Lagis Enterprise Co (ROCO:6730) Days Payable : 21.45 (As of Dec. 2023)

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What is Lagis Enterprise Co Days Payable?

Lagis Enterprise Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$15.5 Mil. Lagis Enterprise Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$131.7 Mil. Hence, Lagis Enterprise Co's Days Payable for the six months ended in Dec. 2023 was 21.45.

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

ROCO:6730' s Days Payable Range Over the Past 10 Years
Min: 25.75 Med: 34 Max: 38.68
Current: 26.66

During the past 8 years, Lagis Enterprise Co's highest Days Payable was 38.68. The lowest was 25.75. And the median was 34.00.

ROCO:6730's Days Payable is ranked worse than
88.78% of 784 companies
in the Medical Devices & Instruments industry
Industry Median: 72.505 vs ROCO:6730: 26.66

Lagis Enterprise Co's Days Payable declined from Dec. 2022 (46.90) to Dec. 2023 (21.45). It may suggest that Lagis Enterprise Co accelerated paying its suppliers.

Lagis Enterprise Co Days Payable Historical Data

The historical data trend for Lagis Enterprise 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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Lagis Enterprise Co Days Payable Chart

Lagis Enterprise Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.05

25.75

26.21

35.76

29.54

Lagis Enterprise Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial									33.15	34.20	46.90	29.77	21.45

Competitive Comparison of Lagis Enterprise Co's Days Payable

For the Medical Instruments & Supplies subindustry, Lagis Enterprise 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.

Lagis Enterprise Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Lagis Enterprise Co's Days Payable distribution charts can be found below:

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

Lagis Enterprise 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.

Lagis Enterprise 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
=	( (21.853	+	17.16)	/	2 )	/	241.046	*	365
=	19.5065					/	241.046	*	365
=	29.54

Lagis Enterprise Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (13.804	+	17.16)	/	2 )	/	131.748	*	365 / 2
=	15.482					/	131.748	*	365 / 2
=	21.45

Lagis Enterprise Co Days Payable Related Terms

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Lagis Enterprise Co (ROCO:6730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Lagis Enterprise Co Ltd (ROCO:6730) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.29, Gong 1st Road, Dajia District, Taichung, TWN, 43767

Website

https://www.lagis.com.tw

Lagis Enterprise Co Ltd is a medical device development company that designs, patents, and markets medical devices for the laparoscopic and endoscopic surgical markets. Its product portfolio includes Access, Endo Devices, Specimen Retrieval products, Suction Irrigation systems, Training systems, and accessories.

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