Kuang Hong Arts Management (ROCO:6596) Days Payable : 21.06 (As of Mar. 2024)

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What is Kuang Hong Arts Management Days Payable?

Kuang Hong Arts Management's average Accounts Payable for the three months ended in Mar. 2024 was NT$111 Mil. Kuang Hong Arts Management's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$482 Mil. Hence, Kuang Hong Arts Management's Days Payable for the three months ended in Mar. 2024 was 21.06.

The historical rank and industry rank for Kuang Hong Arts Management's Days Payable or its related term are showing as below:

ROCO:6596' s Days Payable Range Over the Past 10 Years
Min: 13.68 Med: 28.22 Max: 85.42
Current: 19.85

During the past 11 years, Kuang Hong Arts Management's highest Days Payable was 85.42. The lowest was 13.68. And the median was 28.22.

ROCO:6596's Days Payable is ranked worse than
87.88% of 932 companies
in the Media - Diversified industry
Industry Median: 79.485 vs ROCO:6596: 19.85

Kuang Hong Arts Management's Days Payable declined from Mar. 2023 (26.31) to Mar. 2024 (21.06). It may suggest that Kuang Hong Arts Management accelerated paying its suppliers.

Kuang Hong Arts Management Days Payable Historical Data

The historical data trend for Kuang Hong Arts Management'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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Kuang Hong Arts Management Days Payable Chart

Kuang Hong Arts Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.18

49.32

85.42

13.68

27.64

Kuang Hong Arts Management 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															26.31	25.07	10.98	25.80	21.06

Competitive Comparison of Kuang Hong Arts Management's Days Payable

For the Entertainment subindustry, Kuang Hong Arts Management'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.

Kuang Hong Arts Management's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kuang Hong Arts Management's Days Payable distribution charts can be found below:

* The bar in red indicates where Kuang Hong Arts Management's Days Payable falls into.

Kuang Hong Arts Management 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.

Kuang Hong Arts Management'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
=	( (57.47	+	86.701)	/	2 )	/	951.957	*	365
=	72.0855					/	951.957	*	365
=	27.64

Kuang Hong Arts Management'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
=	( (86.701	+	135.692)	/	2 )	/	481.716	*	365 / 4
=	111.1965					/	481.716	*	365 / 4
=	21.06

Kuang Hong Arts Management Days Payable Related Terms

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Kuang Hong Arts Management (ROCO:6596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Kuang Hong Arts Management Inc (ROCO:6596) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 267, Lequn 2nd Road, 6th Floor, Zhongshan District, Taipei, TWN, 10485

Website

https://www.khaminc.com.tw

Kuang Hong Arts Management Inc is a media company involved in promoting cultural events which include music, dance, exhibitions, Drama, Lectures, and other events.

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