Tsky Co (ROCO:6784) Days Payable : 77.63 (As of Dec. 2023)

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What is Tsky Co Days Payable?

Tsky Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$50.6 Mil. Tsky Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$118.9 Mil. Hence, Tsky Co's Days Payable for the six months ended in Dec. 2023 was 77.63.

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

ROCO:6784' s Days Payable Range Over the Past 10 Years
Min: 54.23 Med: 81.36 Max: 90.12
Current: 86.41

During the past 7 years, Tsky Co's highest Days Payable was 90.12. The lowest was 54.23. And the median was 81.36.

ROCO:6784's Days Payable is ranked better than
63.54% of 2427 companies
in the Hardware industry
Industry Median: 68.09 vs ROCO:6784: 86.41

Tsky Co's Days Payable increased from Dec. 2022 (49.91) to Dec. 2023 (77.63). It may suggest that Tsky Co delayed paying its suppliers.

Tsky Co Days Payable Historical Data

The historical data trend for Tsky 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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Tsky Co Days Payable Chart

Tsky Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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86.24

83.79

54.31

54.23

90.12

Tsky Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							108.98	73.45	49.91	92.59	77.63

Competitive Comparison of Tsky Co's Days Payable

For the Consumer Electronics subindustry, Tsky 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.

Tsky Co's Days Payable Distribution in the Hardware Industry

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

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

Tsky 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.

Tsky 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
=	( (55.956	+	53.283)	/	2 )	/	221.215	*	365
=	54.6195					/	221.215	*	365
=	90.12

Tsky 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
=	( (47.867	+	53.283)	/	2 )	/	118.892	*	365 / 2
=	50.575					/	118.892	*	365 / 2
=	77.63

Tsky Co Days Payable Related Terms

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Tsky Co (ROCO:6784) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tsky Co Ltd (ROCO:6784) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Floor-2, No.8, Ziqiang S. Road, Hsinchu County 302, Zhubei, TWN

Website

http://www.tsky.com.tw

Tsky Co Ltd is engaged in manufacturing of several wearable products. It offers GPS watches, GPS bands, and wearable devices used for golf, running and cycling. It also provides antenna including Wi-Fi, 3G, 4G and RF connectors among others.

Tsky Co (ROCO:6784) Headlines

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