Golden Insurance Brokers Co (ROCO:6028) Days Payable : 39.35 (As of Dec. 2023)

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What is Golden Insurance Brokers Co Days Payable?

Golden Insurance Brokers Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$299 Mil. Golden Insurance Brokers Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$1,386 Mil. Hence, Golden Insurance Brokers Co's Days Payable for the six months ended in Dec. 2023 was 39.35.

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

ROCO:6028' s Days Payable Range Over the Past 10 Years
Min: 39.34 Med: 48.83 Max: 53.03
Current: 39.34

During the past 10 years, Golden Insurance Brokers Co's highest Days Payable was 53.03. The lowest was 39.34. And the median was 48.83.

ROCO:6028's Days Payable is ranked worse than
59.18% of 49 companies
in the Insurance industry
Industry Median: 56.92 vs ROCO:6028: 39.34

Golden Insurance Brokers Co's Days Payable declined from Dec. 2022 (43.32) to Dec. 2023 (39.35). It may suggest that Golden Insurance Brokers Co accelerated paying its suppliers.

Golden Insurance Brokers Co Days Payable Historical Data

The historical data trend for Golden Insurance Brokers 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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Golden Insurance Brokers Co Days Payable Chart

Golden Insurance Brokers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

51.52

53.03

48.96

47.19

40.21

Golden Insurance Brokers Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											41.93	43.46	43.32	38.37	39.35

Competitive Comparison of Golden Insurance Brokers Co's Days Payable

For the Insurance Brokers subindustry, Golden Insurance Brokers 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.

Golden Insurance Brokers Co's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Golden Insurance Brokers Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Golden Insurance Brokers Co's Days Payable falls into.

Golden Insurance Brokers 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.

Golden Insurance Brokers 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
=	( (229.347	+	334.14)	/	2 )	/	2557.539	*	365
=	281.7435					/	2557.539	*	365
=	40.21

Golden Insurance Brokers 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
=	( (263.43	+	334.14)	/	2 )	/	1385.722	*	365 / 2
=	298.785					/	1385.722	*	365 / 2
=	39.35

Golden Insurance Brokers Co Days Payable Related Terms

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Golden Insurance Brokers Co (ROCO:6028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Golden Insurance Brokers Co Ltd (ROCO:6028) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dashun 1st Road, Zuoying District, Room. 4, 4th Floor, Number 93, Kaohsiung, TWN, 813

Website

http://www.goldennet.com.tw

Golden Insurance Brokers Co Ltd is an Insurance Broker based in Taiwan. The company is involved in providing Life Insurance, Medical Insurance, Savings Insurance and Investment Insurance among others.

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