Soaring Technology Co (ROCO:6222) Days Payable : 24.10 (As of Mar. 2024)

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What is Soaring Technology Co Days Payable?

Soaring Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$0.19 Mil. Soaring Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$0.73 Mil. Hence, Soaring Technology Co's Days Payable for the three months ended in Mar. 2024 was 24.10.

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

ROCO:6222' s Days Payable Range Over the Past 10 Years
Min: 7.76 Med: 59.6 Max: 79.85
Current: 41.16

During the past 13 years, Soaring Technology Co's highest Days Payable was 79.85. The lowest was 7.76. And the median was 59.60.

ROCO:6222's Days Payable is ranked worse than
73.2% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.13 vs ROCO:6222: 41.16

Soaring Technology Co's Days Payable declined from Mar. 2023 (96.93) to Mar. 2024 (24.10). It may suggest that Soaring Technology Co accelerated paying its suppliers.

Soaring Technology Co Days Payable Historical Data

The historical data trend for Soaring 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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Soaring Technology Co Days Payable Chart

Soaring Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.85

60.96

58.23

72.71

69.79

Soaring 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															96.93	32.02	46.64	87.63	24.10

Competitive Comparison of Soaring Technology Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Soaring 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.

Soaring Technology Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Soaring Technology Co's Days Payable distribution charts can be found below:

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

Soaring 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.

Soaring 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
=	( (0.902	+	0.171)	/	2 )	/	2.806	*	365
=	0.5365					/	2.806	*	365
=	69.79

Soaring 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
=	( (0.171	+	0.214)	/	2 )	/	0.729	*	365 / 4
=	0.1925					/	0.729	*	365 / 4
=	24.10

Soaring Technology Co Days Payable Related Terms

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Soaring Technology Co (ROCO:6222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Soaring Technology Co Ltd (ROCO:6222) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1Floor. No. 32, Zhongxing Road, Xizhi District, New Taipei City, Taipei Hsieh, TWN, 22161

Website

http://www.sotac.com.tw

Soaring Technology Co Ltd offers various liquid crystal display (LCD) monitors in Taiwan. It offers LED lamps, tubes, bulbs, and indoor and outdoor fixtures. The main business is engaged in the design, processing, manufacturing, and sales of lighting equipment and electrical appliances.

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