Shine Trend International Multimedia Tec (ROCO:6856) Days Payable : 13.68 (As of Mar. 2024)

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What is Shine Trend International Multimedia Tec Days Payable?

Shine Trend International Multimedia Tec's average Accounts Payable for the three months ended in Mar. 2024 was NT$5.0 Mil. Shine Trend International Multimedia Tec's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$33.5 Mil. Hence, Shine Trend International Multimedia Tec's Days Payable for the three months ended in Mar. 2024 was 13.68.

The historical rank and industry rank for Shine Trend International Multimedia Tec's Days Payable or its related term are showing as below:

ROCO:6856' s Days Payable Range Over the Past 10 Years
Min: 12.33 Med: 27.13 Max: 37.15
Current: 13.34

During the past 6 years, Shine Trend International Multimedia Tec's highest Days Payable was 37.15. The lowest was 12.33. And the median was 27.13.

ROCO:6856's Days Payable is ranked worse than
93.24% of 932 companies
in the Media - Diversified industry
Industry Median: 79.485 vs ROCO:6856: 13.34

Shine Trend International Multimedia Tec's Days Payable increased from Mar. 2023 (13.66) to Mar. 2024 (13.68). It may suggest that Shine Trend International Multimedia Tec delayed paying its suppliers.

Shine Trend International Multimedia Tec Days Payable Historical Data

The historical data trend for Shine Trend International Multimedia Tec'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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Shine Trend International Multimedia Tec Days Payable Chart

Shine Trend International Multimedia Tec Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

27.95

31.83

37.15

14.40

12.33

Shine Trend International Multimedia Tec Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										13.66	14.77	13.38	11.19	13.68

Competitive Comparison of Shine Trend International Multimedia Tec's Days Payable

For the Entertainment subindustry, Shine Trend International Multimedia Tec'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.

Shine Trend International Multimedia Tec's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Shine Trend International Multimedia Tec's Days Payable distribution charts can be found below:

* The bar in red indicates where Shine Trend International Multimedia Tec's Days Payable falls into.

Shine Trend International Multimedia Tec 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.

Shine Trend International Multimedia Tec'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
=	( (4.013	+	4.859)	/	2 )	/	131.278	*	365
=	4.436					/	131.278	*	365
=	12.33

Shine Trend International Multimedia Tec'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
=	( (4.859	+	5.171)	/	2 )	/	33.452	*	365 / 4
=	5.015					/	33.452	*	365 / 4
=	13.68

Shine Trend International Multimedia Tec Days Payable Related Terms

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Shine Trend International Multimedia Tec (ROCO:6856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shine Trend International Multimedia Tec (ROCO:6856) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68, Section 1, Guoguang Road, Dali District, Taichung, TWN

Website

https://www.st-media.com.tw

Shine Trend International Multimedia Tec is involved in the entertainment business. The company is focused on the production of programs for television.

Shine Trend International Multimedia Tec (ROCO:6856) Headlines

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