HCmed Innovations Co (ROCO:6934) Days Payable : 4.71 (As of Jun. 2024)

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What is HCmed Innovations Co Days Payable?

HCmed Innovations Co's average Accounts Payable for the six months ended in Jun. 2024 was NT$0.58 Mil. HCmed Innovations Co's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$22.60 Mil. Hence, HCmed Innovations Co's Days Payable for the six months ended in Jun. 2024 was 4.71.

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

ROCO:6934' s Days Payable Range Over the Past 10 Years
Min: 0.02 Med: 6.08 Max: 10.11
Current: 6.3

During the past 3 years, HCmed Innovations Co's highest Days Payable was 10.11. The lowest was 0.02. And the median was 6.08.

ROCO:6934's Days Payable is ranked worse than
99.37% of 791 companies
in the Medical Devices & Instruments industry
Industry Median: 69.21 vs ROCO:6934: 6.30

HCmed Innovations Co's Days Payable declined from Jun. 2023 (12.86) to Jun. 2024 (4.71). It may suggest that HCmed Innovations Co accelerated paying its suppliers.

HCmed Innovations Co Days Payable Historical Data

The historical data trend for HCmed Innovations 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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HCmed Innovations Co Days Payable Chart

HCmed Innovations Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

0.02

6.08

10.11

HCmed Innovations Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			0.01	9.38	12.86	8.13	4.71

Competitive Comparison of HCmed Innovations Co's Days Payable

For the Medical Devices subindustry, HCmed Innovations 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.

HCmed Innovations Co's Days Payable Distribution in the Medical Devices & Instruments Industry

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

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

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HCmed Innovations 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.

HCmed Innovations 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
=	( (1.24	+	0.72)	/	2 )	/	35.383	*	365
=	0.98					/	35.383	*	365
=	10.11

HCmed Innovations Co'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
=	( (0.72	+	0.446)	/	2 )	/	22.599	*	365 / 2
=	0.583					/	22.599	*	365 / 2
=	4.71

HCmed Innovations Co Days Payable Related Terms

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HCmed Innovations Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » HCmed Innovations Co Ltd (ROCO:6934) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dunhua S. Road, Rm.B, 10th floor., No.319, Sec.2, Taipei, TWN, 106033

Website

https://www.hcmed-inno.com

HCmed Innovations Co Ltd is focused on inhalation therapy to create integrated drug nebulizer combination products featuring nebulization therapeutic drugs that include small molecule synthetics and large molecule biologics, as either solutions, suspensions, and even difficult-to-deliver high viscosity drugs. Its product include Pulmogine and AdheResp.

HCmed Innovations Co Headlines

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