King Chou Marine Technology Co (ROCO:4417) Days Payable : 9.89 (As of Mar. 2024)

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What is King Chou Marine Technology Co Days Payable?

King Chou Marine Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$46 Mil. King Chou Marine Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$424 Mil. Hence, King Chou Marine Technology Co's Days Payable for the three months ended in Mar. 2024 was 9.89.

The historical rank and industry rank for King Chou Marine Technology Co's Days Payable or its related term are showing as below:

ROCO:4417' s Days Payable Range Over the Past 10 Years
Min: 7.97 Med: 11.02 Max: 14.2
Current: 9.76

During the past 13 years, King Chou Marine Technology Co's highest Days Payable was 14.20. The lowest was 7.97. And the median was 11.02.

ROCO:4417's Days Payable is ranked worse than
94.88% of 1016 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs ROCO:4417: 9.76

King Chou Marine Technology Co's Days Payable declined from Mar. 2023 (11.19) to Mar. 2024 (9.89). It may suggest that King Chou Marine Technology Co accelerated paying its suppliers.

King Chou Marine Technology Co Days Payable Historical Data

The historical data trend for King Chou Marine Technology 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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King Chou Marine Technology Co Days Payable Chart

King Chou Marine Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

11.36

12.15

14.20

7.97

8.46

King Chou Marine Technology Co 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															11.19	10.26	10.25	9.02	9.89

Competitive Comparison of King Chou Marine Technology Co's Days Payable

For the Textile Manufacturing subindustry, King Chou Marine Technology 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.

King Chou Marine Technology Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, King Chou Marine Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where King Chou Marine Technology Co's Days Payable falls into.

King Chou Marine Technology 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.

King Chou Marine Technology 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
=	( (57.793	+	43.984)	/	2 )	/	2195.779	*	365
=	50.8885					/	2195.779	*	365
=	8.46

King Chou Marine Technology Co'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
=	( (43.984	+	48.022)	/	2 )	/	424.307	*	365 / 4
=	46.003					/	424.307	*	365 / 4
=	9.89

King Chou Marine Technology Co Days Payable Related Terms

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King Chou Marine Technology Co (ROCO:4417) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » King Chou Marine Technology Co Ltd (ROCO:4417) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12, Hsingan Road, Hsinyuan Township, Pingtung, TWN, 806

Website

https://www.king-net.com.tw

King Chou Marine Technology Co Ltd is a Taiwan based manufacturer of fishing nets, twines and ropes, as well as agricultural, industrial, military, and sports nets. Its products include purse seine net, marine hardware, fish farming net, trawl net, trap net, set net, long line, sports net, twine, rope and others. The company has a business presence in Taiwan and other countries.

King Chou Marine Technology Co (ROCO:4417) Headlines

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