Solidwizard Technology Co (ROCO:8416) Days Payable : 55.10 (As of Dec. 2024)

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What is Solidwizard Technology Co Days Payable?

Solidwizard Technology Co's average Accounts Payable for the three months ended in Dec. 2024 was NT$159 Mil. Solidwizard Technology Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$264 Mil. Hence, Solidwizard Technology Co's Days Payable for the three months ended in Dec. 2024 was 55.10.

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

ROCO:8416' s Days Payable Range Over the Past 10 Years
Min: 59.43 Med: 75.35 Max: 102.74
Current: 79.69

During the past 13 years, Solidwizard Technology Co's highest Days Payable was 102.74. The lowest was 59.43. And the median was 75.35.

ROCO:8416's Days Payable is ranked better than
62.76% of 2551 companies
in the Software industry
Industry Median: 51.71 vs ROCO:8416: 79.69

Solidwizard Technology Co's Days Payable declined from Dec. 2023 (61.35) to Dec. 2024 (55.10). It may suggest that Solidwizard Technology Co accelerated paying its suppliers.

Solidwizard Technology Co Days Payable Historical Data

The historical data trend for Solidwizard Technology 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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Solidwizard Technology Co Days Payable Chart

Solidwizard Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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70.32

76.60

75.66

88.85

102.74

Solidwizard Technology Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															61.35	86.30	88.27	73.69	55.10

Competitive Comparison of Solidwizard Technology Co's Days Payable

For the Software - Application subindustry, Solidwizard Technology 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.

Solidwizard Technology Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Solidwizard Technology Co's Days Payable falls into.

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Solidwizard Technology 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.

Solidwizard Technology Co'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
=	( (212.25	+	224.624)	/	2 )	/	776.031	*	365
=	218.437					/	776.031	*	365
=	102.74

Solidwizard Technology Co'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
=	( (93.633	+	224.624)	/	2 )	/	263.514	*	365 / 4
=	159.1285					/	263.514	*	365 / 4
=	55.10

Solidwizard Technology Co Days Payable Related Terms

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Solidwizard Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Solidwizard Technology Co Ltd (ROCO:8416) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xing'ai Road, 5th Floor, No. 28, Lane 78, Neihu District, Taipei, TWN, 114

Website

http://www.swtc.com

Solidwizard Technology Co Ltd is a value-added reseller of solidWorks in Greater China. The company offers software, hardware and software solutions covering CAID, CAD, RP/RE, CAE, CAM, PDM. It also provides consultancy coaching and customized services.

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