Prince Pharmaceutical Co (ROCO:6935) Days Payable : 43.75 (As of Dec. 2023)

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What is Prince Pharmaceutical Co Days Payable?

Prince Pharmaceutical Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$74.9 Mil. Prince Pharmaceutical Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$312.5 Mil. Hence, Prince Pharmaceutical Co's Days Payable for the six months ended in Dec. 2023 was 43.75.

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

ROCO:6935' s Days Payable Range Over the Past 10 Years
Min: 41.59 Med: 62.41 Max: 66.88
Current: 41.59

During the past 5 years, Prince Pharmaceutical Co's highest Days Payable was 66.88. The lowest was 41.59. And the median was 62.41.

ROCO:6935's Days Payable is ranked worse than
81.05% of 971 companies
in the Drug Manufacturers industry
Industry Median: 88.69 vs ROCO:6935: 41.59

Prince Pharmaceutical Co's Days Payable declined from Dec. 2022 (52.86) to Dec. 2023 (43.75). It may suggest that Prince Pharmaceutical Co accelerated paying its suppliers.

Prince Pharmaceutical Co Days Payable Historical Data

The historical data trend for Prince Pharmaceutical 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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Prince Pharmaceutical Co Days Payable Chart

Prince Pharmaceutical Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

66.88

64.25

62.41

44.59

42.63

Prince Pharmaceutical Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			73.40	55.95	52.86	38.17	43.75

Competitive Comparison of Prince Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Prince Pharmaceutical 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.

Prince Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Prince Pharmaceutical Co's Days Payable distribution charts can be found below:

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

Prince Pharmaceutical 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.

Prince Pharmaceutical 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
=	( (55.366	+	84.832)	/	2 )	/	600.234	*	365
=	70.099					/	600.234	*	365
=	42.63

Prince Pharmaceutical 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
=	( (64.998	+	84.832)	/	2 )	/	312.521	*	365 / 2
=	74.915					/	312.521	*	365 / 2
=	43.75

Prince Pharmaceutical Co Days Payable Related Terms

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Prince Pharmaceutical Co (ROCO:6935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Prince Pharmaceutical Co Ltd (ROCO:6935) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 168, Keyunnan Road, Huwei Town, Yunlin, TWN, 632

Website

https://www.prince-pharm.com.tw

Prince Pharmaceutical Co Ltd is engaged in the manufacturing, packaging, processing, and trading of various active pharmaceutical ingredients and health supplements. The company supplies its products to Taiwan, Japan, Spain, Europe, and other regions.

Prince Pharmaceutical Co (ROCO:6935) Headlines

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