ACpay Co (ROCO:6984) Days Payable : 18.50 (As of Dec. 2023)

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What is ACpay Co Days Payable?

ACpay Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$5.51 Mil. ACpay Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$54.35 Mil. Hence, ACpay Co's Days Payable for the six months ended in Dec. 2023 was 18.50.

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

ROCO:6984' s Days Payable Range Over the Past 10 Years
Min: 9.94 Med: 16.87 Max: 22.39
Current: 22.39

During the past 4 years, ACpay Co's highest Days Payable was 22.39. The lowest was 9.94. And the median was 16.87.

ROCO:6984's Days Payable is ranked worse than
76.41% of 2531 companies
in the Software industry
Industry Median: 50.13 vs ROCO:6984: 22.39

ACpay Co's Days Payable declined from Dec. 2022 (30.15) to Dec. 2023 (18.50). It may suggest that ACpay Co accelerated paying its suppliers.

ACpay Co Days Payable Historical Data

The historical data trend for ACpay 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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ACpay Co Days Payable Chart

ACpay Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

9.94

16.87

21.76

ACpay Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	0.66	30.15	28.43	18.50

Competitive Comparison of ACpay Co's Days Payable

For the Software - Infrastructure subindustry, ACpay 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.

ACpay Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where ACpay Co's Days Payable falls into.

ACpay 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.

ACpay 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
=	( (6.319	+	4.915)	/	2 )	/	94.239	*	365
=	5.617					/	94.239	*	365
=	21.76

ACpay 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
=	( (6.107	+	4.915)	/	2 )	/	54.351	*	365 / 2
=	5.511					/	54.351	*	365 / 2
=	18.50

ACpay Co Days Payable Related Terms

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ACpay Co (ROCO:6984) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ACpay Co Ltd (ROCO:6984) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11F., No.103, Sec. 3, Nanjing E. Road, Zhongshan District, Taipei, TWN, 104707

Website

https://www.acpay.com

ACpay Co Ltd is a fintech company providing payment and e-commerce solutions. The company provides integrated offline cash flow services by offering Wireless credit card machines, also it has online cash flow method where in they eliminate physical boundaries and create unlimited value.

ACpay Co (ROCO:6984) Headlines

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