Hsin-Li Chemical Industrial (ROCO:4303) Days Payable : 24.93 (As of Mar. 2024)

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What is Hsin-Li Chemical Industrial Days Payable?

Hsin-Li Chemical Industrial's average Accounts Payable for the three months ended in Mar. 2024 was NT$13.3 Mil. Hsin-Li Chemical Industrial's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$48.7 Mil. Hence, Hsin-Li Chemical Industrial's Days Payable for the three months ended in Mar. 2024 was 24.93.

The historical rank and industry rank for Hsin-Li Chemical Industrial's Days Payable or its related term are showing as below:

ROCO:4303' s Days Payable Range Over the Past 10 Years
Min: 13.19 Med: 17.95 Max: 36.57
Current: 27.69

During the past 13 years, Hsin-Li Chemical Industrial's highest Days Payable was 36.57. The lowest was 13.19. And the median was 17.95.

ROCO:4303's Days Payable is ranked worse than
77.77% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs ROCO:4303: 27.69

Hsin-Li Chemical Industrial's Days Payable declined from Mar. 2023 (29.14) to Mar. 2024 (24.93). It may suggest that Hsin-Li Chemical Industrial accelerated paying its suppliers.

Hsin-Li Chemical Industrial Days Payable Historical Data

The historical data trend for Hsin-Li Chemical Industrial'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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Hsin-Li Chemical Industrial Days Payable Chart

Hsin-Li Chemical Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

14.74

17.38

22.74

27.86

36.57

Hsin-Li Chemical Industrial 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															29.14	26.38	24.12	32.57	24.93

Competitive Comparison of Hsin-Li Chemical Industrial's Days Payable

For the Footwear & Accessories subindustry, Hsin-Li Chemical Industrial'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.

Hsin-Li Chemical Industrial's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hsin-Li Chemical Industrial's Days Payable distribution charts can be found below:

* The bar in red indicates where Hsin-Li Chemical Industrial's Days Payable falls into.

Hsin-Li Chemical Industrial 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.

Hsin-Li Chemical Industrial'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
=	( (18.002	+	12.578)	/	2 )	/	152.605	*	365
=	15.29					/	152.605	*	365
=	36.57

Hsin-Li Chemical Industrial'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
=	( (12.578	+	14.021)	/	2 )	/	48.682	*	365 / 4
=	13.2995					/	48.682	*	365 / 4
=	24.93

Hsin-Li Chemical Industrial Days Payable Related Terms

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Hsin-Li Chemical Industrial (ROCO:4303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hsin-Li Chemical Industrial Corp (ROCO:4303) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 121, Huazong Road, Xuejia District, Tainan, TWN

Website

https://www.hsinli.com.tw

Hsin-Li Chemical Industrial Corp manufactures leather & fabrics. It is mainly engaged in manufacturing and trading of synthetic leather, and plastic leather. Its products encompasses PVC soft leather, Flock adhesive cloth, wet & dry PU synthetic leather, PVC casting leather and PVC calendar leather. Its products are applied to bags & footwear.

Hsin-Li Chemical Industrial (ROCO:4303) Headlines

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