Kings Metal Fiber Technologies Co (ROCO:6832) Days Payable : 10.90 (As of Dec. 2023)

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What is Kings Metal Fiber Technologies Co Days Payable?

Kings Metal Fiber Technologies Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$5.8 Mil. Kings Metal Fiber Technologies Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$97.4 Mil. Hence, Kings Metal Fiber Technologies Co's Days Payable for the six months ended in Dec. 2023 was 10.90.

The historical rank and industry rank for Kings Metal Fiber Technologies Co's Days Payable or its related term are showing as below:

ROCO:6832' s Days Payable Range Over the Past 10 Years
Min: 4.9 Med: 15.96 Max: 22.65
Current: 8.42

During the past 6 years, Kings Metal Fiber Technologies Co's highest Days Payable was 22.65. The lowest was 4.90. And the median was 15.96.

ROCO:6832's Days Payable is ranked worse than
95.69% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.73 vs ROCO:6832: 8.42

Kings Metal Fiber Technologies Co's Days Payable declined from Dec. 2022 (15.08) to Dec. 2023 (10.90). It may suggest that Kings Metal Fiber Technologies Co accelerated paying its suppliers.

Kings Metal Fiber Technologies Co Days Payable Historical Data

The historical data trend for Kings Metal Fiber Technologies 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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Kings Metal Fiber Technologies Co Days Payable Chart

Kings Metal Fiber Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

22.65

21.29

15.13

9.77

4.90

Kings Metal Fiber Technologies Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					20.59	21.91	15.08	9.55	10.90

Competitive Comparison of Kings Metal Fiber Technologies Co's Days Payable

For the Textile Manufacturing subindustry, Kings Metal Fiber Technologies 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.

Kings Metal Fiber Technologies Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kings Metal Fiber Technologies Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Kings Metal Fiber Technologies Co's Days Payable falls into.

Kings Metal Fiber Technologies 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.

Kings Metal Fiber Technologies 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
=	( (2.79	+	2.806)	/	2 )	/	208.243	*	365
=	2.798					/	208.243	*	365
=	4.90

Kings Metal Fiber Technologies 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
=	( (8.819	+	2.806)	/	2 )	/	97.362	*	365 / 2
=	5.8125					/	97.362	*	365 / 2
=	10.90

Kings Metal Fiber Technologies Co Days Payable Related Terms

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Kings Metal Fiber Technologies Co (ROCO:6832) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kings Metal Fiber Technologies Co Ltd (ROCO:6832) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linsen N. Road, 8th Floor, No. 426, Zhongshan District, Taipei, TWN, 104

Website

http://www.kingsmetalfiber.com

Kings Metal Fiber Technologies Co Ltd is engaged in the business of advanced textiles. Its customer base ranges from glass manufacturing industries to smart clothing retail markets. By transforming stainless steel fibers into soft and smooth textile constructions, the company provides the ideal buffer material for contacting the hot surfaces of glass during its forming process.

Kings Metal Fiber Technologies Co (ROCO:6832) Headlines

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