We Can Medicines Co (ROCO:6929) Days Payable : 92.49 (As of Mar. 2024)

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What is We Can Medicines Co Days Payable?

We Can Medicines Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$530 Mil. We Can Medicines Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$523 Mil. Hence, We Can Medicines Co's Days Payable for the three months ended in Mar. 2024 was 92.49.

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

ROCO:6929' s Days Payable Range Over the Past 10 Years
Min: 57.38 Med: 74.08 Max: 91.18
Current: 89.59

During the past 4 years, We Can Medicines Co's highest Days Payable was 91.18. The lowest was 57.38. And the median was 74.08.

ROCO:6929's Days Payable is ranked better than
78.68% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 46.07 vs ROCO:6929: 89.59

We Can Medicines Co's Days Payable increased from Mar. 2023 (92.42) to Mar. 2024 (92.49). It may suggest that We Can Medicines Co delayed paying its suppliers.

We Can Medicines Co Days Payable Historical Data

The historical data trend for We Can Medicines 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.

* Premium members only.

We Can Medicines Co Days Payable Chart

We Can Medicines Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

57.38

69.56

78.60

91.18

We Can Medicines Co Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial						92.42	85.31	86.40	90.52	92.49

Competitive Comparison of We Can Medicines Co's Days Payable

For the Packaged Foods subindustry, We Can Medicines 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.

We Can Medicines Co's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, We Can Medicines Co's Days Payable distribution charts can be found below:

* The bar in red indicates where We Can Medicines Co's Days Payable falls into.

We Can Medicines 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.

We Can Medicines 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
=	( (510.794	+	538.078)	/	2 )	/	2099.433	*	365
=	524.436					/	2099.433	*	365
=	91.18

We Can Medicines 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
=	( (538.078	+	521.495)	/	2 )	/	522.678	*	365 / 4
=	529.7865					/	522.678	*	365 / 4
=	92.49

We Can Medicines Co Days Payable Related Terms

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We Can Medicines Co (ROCO:6929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » We Can Medicines Co Ltd (ROCO:6929) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Section 4, Taiwan Avenue, 20th Floor-1, No. 925, Xitun District, Taichung, TWN

Website

http://www.yourchance.com.tw

We Can Medicines Co Ltd is a Taiwan-based company mainly engaged in the operation of chain cosmeceutical drugstores. The Company's main products include pharmaceuticals and health food, maternity and infant products, medical supplies, beauty cosmetics, and daily necessities.

We Can Medicines Co (ROCO:6929) Headlines

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