Honor Seiki Co (ROCO:7709) Days Payable : 43.13 (As of Jun. 2024)

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What is Honor Seiki Co Days Payable?

Honor Seiki Co's average Accounts Payable for the three months ended in Jun. 2024 was NT$217 Mil. Honor Seiki Co's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$459 Mil. Hence, Honor Seiki Co's Days Payable for the three months ended in Jun. 2024 was 43.13.

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

ROCO:7709' s Days Payable Range Over the Past 10 Years
Min: 64.43 Med: 82.26 Max: 125.65
Current: 89.85

During the past 4 years, Honor Seiki Co's highest Days Payable was 125.65. The lowest was 64.43. And the median was 82.26.

ROCO:7709's Days Payable is ranked better than
58.05% of 2927 companies
in the Industrial Products industry
Industry Median: 76.17 vs ROCO:7709: 89.85

Honor Seiki Co's Days Payable declined from Jun. 2022 (69.00) to Jun. 2024 (43.13). It may suggest that Honor Seiki Co accelerated paying its suppliers.

Honor Seiki Co Days Payable Historical Data

The historical data trend for Honor Seiki 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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Honor Seiki Co Days Payable Chart

Honor Seiki Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

71.70

64.43

125.65

92.81

Honor Seiki Co Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			69.00	58.77	49.31	45.86	43.13

Competitive Comparison of Honor Seiki Co's Days Payable

For the Specialty Industrial Machinery subindustry, Honor Seiki 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.

Honor Seiki Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Honor Seiki Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Honor Seiki Co's Days Payable falls into.

Honor Seiki 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.

Honor Seiki 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
=	( (292.163	+	228.08)	/	2 )	/	1023.051	*	365
=	260.1215					/	1023.051	*	365
=	92.81

Honor Seiki 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
=	( (228.08	+	205.887)	/	2 )	/	459.066	*	365 / 4
=	216.9835					/	459.066	*	365 / 4
=	43.13

Honor Seiki Co Days Payable Related Terms

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Honor Seiki Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Honor Seiki Co Ltd (ROCO:7709) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chung-shan Road , No. 6, Section 2, Hu-nei District, Kaohsiung, TWN

Website

https://www.honorseiki.com

Honor Seiki Co Ltd is a machine tool providing company working in the fields of CNC Vertical Lathe and Turnkey solutions in Taiwan. They mainly focus on the production of Vertical lathes and their main product offerings are CNC Vertical Lathe, CNC Vertical Turning Center and CNC Vertical Grinding Machine, CNC Planar Turning/Milling/Grinding Center, CNC Special Purpose Machines.

Honor Seiki Co Headlines

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