Oriental System Technology (ROCO:6819) Days Payable : 17.39 (As of Dec. 2023)

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What is Oriental System Technology Days Payable?

Oriental System Technology's average Accounts Payable for the six months ended in Dec. 2023 was NT$8.2 Mil. Oriental System Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$86.4 Mil. Hence, Oriental System Technology's Days Payable for the six months ended in Dec. 2023 was 17.39.

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

ROCO:6819' s Days Payable Range Over the Past 10 Years
Min: 8.71 Med: 25.55 Max: 31.01
Current: 13.54

During the past 7 years, Oriental System Technology's highest Days Payable was 31.01. The lowest was 8.71. And the median was 25.55.

ROCO:6819's Days Payable is ranked worse than
95.44% of 965 companies
in the Semiconductors industry
Industry Median: 51.64 vs ROCO:6819: 13.54

Oriental System Technology's Days Payable increased from Dec. 2022 (7.20) to Dec. 2023 (17.39). It may suggest that Oriental System Technology delayed paying its suppliers.

Oriental System Technology Days Payable Historical Data

The historical data trend for Oriental System Technology'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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Oriental System Technology Days Payable Chart

Oriental System Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

26.91

15.31

31.01

8.71

10.19

Oriental System Technology Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							24.40	12.72	7.20	12.73	17.39

Competitive Comparison of Oriental System Technology's Days Payable

For the Semiconductors subindustry, Oriental System Technology'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.

Oriental System Technology's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Oriental System Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Oriental System Technology's Days Payable falls into.

Oriental System Technology 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.

Oriental System Technology'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
=	( (1.566	+	7.485)	/	2 )	/	162.057	*	365
=	4.5255					/	162.057	*	365
=	10.19

Oriental System Technology'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
=	( (8.983	+	7.485)	/	2 )	/	86.416	*	365 / 2
=	8.234					/	86.416	*	365 / 2
=	17.39

Oriental System Technology Days Payable Related Terms

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Oriental System Technology (ROCO:6819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Oriental System Technology Inc (ROCO:6819) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25, Industry E. 9th Road, 2nd Floor, Hsinchu Science Park, Hsinchu, TWN, 30075

Website

https://www.orisystech.com

Oriental System Technology Inc is engaged in the manufacturing of sensors. The product portfolio includes thermopile sensor, NDIR gas sensor, and optoelectronic components.

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