Kwang Ming Silk Mill Co (ROCO:4420) Days Payable : 2.17 (As of Mar. 2024)

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What is Kwang Ming Silk Mill Co Days Payable?

Kwang Ming Silk Mill Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$4.1 Mil. Kwang Ming Silk Mill Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$173.2 Mil. Hence, Kwang Ming Silk Mill Co's Days Payable for the three months ended in Mar. 2024 was 2.17.

The historical rank and industry rank for Kwang Ming Silk Mill Co's Days Payable or its related term are showing as below:

ROCO:4420' s Days Payable Range Over the Past 10 Years
Min: 1.54 Med: 5.35 Max: 10.22
Current: 3.4

During the past 13 years, Kwang Ming Silk Mill Co's highest Days Payable was 10.22. The lowest was 1.54. And the median was 5.35.

ROCO:4420's Days Payable is ranked worse than
98.42% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.34 vs ROCO:4420: 3.40

Kwang Ming Silk Mill Co's Days Payable declined from Dec. 2022 (3.05) to Mar. 2024 (2.17). It may suggest that Kwang Ming Silk Mill Co accelerated paying its suppliers.

Kwang Ming Silk Mill Co Days Payable Historical Data

The historical data trend for Kwang Ming Silk Mill 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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Kwang Ming Silk Mill Co Days Payable Chart

Kwang Ming Silk Mill Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

8.90

7.94

5.54

1.54

2.21

Kwang Ming Silk Mill Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															3.05	2.43	3.01	2.68	2.17

Competitive Comparison of Kwang Ming Silk Mill Co's Days Payable

For the Textile Manufacturing subindustry, Kwang Ming Silk Mill 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.

Kwang Ming Silk Mill Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kwang Ming Silk Mill Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Kwang Ming Silk Mill Co's Days Payable falls into.

Kwang Ming Silk Mill 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.

Kwang Ming Silk Mill Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.621	+	7.76)	/	2 )	/	857.301	*	365
=	5.1905					/	857.301	*	365
=	2.21

Kwang Ming Silk Mill 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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.666	+	7.582)	/	2 )	/	173.238	*	365 / 4
=	4.124					/	173.238	*	365 / 4
=	2.17

Kwang Ming Silk Mill Co Days Payable Related Terms

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Kwang Ming Silk Mill Co (ROCO:4420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kwang Ming Silk Mill Co Ltd (ROCO:4420) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.607, Ruiguang Road, Neihu Dis, Taipei, TWN

Website

http://www.kwangming.com

Kwang Ming Silk Mill Co Ltd is a Taiwan-based company engages in the manufacture and sale of woven fabric and blended fibers. Its products are used to manufacture bridal dress, sports, and casual wears, household decorations, industrial fabrics, and lining cloth, among others.

Kwang Ming Silk Mill Co (ROCO:4420) Headlines

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