Sheh Fung Screws Co (ROCO:2065) Days Payable : 11.13 (As of Mar. 2024)

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What is Sheh Fung Screws Co Days Payable?

Sheh Fung Screws Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$58 Mil. Sheh Fung Screws Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$472 Mil. Hence, Sheh Fung Screws Co's Days Payable for the three months ended in Mar. 2024 was 11.13.

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

ROCO:2065' s Days Payable Range Over the Past 10 Years
Min: 4.12 Med: 5.95 Max: 9.34
Current: 9.34

During the past 13 years, Sheh Fung Screws Co's highest Days Payable was 9.34. The lowest was 4.12. And the median was 5.95.

ROCO:2065's Days Payable is ranked worse than
98.74% of 2934 companies
in the Industrial Products industry
Industry Median: 76.49 vs ROCO:2065: 9.34

Sheh Fung Screws Co's Days Payable increased from Mar. 2023 (6.86) to Mar. 2024 (11.13). It may suggest that Sheh Fung Screws Co delayed paying its suppliers.

Sheh Fung Screws Co Days Payable Historical Data

The historical data trend for Sheh Fung Screws 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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Sheh Fung Screws Co Days Payable Chart

Sheh Fung Screws Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4.12

5.02

6.03

5.86

7.24

Sheh Fung Screws 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															6.86	8.06	6.99	7.74	11.13

Competitive Comparison of Sheh Fung Screws Co's Days Payable

For the Tools & Accessories subindustry, Sheh Fung Screws 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.

Sheh Fung Screws Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Sheh Fung Screws Co's Days Payable falls into.

Sheh Fung Screws 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.

Sheh Fung Screws 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
=	( (27.42	+	45.142)	/	2 )	/	1828.338	*	365
=	36.281					/	1828.338	*	365
=	7.24

Sheh Fung Screws 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
=	( (45.142	+	70.017)	/	2 )	/	472.067	*	365 / 4
=	57.5795					/	472.067	*	365 / 4
=	11.13

Sheh Fung Screws Co Days Payable Related Terms

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Sheh Fung Screws Co (ROCO:2065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sheh Fung Screws Co Ltd (ROCO:2065) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

810, Fusing West Road, Ciaotou District, Kaohsiung City, Tingyen, TWN, 825

Website

http://www.shehfung.com

Sheh Fung Screws Co Ltd is a Taiwan based company engaged in the manufacturing of a range of screws for different functions. Its products include drywall screws, chipboard screws, self-drilling screws, self-tapping screws, decking screws, self-piercing screws and others.

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