Argosy Research (ROCO:3217) Days Payable : 37.39 (As of Mar. 2024)

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What is Argosy Research Days Payable?

Argosy Research's average Accounts Payable for the three months ended in Mar. 2024 was NT$151 Mil. Argosy Research's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$369 Mil. Hence, Argosy Research's Days Payable for the three months ended in Mar. 2024 was 37.39.

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

ROCO:3217' s Days Payable Range Over the Past 10 Years
Min: 35.38 Med: 51.34 Max: 57.64
Current: 35.38

During the past 13 years, Argosy Research's highest Days Payable was 57.64. The lowest was 35.38. And the median was 51.34.

ROCO:3217's Days Payable is ranked worse than
83.29% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs ROCO:3217: 35.38

Argosy Research's Days Payable increased from Mar. 2023 (34.49) to Mar. 2024 (37.39). It may suggest that Argosy Research delayed paying its suppliers.

Argosy Research Days Payable Historical Data

The historical data trend for Argosy Research'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.

* Premium members only.

Argosy Research Days Payable Chart

Argosy Research Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.45

53.35

42.38

40.33

35.86

Argosy Research 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															34.49	30.21	36.99	45.45	37.39

Competitive Comparison of Argosy Research's Days Payable

For the Computer Hardware subindustry, Argosy Research'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.

Argosy Research's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Argosy Research's Days Payable distribution charts can be found below:

* The bar in red indicates where Argosy Research's Days Payable falls into.

Argosy Research 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.

Argosy Research'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
=	( (132.789	+	182.072)	/	2 )	/	1602.197	*	365
=	157.4305					/	1602.197	*	365
=	35.86

Argosy Research'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
=	( (182.072	+	119.941)	/	2 )	/	368.507	*	365 / 4
=	151.0065					/	368.507	*	365 / 4
=	37.39

Argosy Research Days Payable Related Terms

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Argosy Research (ROCO:3217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Argosy Research Inc (ROCO:3217) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15-3, Neo Pu South Road, Hsinchu, TWN

Website

https://www.argosy.tw

Argosy Research Inc designs & manufactures storage & mobile technology products. Its products include media players, external hard disks, external optical devices, NB interface cards, and surveillance products & connectors.

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