Joy Industrial Co (ROCO:4559) Days Payable : 67.29 (As of Dec. 2023)

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What is Joy Industrial Co Days Payable?

Joy Industrial Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$163.1 Mil. Joy Industrial Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$442.4 Mil. Hence, Joy Industrial Co's Days Payable for the six months ended in Dec. 2023 was 67.29.

The historical rank and industry rank for Joy Industrial Co's Days Payable or its related term are showing as below:

ROCO:4559' s Days Payable Range Over the Past 10 Years
Min: 61.14 Med: 80.65 Max: 94.47
Current: 68.74

During the past 12 years, Joy Industrial Co's highest Days Payable was 94.47. The lowest was 61.14. And the median was 80.65.

ROCO:4559's Days Payable is ranked better than
51.46% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 66.92 vs ROCO:4559: 68.74

Joy Industrial Co's Days Payable declined from Dec. 2022 (73.22) to Dec. 2023 (67.29). It may suggest that Joy Industrial Co accelerated paying its suppliers.

Joy Industrial Co Days Payable Historical Data

The historical data trend for Joy Industrial 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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Joy Industrial Co Days Payable Chart

Joy Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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93.75

85.02

69.80

61.14

74.08

Joy Industrial Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															70.83	75.45	73.22	64.76	67.29

Competitive Comparison of Joy Industrial Co's Days Payable

For the Auto Parts subindustry, Joy Industrial 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.

Joy Industrial Co's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Joy Industrial Co's Days Payable falls into.

Joy Industrial 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.

Joy Industrial 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
=	( (154.081	+	190.989)	/	2 )	/	850.139	*	365
=	172.535					/	850.139	*	365
=	74.08

Joy Industrial Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (135.26	+	190.989)	/	2 )	/	442.426	*	365 / 2
=	163.1245					/	442.426	*	365 / 2
=	67.29

Joy Industrial Co Days Payable Related Terms

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Joy Industrial Co (ROCO:4559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Joy Industrial Co Ltd (ROCO:4559) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang-Ping Road, No. 9, Lane 462, Sector 4, Daya, Taichung, TWN, 42850

Website

http://www.joy-tech.com.tw

Joy Industrial Co Ltd is engaged in manufacturing, developing, and selling related products for bicycles, and motorcycle parts.. The company's products include hubs and wheelset series.

Joy Industrial Co (ROCO:4559) Headlines

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