O'Pay Electronic Payment Co (ROCO:6878) Days Payable : 31.74 (As of Dec. 2023)

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What is O'Pay Electronic Payment Co Days Payable?

O'Pay Electronic Payment Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$1.66 Mil. O'Pay Electronic Payment Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$9.52 Mil. Hence, O'Pay Electronic Payment Co's Days Payable for the six months ended in Dec. 2023 was 31.74.

The historical rank and industry rank for O'Pay Electronic Payment Co's Days Payable or its related term are showing as below:

ROCO:6878' s Days Payable Range Over the Past 10 Years
Min: 5.07 Med: 6.92 Max: 33.41
Current: 33.41

During the past 6 years, O'Pay Electronic Payment Co's highest Days Payable was 33.41. The lowest was 5.07. And the median was 6.92.

ROCO:6878's Days Payable is ranked worse than
63.61% of 2531 companies
in the Software industry
Industry Median: 50.16 vs ROCO:6878: 33.41

O'Pay Electronic Payment Co's Days Payable increased from Dec. 2022 (13.54) to Dec. 2023 (31.74). It may suggest that O'Pay Electronic Payment Co delayed paying its suppliers.

O'Pay Electronic Payment Co Days Payable Historical Data

The historical data trend for O'Pay Electronic Payment 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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O'Pay Electronic Payment Co Days Payable Chart

O'Pay Electronic Payment Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

5.68

5.13

5.07

8.15

33.35

O'Pay Electronic Payment Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					4.75	5.60	13.54	35.54	31.74

Competitive Comparison of O'Pay Electronic Payment Co's Days Payable

For the Software - Infrastructure subindustry, O'Pay Electronic Payment 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.

O'Pay Electronic Payment Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, O'Pay Electronic Payment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where O'Pay Electronic Payment Co's Days Payable falls into.

O'Pay Electronic Payment 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.

O'Pay Electronic Payment 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
=	( (1.412	+	1.731)	/	2 )	/	17.2	*	365
=	1.5715					/	17.2	*	365
=	33.35

O'Pay Electronic Payment 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
=	( (1.58	+	1.731)	/	2 )	/	9.519	*	365 / 2
=	1.6555					/	9.519	*	365 / 2
=	31.74

O'Pay Electronic Payment Co Days Payable Related Terms

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O'Pay Electronic Payment Co (ROCO:6878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » O'Pay Electronic Payment Co Ltd (ROCO:6878) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, No 19-2 Sanchong Road, Nangang District, Taipei, TWN, 115

Website

https://www.opay.tw

O'Pay Electronic Payment Co Ltd is an open electronic payment platform that has been engaged in the cash flow payment industry. Its business content includes providing customers with payment agency services for inward or outward remittance of cross-border network actual transaction prices and providing payment services.

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