Group Up Industrial Co (ROCO:6664) Days Payable : 73.37 (As of Mar. 2024)

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What is Group Up Industrial Co Days Payable?

Group Up Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$226 Mil. Group Up Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$281 Mil. Hence, Group Up Industrial Co's Days Payable for the three months ended in Mar. 2024 was 73.37.

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

ROCO:6664' s Days Payable Range Over the Past 10 Years
Min: 84.84 Med: 109.41 Max: 126.21
Current: 97.3

During the past 11 years, Group Up Industrial Co's highest Days Payable was 126.21. The lowest was 84.84. And the median was 109.41.

ROCO:6664's Days Payable is ranked better than
61.77% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs ROCO:6664: 97.30

Group Up Industrial Co's Days Payable declined from Mar. 2023 (155.22) to Mar. 2024 (73.37). It may suggest that Group Up Industrial Co accelerated paying its suppliers.

Group Up Industrial Co Days Payable Historical Data

The historical data trend for Group Up Industrial 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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Group Up Industrial Co Days Payable Chart

Group Up Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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88.57

112.47

122.00

123.97

101.54

Group Up Industrial 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															155.22	140.77	100.24	67.72	73.37

Competitive Comparison of Group Up Industrial Co's Days Payable

For the Specialty Industrial Machinery subindustry, Group Up Industrial 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.

Group Up Industrial Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Group Up Industrial Co's Days Payable falls into.

Group Up Industrial 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.

Group Up Industrial 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
=	( (512.778	+	206.788)	/	2 )	/	1293.35	*	365
=	359.783					/	1293.35	*	365
=	101.54

Group Up Industrial 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
=	( (206.788	+	244.698)	/	2 )	/	280.746	*	365 / 4
=	225.743					/	280.746	*	365 / 4
=	73.37

Group Up Industrial Co Days Payable Related Terms

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Group Up Industrial Co (ROCO:6664) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Group Up Industrial Co Ltd (ROCO:6664) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188, Heping Road, Yangmei District, Taoyuan, TWN, 326

Website

https://www.gpline.com.tw/index_en.php

Group Up Industrial Co Ltd is focused on the fields of hot air, infrared, ultraviolet, exposure, coating, roll-to-roll automation, and line integration. The company engaged in the manufacturing and trading of general boxed-shaped equipment for drying, preheating, and curing, automatic conveyor hot air ovens, IR drying ovens, as well as dust-free and explosion-proof vacuum oven. The company derives maximum revenue from China.

Group Up Industrial Co (ROCO:6664) Headlines

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