Rossmax International (ROCO:4121) Days Payable : 87.48 (As of Mar. 2024)

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What is Rossmax International Days Payable?

Rossmax International's average Accounts Payable for the three months ended in Mar. 2024 was NT$577 Mil. Rossmax International's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$602 Mil. Hence, Rossmax International's Days Payable for the three months ended in Mar. 2024 was 87.48.

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

ROCO:4121' s Days Payable Range Over the Past 10 Years
Min: 48.71 Med: 54.91 Max: 81.91
Current: 80.73

During the past 13 years, Rossmax International's highest Days Payable was 81.91. The lowest was 48.71. And the median was 54.91.

ROCO:4121's Days Payable is ranked better than
54.45% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs ROCO:4121: 80.73

Rossmax International's Days Payable increased from Mar. 2023 (84.15) to Mar. 2024 (87.48). It may suggest that Rossmax International delayed paying its suppliers.

Rossmax International Days Payable Historical Data

The historical data trend for Rossmax International'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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Rossmax International Days Payable Chart

Rossmax International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.89

54.94

64.39

70.00

81.91

Rossmax International 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															84.15	74.27	78.40	82.85	87.48

Competitive Comparison of Rossmax International's Days Payable

For the Medical Devices subindustry, Rossmax International'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.

Rossmax International's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Rossmax International's Days Payable falls into.

Rossmax International 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.

Rossmax International'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
=	( (557.269	+	581.063)	/	2 )	/	2536.2	*	365
=	569.166					/	2536.2	*	365
=	81.91

Rossmax International'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
=	( (581.063	+	572.64)	/	2 )	/	601.735	*	365 / 4
=	576.8515					/	601.735	*	365 / 4
=	87.48

Rossmax International Days Payable Related Terms

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Rossmax International (ROCO:4121) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Rossmax International Ltd (ROCO:4121) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12F, No. 189, Kang Chien Road, Taipei, TWN, 114

Website

https://www.rossmax.com

Rossmax International Ltd is mainly engaged in medical equipment manufacturing, wholesale or retail, and medical and cosmetic channels.

Rossmax International (ROCO:4121) Headlines

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