Chang Jia M&E Engineering (ROCO:4550) Days Payable : 66.51 (As of Mar. 2024)

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What is Chang Jia M&E Engineering Days Payable?

Chang Jia M&E Engineering's average Accounts Payable for the three months ended in Mar. 2024 was NT$238 Mil. Chang Jia M&E Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$327 Mil. Hence, Chang Jia M&E Engineering's Days Payable for the three months ended in Mar. 2024 was 66.51.

The historical rank and industry rank for Chang Jia M&E Engineering's Days Payable or its related term are showing as below:

ROCO:4550' s Days Payable Range Over the Past 10 Years
Min: 62.87 Med: 122.99 Max: 175.9
Current: 62.87

During the past 13 years, Chang Jia M&E Engineering's highest Days Payable was 175.90. The lowest was 62.87. And the median was 122.99.

ROCO:4550's Days Payable is ranked worse than
59.35% of 1599 companies
in the Construction industry
Industry Median: 75.97 vs ROCO:4550: 62.87

Chang Jia M&E Engineering's Days Payable declined from Mar. 2023 (90.49) to Mar. 2024 (66.51). It may suggest that Chang Jia M&E Engineering accelerated paying its suppliers.

Chang Jia M&E Engineering Days Payable Historical Data

The historical data trend for Chang Jia M&E Engineering'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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Chang Jia M&E Engineering Days Payable Chart

Chang Jia M&E Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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175.90

147.26

128.33

132.42

65.05

Chang Jia M&E Engineering 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															90.49	90.66	47.47	50.05	66.51

Competitive Comparison of Chang Jia M&E Engineering's Days Payable

For the Engineering & Construction subindustry, Chang Jia M&E Engineering'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.

Chang Jia M&E Engineering's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chang Jia M&E Engineering's Days Payable distribution charts can be found below:

* The bar in red indicates where Chang Jia M&E Engineering's Days Payable falls into.

Chang Jia M&E Engineering 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.

Chang Jia M&E Engineering'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
=	( (362.758	+	224.085)	/	2 )	/	1646.4	*	365
=	293.4215					/	1646.4	*	365
=	65.05

Chang Jia M&E Engineering'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
=	( (224.085	+	251.881)	/	2 )	/	326.514	*	365 / 4
=	237.983					/	326.514	*	365 / 4
=	66.51

Chang Jia M&E Engineering Days Payable Related Terms

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Chang Jia M&E Engineering (ROCO:4550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chang Jia M&E Engineering Corp (ROCO:4550) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Number 1, Lane 10, Jihu Road, 8th Floor, Neihu District, Taipei, TWN, 114

Website

http://www.changjia.com.tw

Chang Jia M&E Engineering Corp is a Taiwan-based company involved in the field of electrical and mechanical engineering. It is centered on the construction of electrical, water, fire, monitoring, air conditioning, and clean room projects.

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