Radiant Innovation (ROCO:3373) Days Payable : 27.18 (As of Mar. 2024)

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What is Radiant Innovation Days Payable?

Radiant Innovation's average Accounts Payable for the three months ended in Mar. 2024 was NT$23.8 Mil. Radiant Innovation's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$79.7 Mil. Hence, Radiant Innovation's Days Payable for the three months ended in Mar. 2024 was 27.18.

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

ROCO:3373' s Days Payable Range Over the Past 10 Years
Min: 27.43 Med: 47.37 Max: 78.56
Current: 27.43

During the past 13 years, Radiant Innovation's highest Days Payable was 78.56. The lowest was 27.43. And the median was 47.37.

ROCO:3373's Days Payable is ranked worse than
87.09% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.585 vs ROCO:3373: 27.43

Radiant Innovation's Days Payable declined from Mar. 2023 (28.04) to Mar. 2024 (27.18). It may suggest that Radiant Innovation accelerated paying its suppliers.

Radiant Innovation Days Payable Historical Data

The historical data trend for Radiant Innovation'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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Radiant Innovation Days Payable Chart

Radiant Innovation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.21

41.23

78.56

38.64

28.30

Radiant Innovation 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															28.04	30.53	24.35	22.11	27.18

Competitive Comparison of Radiant Innovation's Days Payable

For the Medical Devices subindustry, Radiant Innovation'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.

Radiant Innovation's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Radiant Innovation's Days Payable falls into.

Radiant Innovation 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.

Radiant Innovation'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
=	( (34.625	+	20.868)	/	2 )	/	357.802	*	365
=	27.7465					/	357.802	*	365
=	28.30

Radiant Innovation'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
=	( (20.868	+	26.641)	/	2 )	/	79.744	*	365 / 4
=	23.7545					/	79.744	*	365 / 4
=	27.18

Radiant Innovation Days Payable Related Terms

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Radiant Innovation (ROCO:3373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Radiant Innovation Inc (ROCO:3373) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1F, No. 3, Industrial East 9th Rd, Science-Based Industrial Park, HsinChu, TWN, 300

Website

http://www.radiantek.com.tw

Radiant Innovation Inc is engaged in the manufacture and distribution of medical instruments in Taiwan. It provides infrared ear thermometers, multi-function thermometers, infrared forehead thermometers as well as carbon dioxide detectors.

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