Texture Maker Enterprise Co (ROCO:6963) Days Payable : 33.89 (As of Dec. 2023)

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What is Texture Maker Enterprise Co Days Payable?

Texture Maker Enterprise Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$61.9 Mil. Texture Maker Enterprise Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$333.4 Mil. Hence, Texture Maker Enterprise Co's Days Payable for the six months ended in Dec. 2023 was 33.89.

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

ROCO:6963' s Days Payable Range Over the Past 10 Years
Min: 30.05 Med: 35.88 Max: 39.93
Current: 39.93

During the past 4 years, Texture Maker Enterprise Co's highest Days Payable was 39.93. The lowest was 30.05. And the median was 35.88.

ROCO:6963's Days Payable is ranked worse than
58.03% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 46.07 vs ROCO:6963: 39.93

Texture Maker Enterprise Co's Days Payable declined from Dec. 2022 (48.69) to Dec. 2023 (33.89). It may suggest that Texture Maker Enterprise Co accelerated paying its suppliers.

Texture Maker Enterprise Co Days Payable Historical Data

The historical data trend for Texture Maker Enterprise 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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Texture Maker Enterprise Co Days Payable Chart

Texture Maker Enterprise Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

30.05

37.45

35.88

Texture Maker Enterprise Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	-	26.64	48.69	50.50	33.89

Competitive Comparison of Texture Maker Enterprise Co's Days Payable

For the Packaged Foods subindustry, Texture Maker Enterprise 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.

Texture Maker Enterprise Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Texture Maker Enterprise Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Texture Maker Enterprise Co's Days Payable falls into.

Texture Maker Enterprise 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.

Texture Maker Enterprise 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
=	( (88.707	+	38.609)	/	2 )	/	647.628	*	365
=	63.658					/	647.628	*	365
=	35.88

Texture Maker Enterprise 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
=	( (85.206	+	38.609)	/	2 )	/	333.391	*	365 / 2
=	61.9075					/	333.391	*	365 / 2
=	33.89

Texture Maker Enterprise Co Days Payable Related Terms

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Texture Maker Enterprise Co (ROCO:6963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Texture Maker Enterprise Co Ltd (ROCO:6963) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng E. Road, 28F., No.27-8, Sec. 2, Tamsui District, New Taipei City, TWN, 251

Website

https://www.texturemaker.com.tw

Texture Maker Enterprise Co Ltd is a is a food ingredient R&D center and also a premix manufacturer. It is engaged in developing innovative food textures and includes three categories Bakery, Beverage, and food texture. Its bakery products include Mochi bread mix, Mojo Mix, Purple yam bread mix, etc. Beverage products include vegan non-dairy creamer, Non-dairy creamer, Banana beverage powder, etc. Food texture products include Korean-style dipping sauce, Japanese-style fried chicken mix, Fried seafood coating mix etc.

Texture Maker Enterprise Co (ROCO:6963) Headlines

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