacitance test packaging machine.

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