OK Biotech Co (TPE:4155) Days Payable : 56.40 (As of Sep. 2024)

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What is OK Biotech Co Days Payable?

OK Biotech Co's average Accounts Payable for the three months ended in Sep. 2024 was NT$266 Mil. OK Biotech Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$430 Mil. Hence, OK Biotech Co's Days Payable for the three months ended in Sep. 2024 was 56.40.

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

TPE:4155' s Days Payable Range Over the Past 10 Years
Min: 52.62 Med: 76 Max: 88.76
Current: 62.66

During the past 13 years, OK Biotech Co's highest Days Payable was 88.76. The lowest was 52.62. And the median was 76.00.

TPE:4155's Days Payable is ranked worse than
55.54% of 794 companies
in the Medical Devices & Instruments industry
Industry Median: 70.525 vs TPE:4155: 62.66

OK Biotech Co's Days Payable declined from Sep. 2023 (60.67) to Sep. 2024 (56.40). It may suggest that OK Biotech Co accelerated paying its suppliers.

OK Biotech Co Days Payable Historical Data

The historical data trend for OK Biotech 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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OK Biotech Co Days Payable Chart

OK Biotech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.02

66.60

75.30

77.44

81.38

OK Biotech Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															60.67	69.37	62.40	71.07	56.40

Competitive Comparison of OK Biotech Co's Days Payable

For the Medical Devices subindustry, OK Biotech 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.

OK Biotech Co's Days Payable Distribution in the Medical Devices & Instruments Industry

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

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

OK Biotech 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.

OK Biotech 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
=	( (244.614	+	199.108)	/	2 )	/	995.101	*	365
=	221.861					/	995.101	*	365
=	81.38

OK Biotech Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (301.784	+	230.165)	/	2 )	/	430.325	*	365 / 4
=	265.9745					/	430.325	*	365 / 4
=	56.40

OK Biotech Co Days Payable Related Terms

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OK Biotech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » OK Biotech Co Ltd (TPE:4155) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.91, Gongdao 5th Road, Section 2, Hsinchu, TWN, 30070

Website

https://www.okbiotech.com

OK Biotech Co Ltd is engaged in the manufacturing of electronic materials and medical equipment. The company's products include Portable Nebulizer, Blood Glucose Meter, Glucometer, Blood Sugar Meter, Blood Glucose Test Strips, and others. Geographically, the company generates a majority of its revenue from Asia (excluding Taiwan) followed by America, Africa, Europe, and Taiwan.

OK Biotech Co Headlines

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