Jet Optoelectronics Co (ROCO:2255) Days Payable : 71.62 (As of Dec. 2023)

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What is Jet Optoelectronics Co Days Payable?

Jet Optoelectronics Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$333 Mil. Jet Optoelectronics Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$849 Mil. Hence, Jet Optoelectronics Co's Days Payable for the six months ended in Dec. 2023 was 71.62.

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

ROCO:2255' s Days Payable Range Over the Past 10 Years
Min: 47.75 Med: 65.39 Max: 102.38
Current: 61.51

During the past 6 years, Jet Optoelectronics Co's highest Days Payable was 102.38. The lowest was 47.75. And the median was 65.39.

ROCO:2255's Days Payable is ranked worse than
53.06% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs ROCO:2255: 61.51

Jet Optoelectronics Co's Days Payable increased from Dec. 2022 (53.73) to Dec. 2023 (71.62). It may suggest that Jet Optoelectronics Co delayed paying its suppliers.

Jet Optoelectronics Co Days Payable Historical Data

The historical data trend for Jet Optoelectronics 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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Jet Optoelectronics Co Days Payable Chart

Jet Optoelectronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.13

102.38

64.61

66.16

64.28

Jet Optoelectronics Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					66.55	77.69	53.73	53.07	71.62

Competitive Comparison of Jet Optoelectronics Co's Days Payable

For the Auto Parts subindustry, Jet Optoelectronics 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.

Jet Optoelectronics Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jet Optoelectronics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jet Optoelectronics Co's Days Payable falls into.

Jet Optoelectronics 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.

Jet Optoelectronics 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
=	( (463.447	+	323.872)	/	2 )	/	2235.245	*	365
=	393.6595					/	2235.245	*	365
=	64.28

Jet Optoelectronics 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
=	( (342.668	+	323.872)	/	2 )	/	849.26	*	365 / 2
=	333.27					/	849.26	*	365 / 2
=	71.62

Jet Optoelectronics Co Days Payable Related Terms

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Jet Optoelectronics Co (ROCO:2255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jet Optoelectronics Co Ltd (ROCO:2255) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Yangguang Street, Neihu District, 7th Floor, Taipei, TWN, 11491

Website

https://www.jet-opto.com.tw

Jet Optoelectronics Co Ltd is engaged in the automotive electronics industry. It is focused on manufacturing in-car display and rear-seat entertainment systems. The product portfolio of the company includes Seat Top systems, Gooseneck systems, Headrest systems. Connected cars and In-car cam among others.

Jet Optoelectronics Co (ROCO:2255) Headlines

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