Changing Information Technology (ROCO:8272) Days Payable : 49.19 (As of Dec. 2024)

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What is Changing Information Technology Days Payable?

Changing Information Technology's average Accounts Payable for the three months ended in Dec. 2024 was NT$16.1 Mil. Changing Information Technology's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$29.8 Mil. Hence, Changing Information Technology's Days Payable for the three months ended in Dec. 2024 was 49.19.

The historical rank and industry rank for Changing Information Technology's Days Payable or its related term are showing as below:

ROCO:8272' s Days Payable Range Over the Past 10 Years
Min: 32.32 Med: 50.94 Max: 71.9
Current: 53.62

During the past 6 years, Changing Information Technology's highest Days Payable was 71.90. The lowest was 32.32. And the median was 50.94.

ROCO:8272's Days Payable is ranked better than
51.51% of 2553 companies
in the Software industry
Industry Median: 51.07 vs ROCO:8272: 53.62

Changing Information Technology's Days Payable declined from Dec. 2023 (61.47) to Dec. 2024 (49.19). It may suggest that Changing Information Technology accelerated paying its suppliers.

Changing Information Technology Days Payable Historical Data

The historical data trend for Changing Information Technology'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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Changing Information Technology Days Payable Chart

Changing Information Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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49.23

50.94

32.32

57.90

71.90

Changing Information Technology Quarterly Data
	Dec19	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial							61.47	71.04	35.26	45.81	49.19

Competitive Comparison of Changing Information Technology's Days Payable

For the Software - Infrastructure subindustry, Changing Information Technology'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.

Changing Information Technology's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Changing Information Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Changing Information Technology's Days Payable falls into.

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Changing Information Technology 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.

Changing Information Technology's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (21.91	+	17.39)	/	2 )	/	99.76	*	365
=	19.65					/	99.76	*	365
=	71.90

Changing Information Technology's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (14.728	+	17.39)	/	2 )	/	29.788	*	365 / 4
=	16.059					/	29.788	*	365 / 4
=	49.19

Changing Information Technology Days Payable Related Terms

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Changing Information Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Changing Information Technology Inc (ROCO:8272) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, 48 Park Ave.2, Hsinchu Science Park, Hsinchu, TWN, 30844

Website

https://www.changingtec.com

Changing Information Technology Inc is a company focused on information security and identification authentication of users, transactions. The company's offerings include zero-trust digital authentication systems, Fintech security solutions, and digital transformation applications.

Changing Information Technology Headlines

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