Progate Group (ROCO:8227) Days Payable : 42.90 (As of Mar. 2024)

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What is Progate Group Days Payable?

Progate Group's average Accounts Payable for the three months ended in Mar. 2024 was NT$59 Mil. Progate Group's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$125 Mil. Hence, Progate Group's Days Payable for the three months ended in Mar. 2024 was 42.90.

The historical rank and industry rank for Progate Group's Days Payable or its related term are showing as below:

ROCO:8227' s Days Payable Range Over the Past 10 Years
Min: 23.71 Med: 38.65 Max: 79.83
Current: 23.71

During the past 10 years, Progate Group's highest Days Payable was 79.83. The lowest was 23.71. And the median was 38.65.

ROCO:8227's Days Payable is ranked worse than
84.02% of 964 companies
in the Semiconductors industry
Industry Median: 51.69 vs ROCO:8227: 23.71

Progate Group's Days Payable declined from Mar. 2023 (44.04) to Mar. 2024 (42.90). It may suggest that Progate Group accelerated paying its suppliers.

Progate Group Days Payable Historical Data

The historical data trend for Progate Group'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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Progate Group Days Payable Chart

Progate Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.64

36.09

33.39

26.45

32.50

Progate Group Quarterly Data
	Dec12	Jun13	Dec13	Jun14	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															44.04	25.11	17.15	18.67	42.90

Competitive Comparison of Progate Group's Days Payable

For the Semiconductors subindustry, Progate Group'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.

Progate Group's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Progate Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Progate Group's Days Payable falls into.

Progate Group 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.

Progate Group'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
=	( (59.386	+	79.808)	/	2 )	/	781.612	*	365
=	69.597					/	781.612	*	365
=	32.50

Progate Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (79.808	+	37.957)	/	2 )	/	125.258	*	365 / 4
=	58.8825					/	125.258	*	365 / 4
=	42.90

Progate Group Days Payable Related Terms

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Progate Group (ROCO:8227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Progate Group Corp (ROCO:8227) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8thFL., No.88, Sec.1, Neihu Road, Taipei, TWN, 114

Website

http://www.pgc.com.tw

Progate Group Corp. develops & manufactures application specific integrated circuits. It offers IP designs, SIP turnkey design, SOC advance design flow, Lower power design solutions, MPW shuttle bus service, Platform, SiP Design Turnkey & others.

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