St Shine Optical Co (St Shine Optical Co) Days Payable : 6.34 (As of Mar. 2024)

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What is St Shine Optical Co Days Payable?

St Shine Optical Co's average Accounts Payable for the three months ended in Mar. 2024 was $1.83 Mil. St Shine Optical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $26.37 Mil. Hence, St Shine Optical Co's Days Payable for the three months ended in Mar. 2024 was 6.34.

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

STSHF' s Days Payable Range Over the Past 10 Years
Min: 6.12 Med: 7.28 Max: 9.39
Current: 6.01

During the past 13 years, St Shine Optical Co's highest Days Payable was 9.39. The lowest was 6.12. And the median was 7.28.

STSHF's Days Payable is ranked worse than
99.49% of 784 companies
in the Medical Devices & Instruments industry
Industry Median: 72.505 vs STSHF: 6.01

St Shine Optical Co's Days Payable declined from Mar. 2023 (7.60) to Mar. 2024 (6.34). It may suggest that St Shine Optical Co accelerated paying its suppliers.

St Shine Optical Co Days Payable Historical Data

The historical data trend for St Shine Optical 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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St Shine Optical Co Days Payable Chart

St Shine Optical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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7.35

8.23

9.32

9.37

6.21

St Shine Optical 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															7.60	6.76	4.66	4.97	6.34

Competitive Comparison of St Shine Optical Co's Days Payable

For the Medical Instruments & Supplies subindustry, St Shine Optical 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.

St Shine Optical Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, St Shine Optical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where St Shine Optical Co's Days Payable falls into.

St Shine Optical 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.

St Shine Optical 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
=	( (2.006	+	1.715)	/	2 )	/	109.392	*	365
=	1.8605					/	109.392	*	365
=	6.21

St Shine Optical 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
=	( (1.715	+	1.949)	/	2 )	/	26.367	*	365 / 4
=	1.832					/	26.367	*	365 / 4
=	6.34

St Shine Optical Co Days Payable Related Terms

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St Shine Optical Co (St Shine Optical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » St Shine Optical Co Ltd (GREY:STSHF) » Definitions » Days Payable

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Traded in Other Exchanges

1565:Taiwan

Address

Ta Tung Road, 5th Floor, No.276, Section 1, Hsi Chih District, New Taipei, TWN, 22146

Website

https://www.stshine.com.tw

St Shine Optical Co Ltd is a contact lens manufacturer and one of the largest suppliers of contact lenses in Taiwan. The company primarily sells soft contact lenses, including daily disposable, frequent replacement spherical, frequent replacement toric, colored, and silicone hydrogel lenses. Its frequent replacement portfolio includes weekly, monthly, and quarterly replacement lenses with a range of water contents. St Shine manufactures its lenses with a cast-molding technology developed in-house and uses a computerized lathe cut system to manufacture progressive multifocal lenses used to correct presbyopia. It operates in two segments: Cast molding lenses and Others.

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