Qingsong Health Co (ROCO:6931) Days Payable : 7.14 (As of Dec. 2023)

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What is Qingsong Health Co Days Payable?

Qingsong Health Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$15.3 Mil. Qingsong Health Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$392.1 Mil. Hence, Qingsong Health Co's Days Payable for the six months ended in Dec. 2023 was 7.14.

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

ROCO:6931' s Days Payable Range Over the Past 10 Years
Min: 6.68 Med: 10.55 Max: 37.5
Current: 6.68

During the past 5 years, Qingsong Health Co's highest Days Payable was 37.50. The lowest was 6.68. And the median was 10.55.

ROCO:6931's Days Payable is ranked worse than
94.97% of 596 companies
in the Healthcare Providers & Services industry
Industry Median: 63.31 vs ROCO:6931: 6.68

Qingsong Health Co's Days Payable increased from Dec. 2022 (5.97) to Dec. 2023 (7.14). It may suggest that Qingsong Health Co delayed paying its suppliers.

Qingsong Health Co Days Payable Historical Data

The historical data trend for Qingsong Health 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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Qingsong Health Co Days Payable Chart

Qingsong Health Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

37.50

15.16

10.55

7.20

6.72

Qingsong Health Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			11.25	8.64	5.97	6.13	7.14

Competitive Comparison of Qingsong Health Co's Days Payable

For the Medical Care Facilities subindustry, Qingsong Health 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.

Qingsong Health Co's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Qingsong Health Co's Days Payable distribution charts can be found below:

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

Qingsong Health 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.

Qingsong Health 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
=	( (10.678	+	17.081)	/	2 )	/	753.647	*	365
=	13.8795					/	753.647	*	365
=	6.72

Qingsong Health 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
=	( (13.596	+	17.081)	/	2 )	/	392.11	*	365 / 2
=	15.3385					/	392.11	*	365 / 2
=	7.14

Qingsong Health Co Days Payable Related Terms

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Qingsong Health Co (ROCO:6931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Qingsong Health Co Ltd (ROCO:6931) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 219, Section 3, Zhongtou West Road, Dali District, Taichung, TWN

Website

https://www.qingsong.com.tw

Qingsong Health Co Ltd is an elderly parental care organization. It provides a variety of care solutions from home to institutions to protect families, creates a livable living environment and provides warm care services, so that the elders can spend their old age with smiles and satisfaction in their silver-haired years.

Qingsong Health Co (ROCO:6931) Headlines

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