Chung Tai Resource Technology (ROCO:6923) Days Payable : 14.68 (As of Dec. 2023)

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What is Chung Tai Resource Technology Days Payable?

Chung Tai Resource Technology's average Accounts Payable for the six months ended in Dec. 2023 was NT$42 Mil. Chung Tai Resource Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$525 Mil. Hence, Chung Tai Resource Technology's Days Payable for the six months ended in Dec. 2023 was 14.68.

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

ROCO:6923' s Days Payable Range Over the Past 10 Years
Min: 17.44 Med: 36.42 Max: 66.73
Current: 17.44

During the past 5 years, Chung Tai Resource Technology's highest Days Payable was 66.73. The lowest was 17.44. And the median was 36.42.

ROCO:6923's Days Payable is ranked worse than
88.44% of 225 companies
in the Waste Management industry
Industry Median: 71.54 vs ROCO:6923: 17.44

Chung Tai Resource Technology's Days Payable declined from Dec. 2022 (18.39) to Dec. 2023 (14.68). It may suggest that Chung Tai Resource Technology accelerated paying its suppliers.

Chung Tai Resource Technology Days Payable Historical Data

The historical data trend for Chung Tai Resource 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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Chung Tai Resource Technology Days Payable Chart

Chung Tai Resource Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

66.73

61.29

36.42

24.29

18.54

Chung Tai Resource Technology Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			34.65	23.62	18.39	20.31	14.68

Competitive Comparison of Chung Tai Resource Technology's Days Payable

For the Waste Management subindustry, Chung Tai Resource 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.

Chung Tai Resource Technology's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Chung Tai Resource Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Chung Tai Resource Technology's Days Payable falls into.

Chung Tai Resource 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.

Chung Tai Resource 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
=	( (39.067	+	48.499)	/	2 )	/	861.907	*	365
=	43.783					/	861.907	*	365
=	18.54

Chung Tai Resource 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
=	( (35.955	+	48.499)	/	2 )	/	524.876	*	365 / 2
=	42.227					/	524.876	*	365 / 2
=	14.68

Chung Tai Resource Technology Days Payable Related Terms

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Chung Tai Resource Technology (ROCO:6923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chung Tai Resource Technology Corp (ROCO:6923) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 328, Huanke Road, Guanyin District, Taoyuan City, TWN, 328451

Website

https://www.chinalab.com.tw

Chung Tai Resource Technology Corp provides waste removal and treatment, Pyrolysis treatment system, Recycling of Waste Printed Circuit Boards, Incineration Thermal Power Generation and Comprehensive Treatment R&D Center, waste lighting sources recycling, and other services.

Chung Tai Resource Technology (ROCO:6923) Headlines

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