KenMec Mechanical Engineering Co (ROCO:6125) Days Payable : 106.52 (As of Mar. 2024)

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What is KenMec Mechanical Engineering Co Days Payable?

KenMec Mechanical Engineering Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$604 Mil. KenMec Mechanical Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$518 Mil. Hence, KenMec Mechanical Engineering Co's Days Payable for the three months ended in Mar. 2024 was 106.52.

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

ROCO:6125' s Days Payable Range Over the Past 10 Years
Min: 44.04 Med: 50.02 Max: 58.83
Current: 57.07

During the past 13 years, KenMec Mechanical Engineering Co's highest Days Payable was 58.83. The lowest was 44.04. And the median was 50.02.

ROCO:6125's Days Payable is ranked worse than
63.73% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs ROCO:6125: 57.07

KenMec Mechanical Engineering Co's Days Payable increased from Mar. 2023 (50.63) to Mar. 2024 (106.52). It may suggest that KenMec Mechanical Engineering Co delayed paying its suppliers.

KenMec Mechanical Engineering Co Days Payable Historical Data

The historical data trend for KenMec Mechanical Engineering 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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KenMec Mechanical Engineering Co Days Payable Chart

KenMec Mechanical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

45.59

44.04

49.20

50.57

54.77

KenMec Mechanical Engineering 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															50.63	41.02	48.76	69.41	106.52

Competitive Comparison of KenMec Mechanical Engineering Co's Days Payable

For the Specialty Industrial Machinery subindustry, KenMec Mechanical Engineering 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.

KenMec Mechanical Engineering Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, KenMec Mechanical Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where KenMec Mechanical Engineering Co's Days Payable falls into.

KenMec Mechanical Engineering 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.

KenMec Mechanical Engineering 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
=	( (646.325	+	674.833)	/	2 )	/	4402.168	*	365
=	660.579					/	4402.168	*	365
=	54.77

KenMec Mechanical Engineering 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
=	( (674.833	+	533.519)	/	2 )	/	517.589	*	365 / 4
=	604.176					/	517.589	*	365 / 4
=	106.52

KenMec Mechanical Engineering Co Days Payable Related Terms

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KenMec Mechanical Engineering Co (ROCO:6125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KenMec Mechanical Engineering Co Ltd (ROCO:6125) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dingping Road, Ruifang District, 1st Floor, No. 69, Ruifang Industrial Park, New Taipei, TWN, 115

Website

https://www.kenmec.com

KenMec Mechanical Engineering Co Ltd manufactures and markets whole factory automated production line systems. The company's segment includes Automation 1; Automation 2; Solar power system, parts and components; Electronic parts and components, and Others. It generates maximum revenue from the Automation 1 segment. Automation segment is responsible for automated flow line equipment and supporting equipment for T.F.T. process equipment, semiconductor process equipment, industrial conveying machinery, and automated storage equipment; parking tower and mechanical parking equipment, incinerator and other environmental facilities; electronic anti-static products; production, sale, installation, and lease of window-cleaning equipment and hanging platforms.

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