Topview Optronics (ROCO:6556) Days Payable : 67.15 (As of Mar. 2024)

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What is Topview Optronics Days Payable?

Topview Optronics's average Accounts Payable for the three months ended in Mar. 2024 was NT$227 Mil. Topview Optronics's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$308 Mil. Hence, Topview Optronics's Days Payable for the three months ended in Mar. 2024 was 67.15.

The historical rank and industry rank for Topview Optronics's Days Payable or its related term are showing as below:

ROCO:6556' s Days Payable Range Over the Past 10 Years
Min: 63.89 Med: 85.63 Max: 102.88
Current: 71.3

During the past 11 years, Topview Optronics's highest Days Payable was 102.88. The lowest was 63.89. And the median was 85.63.

ROCO:6556's Days Payable is ranked better than
64.24% of 920 companies
in the Business Services industry
Industry Median: 47.92 vs ROCO:6556: 71.30

Topview Optronics's Days Payable declined from Mar. 2023 (95.41) to Mar. 2024 (67.15). It may suggest that Topview Optronics accelerated paying its suppliers.

Topview Optronics Days Payable Historical Data

The historical data trend for Topview Optronics'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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Topview Optronics Days Payable Chart

Topview Optronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.58

85.20

91.18

102.88

78.04

Topview Optronics 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															95.41	85.83	55.21	56.93	67.15

Competitive Comparison of Topview Optronics's Days Payable

For the Security & Protection Services subindustry, Topview Optronics'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.

Topview Optronics's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Topview Optronics's Days Payable distribution charts can be found below:

* The bar in red indicates where Topview Optronics's Days Payable falls into.

Topview Optronics 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.

Topview Optronics'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
=	( (432.867	+	164.586)	/	2 )	/	1397.244	*	365
=	298.7265					/	1397.244	*	365
=	78.04

Topview Optronics'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
=	( (164.586	+	288.522)	/	2 )	/	307.87	*	365 / 4
=	226.554					/	307.87	*	365 / 4
=	67.15

Topview Optronics Days Payable Related Terms

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Topview Optronics (ROCO:6556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Topview Optronics Corp (ROCO:6556) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 10, Dacheng Road, Taoyuan District, Taoyuan, TWN, 33068

Website

http://www.topviewcorp.com

Topview Optronics Corp is involved in the manufacturing, trading, import and export of security monitors. Its products are IP cameras of 1,2,3-megapixel, speed dome, and accessories such as bracket.

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