ION Electronic Materials Co (ROCO:6959) Days Payable : 50.87 (As of Dec. 2023)

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What is ION Electronic Materials Co Days Payable?

ION Electronic Materials Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$49.8 Mil. ION Electronic Materials Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$178.8 Mil. Hence, ION Electronic Materials Co's Days Payable for the six months ended in Dec. 2023 was 50.87.

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

ROCO:6959' s Days Payable Range Over the Past 10 Years
Min: 27.14 Med: 45.83 Max: 60.92
Current: 60.63

During the past 5 years, ION Electronic Materials Co's highest Days Payable was 60.92. The lowest was 27.14. And the median was 45.83.

ROCO:6959's Days Payable is ranked worse than
50.23% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs ROCO:6959: 60.63

ION Electronic Materials Co's Days Payable increased from Dec. 2022 (27.10) to Dec. 2023 (50.87). It may suggest that ION Electronic Materials Co delayed paying its suppliers.

ION Electronic Materials Co Days Payable Historical Data

The historical data trend for ION Electronic Materials 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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ION Electronic Materials Co Days Payable Chart

ION Electronic Materials Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

27.14

53.38

38.27

60.92

ION Electronic Materials Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	60.98	27.10	70.46	50.87

Competitive Comparison of ION Electronic Materials Co's Days Payable

For the Specialty Chemicals subindustry, ION Electronic Materials 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.

ION Electronic Materials Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, ION Electronic Materials Co's Days Payable distribution charts can be found below:

* The bar in red indicates where ION Electronic Materials Co's Days Payable falls into.

ION Electronic Materials 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.

ION Electronic Materials 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
=	( (75.534	+	41.828)	/	2 )	/	351.595	*	365
=	58.681					/	351.595	*	365
=	60.92

ION Electronic Materials 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
=	( (57.862	+	41.828)	/	2 )	/	178.836	*	365 / 2
=	49.845					/	178.836	*	365 / 2
=	50.87

ION Electronic Materials Co Days Payable Related Terms

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ION Electronic Materials Co (ROCO:6959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ION Electronic Materials Co Ltd (ROCO:6959) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 195, Xiangxi Road, Hukou Township, Hsinchu, TWN, 303103

Website

https://www.iemc.co/tw

ION Electronic Materials Co Ltd focuses on special materials for the electronics industry and provides local services, With development capabilities and multi-national patents, it looks forward to contributing to Taiwan's technology industry. Its main products are advanced semiconductor materials. It has negative pressure steel cylinder production technology and localized production advantages. It has passed ISO 9001 certification and is a supplier partner of major semiconductor factories.

ION Electronic Materials Co (ROCO:6959) Headlines

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