Fortune Oriental Co (TPE:2491) Days Payable : 58.11 (As of Mar. 2024)

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What is Fortune Oriental Co Days Payable?

Fortune Oriental Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$23.5 Mil. Fortune Oriental Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$36.9 Mil. Hence, Fortune Oriental Co's Days Payable for the three months ended in Mar. 2024 was 58.11.

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

TPE:2491' s Days Payable Range Over the Past 10 Years
Min: 57.87 Med: 80.17 Max: 110.27
Current: 61.52

During the past 13 years, Fortune Oriental Co's highest Days Payable was 110.27. The lowest was 57.87. And the median was 80.17.

TPE:2491's Days Payable is ranked worse than
53.85% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.13 vs TPE:2491: 61.52

Fortune Oriental Co's Days Payable increased from Mar. 2023 (53.49) to Mar. 2024 (58.11). It may suggest that Fortune Oriental Co delayed paying its suppliers.

Fortune Oriental Co Days Payable Historical Data

The historical data trend for Fortune Oriental 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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Fortune Oriental Co Days Payable Chart

Fortune Oriental Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.17

83.41

76.93

57.87

63.93

Fortune Oriental Co 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															53.49	57.86	69.32	74.37	58.11

Competitive Comparison of Fortune Oriental Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Fortune Oriental 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.

Fortune Oriental Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fortune Oriental Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Fortune Oriental Co's Days Payable falls into.

Fortune Oriental 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.

Fortune Oriental 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
=	( (22.988	+	26.483)	/	2 )	/	141.235	*	365
=	24.7355					/	141.235	*	365
=	63.93

Fortune Oriental Co'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
=	( (26.483	+	20.529)	/	2 )	/	36.91	*	365 / 4
=	23.506					/	36.91	*	365 / 4
=	58.11

Fortune Oriental Co Days Payable Related Terms

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Fortune Oriental Co (TPE:2491) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Fortune Oriental Co Ltd (TPE:2491) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng Road, No. 6, Lane 54, Xindian District, Taoyuan, TWN, 231041

Website

https://www.focl.com.tw

Fortune Oriental Co Ltd is principally engaged in the manufacturing and distribution of lighting applications and the distribution and reselling of electronic components. It also imports and export trade of products multimedia information products. Its segments include Electronics multimedia, Investment, Optoelectronic, and others. It generates the majority of its revenue from Investment segment.

Fortune Oriental Co (TPE:2491) Headlines

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