Kinik Co (TPE:1560) Days Payable : 35.68 (As of Mar. 2024)

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What is Kinik Co Days Payable?

Kinik Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$422 Mil. Kinik Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,079 Mil. Hence, Kinik Co's Days Payable for the three months ended in Mar. 2024 was 35.68.

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

TPE:1560' s Days Payable Range Over the Past 10 Years
Min: 15.46 Med: 21.28 Max: 32.75
Current: 32.75

During the past 13 years, Kinik Co's highest Days Payable was 32.75. The lowest was 15.46. And the median was 21.28.

TPE:1560's Days Payable is ranked worse than
86.99% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs TPE:1560: 32.75

Kinik Co's Days Payable increased from Mar. 2023 (22.85) to Mar. 2024 (35.68). It may suggest that Kinik Co delayed paying its suppliers.

Kinik Co Days Payable Historical Data

The historical data trend for Kinik 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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Kinik Co Days Payable Chart

Kinik Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.83

21.57

21.09

22.64

28.30

Kinik 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															22.85	28.07	34.53	35.73	35.68

Competitive Comparison of Kinik Co's Days Payable

For the Specialty Industrial Machinery subindustry, Kinik 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.

Kinik Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kinik Co's Days Payable distribution charts can be found below:

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

Kinik 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.

Kinik 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
=	( (284.091	+	404.227)	/	2 )	/	4438.673	*	365
=	344.159					/	4438.673	*	365
=	28.30

Kinik 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
=	( (404.227	+	439.462)	/	2 )	/	1078.936	*	365 / 4
=	421.8445					/	1078.936	*	365 / 4
=	35.68

Kinik Co Days Payable Related Terms

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Kinik Co (TPE:1560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kinik Co (TPE:1560) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10, Yenping South Road, Taipei, TWN, 10043

Website

https://www.kinik.com

Kinik is a Taiwan-based company that primarily manufactures and distributes grinding wheels, diamond tools, and reclaimed wafers. The company's products fall into three categories. The traditional product type comprises a wide range of grinding wheels used in machinery components, steelmaking, modules, semiconductor, glass manufacturing, and others. The diamond tool category comprises various blade products, cutters, diamond dressers, and other products, which are used in stone processing and semiconductor dressing applications. The wafer product category primarily consists of wafers resourced from monitor wafters and dummy wafers. Wafer reclamation helps lower costs of factory. Kinik generates the majority of its revenue from the Taiwan domestic market.

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