Fine Blanking & Tool Co (ROCO:4535) Days Payable : 42.16 (As of Mar. 2024)

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What is Fine Blanking & Tool Co Days Payable?

Fine Blanking & Tool Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$257 Mil. Fine Blanking & Tool Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$557 Mil. Hence, Fine Blanking & Tool Co's Days Payable for the three months ended in Mar. 2024 was 42.16.

The historical rank and industry rank for Fine Blanking & Tool Co's Days Payable or its related term are showing as below:

ROCO:4535' s Days Payable Range Over the Past 10 Years
Min: 42.02 Med: 47.33 Max: 56.02
Current: 42.02

During the past 13 years, Fine Blanking & Tool Co's highest Days Payable was 56.02. The lowest was 42.02. And the median was 47.33.

ROCO:4535's Days Payable is ranked worse than
72.9% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 65.86 vs ROCO:4535: 42.02

Fine Blanking & Tool Co's Days Payable declined from Mar. 2023 (46.32) to Mar. 2024 (42.16). It may suggest that Fine Blanking & Tool Co accelerated paying its suppliers.

Fine Blanking & Tool Co Days Payable Historical Data

The historical data trend for Fine Blanking & Tool 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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Fine Blanking & Tool Co Days Payable Chart

Fine Blanking & Tool Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

46.75

56.02

49.20

43.42

45.73

Fine Blanking & Tool 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															46.32	42.60	41.89	43.26	42.16

Competitive Comparison of Fine Blanking & Tool Co's Days Payable

For the Auto Parts subindustry, Fine Blanking & Tool 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.

Fine Blanking & Tool Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fine Blanking & Tool Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fine Blanking & Tool Co's Days Payable falls into.

Fine Blanking & Tool 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.

Fine Blanking & Tool 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
=	( (298.431	+	276.305)	/	2 )	/	2293.463	*	365
=	287.368					/	2293.463	*	365
=	45.73

Fine Blanking & Tool 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
=	( (276.305	+	238.539)	/	2 )	/	557.221	*	365 / 4
=	257.422					/	557.221	*	365 / 4
=	42.16

Fine Blanking & Tool Co Days Payable Related Terms

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Fine Blanking & Tool Co (ROCO:4535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fine Blanking & Tool Co Ltd (ROCO:4535) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 3, Gong Eighth Road, Quanxing Industrial Zone, Xidi Village, Shengang Township, Changhua County, TWN

Website

https://www.fineblanking.com.tw

Fine Blanking & Tool Co Ltd is a Taiwan-based manufacturer of automobile parts and components. Its product portfolio includes auto parts, Locomotive stamping parts, bicycle parts, Fine blanking parts, and off-road. The group operates in two segments that include Domestic Operations and Overseas Operations. The majority of revenue is generated from the Overseas Operations segment which engaged in manufacturing, processing, and production of various products and precision stamping parts for automobiles, motorcycles, and special vehicles.

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