Polygreen Resources Co (ROCO:8423) Days Payable : 16.47 (As of Mar. 2024)

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What is Polygreen Resources Co Days Payable?

Polygreen Resources Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$11.1 Mil. Polygreen Resources Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$61.7 Mil. Hence, Polygreen Resources Co's Days Payable for the three months ended in Mar. 2024 was 16.47.

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

ROCO:8423' s Days Payable Range Over the Past 10 Years
Min: 16.55 Med: 20.92 Max: 23.86
Current: 18.57

During the past 13 years, Polygreen Resources Co's highest Days Payable was 23.86. The lowest was 16.55. And the median was 20.92.

ROCO:8423's Days Payable is ranked worse than
92.81% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 66.61 vs ROCO:8423: 18.57

Polygreen Resources Co's Days Payable declined from Mar. 2023 (20.47) to Mar. 2024 (16.47). It may suggest that Polygreen Resources Co accelerated paying its suppliers.

Polygreen Resources Co Days Payable Historical Data

The historical data trend for Polygreen Resources 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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Polygreen Resources Co Days Payable Chart

Polygreen Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

19.86

23.54

22.16

18.26

16.55

Polygreen Resources Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															20.47	18.71	20.76	18.32	16.47

Competitive Comparison of Polygreen Resources Co's Days Payable

For the Auto Parts subindustry, Polygreen Resources 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.

Polygreen Resources Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Polygreen Resources Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Polygreen Resources Co's Days Payable falls into.

Polygreen Resources 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.

Polygreen Resources 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
=	( (11.9	+	9.987)	/	2 )	/	241.358	*	365
=	10.9435					/	241.358	*	365
=	16.55

Polygreen Resources Co'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
=	( (9.987	+	12.301)	/	2 )	/	61.728	*	365 / 4
=	11.144					/	61.728	*	365 / 4
=	16.47

Polygreen Resources Co Days Payable Related Terms

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Polygreen Resources Co (ROCO:8423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polygreen Resources Co Ltd (ROCO:8423) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Sound Road, Cannon Place, P.O. Box 712, Suite 102, Grand Cayman, CYM, KY1 9006

Website

http://www.pgr.com.tw

Polygreen Resources Co Ltd is engaged in the rubber recycling business, offering its products to manufacturers of the tire and conveyor belt industries. The company manufactures premium-quality reclaimed rubber, crumb rubber, and rubber granule. Its products include TYREC-Tyrec Reclaimed Rubber, BUREC-Butyl Reclaimed Rubber, NAREC-Natural Inner Tube Reclaimed Rubber, RUBBER GRANULE, and T-MESH-Crumb Rubber. It has one operating segment which focuses on the manufacturing and sales of reclaimed rubber. The company operates in Malaysia, Japan, Indonesia, Vietnam, Taiwan, and other countries, of which key revenue is derived from Malaysia.

Polygreen Resources Co (ROCO:8423) Headlines

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