Tricorntech (ROCO:6909) Days Payable : 32.13 (As of Jun. 2024)

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What is Tricorntech Days Payable?

Tricorntech's average Accounts Payable for the six months ended in Jun. 2024 was NT$11.2 Mil. Tricorntech's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$63.8 Mil. Hence, Tricorntech's Days Payable for the six months ended in Jun. 2024 was 32.13.

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

ROCO:6909' s Days Payable Range Over the Past 10 Years
Min: 25.62 Med: 29.31 Max: 37.95
Current: 28.37

During the past 5 years, Tricorntech's highest Days Payable was 37.95. The lowest was 25.62. And the median was 29.31.

ROCO:6909's Days Payable is ranked worse than
88.91% of 2930 companies
in the Industrial Products industry
Industry Median: 75.76 vs ROCO:6909: 28.37

Tricorntech's Days Payable declined from Jun. 2023 (53.34) to Jun. 2024 (32.13). It may suggest that Tricorntech accelerated paying its suppliers.

Tricorntech Days Payable Historical Data

The historical data trend for Tricorntech'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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Tricorntech Days Payable Chart

Tricorntech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

37.95

25.62

27.78

33.39

29.31

Tricorntech Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial				37.21	30.95	53.34	21.88	32.13

Competitive Comparison of Tricorntech's Days Payable

For the Specialty Industrial Machinery subindustry, Tricorntech'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.

Tricorntech's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tricorntech's Days Payable distribution charts can be found below:

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

Tricorntech 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.

Tricorntech'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
=	( (16.219	+	8.248)	/	2 )	/	152.356	*	365
=	12.2335					/	152.356	*	365
=	29.31

Tricorntech's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (8.248	+	14.219)	/	2 )	/	63.797	*	365 / 2
=	11.2335					/	63.797	*	365 / 2
=	32.13

Tricorntech Days Payable Related Terms

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Tricorntech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tricorntech Corp (ROCO:6909) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 866-8, Zhongzheng Road, 17th Floor, Zhonghe District, New Taipei City, TWN, 23586

Website

https://www.tricorntech.com

Tricorntech Corp Corp provides volatile organic compounds detection services. It offers rapid air quality analysis services from cleanrooms to metropolises. Its product offerings comprise Quality Assurance of Semiconductor processes, Groundwater & Soil contamination application, and ambient air monitoring.

Tricorntech Headlines

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