Tech-Top Engineering Co (ROCO:6750) Days Payable : 112.00 (As of Dec. 2023)

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What is Tech-Top Engineering Co Days Payable?

Tech-Top Engineering Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$803 Mil. Tech-Top Engineering Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$1,308 Mil. Hence, Tech-Top Engineering Co's Days Payable for the six months ended in Dec. 2023 was 112.00.

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

ROCO:6750' s Days Payable Range Over the Past 10 Years
Min: 102.89 Med: 130.24 Max: 195.3
Current: 122.52

During the past 7 years, Tech-Top Engineering Co's highest Days Payable was 195.30. The lowest was 102.89. And the median was 130.24.

ROCO:6750's Days Payable is ranked better than
70.87% of 1603 companies
in the Construction industry
Industry Median: 74.72 vs ROCO:6750: 122.52

Tech-Top Engineering Co's Days Payable increased from Dec. 2022 (81.81) to Dec. 2023 (112.00). It may suggest that Tech-Top Engineering Co delayed paying its suppliers.

Tech-Top Engineering Co Days Payable Historical Data

The historical data trend for Tech-Top Engineering 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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Tech-Top Engineering Co Days Payable Chart

Tech-Top Engineering Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

195.30

130.24

102.89

107.92

126.33

Tech-Top Engineering Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								122.63	131.80	81.81	130.04	112.00

Competitive Comparison of Tech-Top Engineering Co's Days Payable

For the Engineering & Construction subindustry, Tech-Top Engineering 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.

Tech-Top Engineering Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tech-Top Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tech-Top Engineering Co's Days Payable falls into.

Tech-Top Engineering 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.

Tech-Top Engineering 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
=	( (915.78	+	817.499)	/	2 )	/	2503.964	*	365
=	866.6395					/	2503.964	*	365
=	126.33

Tech-Top Engineering Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (788.203	+	817.499)	/	2 )	/	1308.26	*	365 / 2
=	802.851					/	1308.26	*	365 / 2
=	112.00

Tech-Top Engineering Co Days Payable Related Terms

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Tech-Top Engineering Co (ROCO:6750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tech-Top Engineering Co Ltd (ROCO:6750) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 158 Jiankang Road, 10 Floor, Zhonghe District, Taipei, TWN

Website

http://www.tech-top-eng.com

Tech-Top Engineering Co Ltd is an engineering company that provides services for cleanroom setup, water, and electrical supply system, fire control system, air conditioning, and laboratory facility. The company also provides PV and BIPV design, planning and construction.

Tech-Top Engineering Co (ROCO:6750) Headlines

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