Solid Year Co (ROCO:6737) Days Payable : 65.49 (As of Dec. 2023)

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What is Solid Year Co Days Payable?

Solid Year Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$498 Mil. Solid Year Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$1,388 Mil. Hence, Solid Year Co's Days Payable for the six months ended in Dec. 2023 was 65.49.

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

ROCO:6737' s Days Payable Range Over the Past 10 Years
Min: 45.44 Med: 74.42 Max: 97.69
Current: 73.73

During the past 8 years, Solid Year Co's highest Days Payable was 97.69. The lowest was 45.44. And the median was 74.42.

ROCO:6737's Days Payable is ranked better than
55.06% of 2421 companies
in the Hardware industry
Industry Median: 67.77 vs ROCO:6737: 73.73

Solid Year Co's Days Payable declined from Dec. 2022 (74.34) to Dec. 2023 (65.49). It may suggest that Solid Year Co accelerated paying its suppliers.

Solid Year Co Days Payable Historical Data

The historical data trend for Solid Year 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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Solid Year Co Days Payable Chart

Solid Year Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.58

81.53

97.69

67.31

81.63

Solid Year 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									69.67	70.40	74.34	74.70	65.49

Competitive Comparison of Solid Year Co's Days Payable

For the Computer Hardware subindustry, Solid Year 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.

Solid Year Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Solid Year Co's Days Payable distribution charts can be found below:

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

Solid Year 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.

Solid Year 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
=	( (577.233	+	584.358)	/	2 )	/	2596.903	*	365
=	580.7955					/	2596.903	*	365
=	81.63

Solid Year 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
=	( (412.107	+	584.358)	/	2 )	/	1388.353	*	365 / 2
=	498.2325					/	1388.353	*	365 / 2
=	65.49

Solid Year Co Days Payable Related Terms

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Solid Year Co (ROCO:6737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid Year Co Ltd (ROCO:6737) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xintai 5th Road, 18th Floor, No. 97, Section 1, Xizhi District, New Taipei City, Taipei, TWN

Website

http://www.solidyear.com

Solid Year Co Ltd is engaged in producing single-shot and double-shot plastic injection finished products from mold manufacturers specializing in mold design and manufacturing. The company's products are computer keyboard, USB network camera, USB network camera module, driving recorder, hunting machine, projector, gamepad, automotive electronics, in-car multimedia audio and video system, smart rear-view mirror, head-up display, iPhone Computer electronic peripheral products such as Car Box, infant network surveillance camera, among others.

Solid Year Co (ROCO:6737) Headlines

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