O-Ta Precision Industry Co (ROCO:8924) Days Payable : 29.53 (As of Mar. 2024)

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What is O-Ta Precision Industry Co Days Payable?

O-Ta Precision Industry Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$267 Mil. O-Ta Precision Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$826 Mil. Hence, O-Ta Precision Industry Co's Days Payable for the three months ended in Mar. 2024 was 29.53.

The historical rank and industry rank for O-Ta Precision Industry Co's Days Payable or its related term are showing as below:

ROCO:8924' s Days Payable Range Over the Past 10 Years
Min: 23.94 Med: 29.56 Max: 59.52
Current: 25.49

During the past 13 years, O-Ta Precision Industry Co's highest Days Payable was 59.52. The lowest was 23.94. And the median was 29.56.

ROCO:8924's Days Payable is ranked worse than
77.51% of 756 companies
in the Travel & Leisure industry
Industry Median: 59.87 vs ROCO:8924: 25.49

O-Ta Precision Industry Co's Days Payable increased from Mar. 2023 (26.98) to Mar. 2024 (29.53). It may suggest that O-Ta Precision Industry Co delayed paying its suppliers.

O-Ta Precision Industry Co Days Payable Historical Data

The historical data trend for O-Ta Precision Industry 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-Ta Precision Industry Co Days Payable Chart

O-Ta Precision Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

23.94

29.32

26.24

29.01

31.70

O-Ta Precision Industry 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															26.98	24.52	22.22	23.64	29.53

Competitive Comparison of O-Ta Precision Industry Co's Days Payable

For the Leisure subindustry, O-Ta Precision Industry 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-Ta Precision Industry Co's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, O-Ta Precision Industry Co's Days Payable distribution charts can be found below:

* The bar in red indicates where O-Ta Precision Industry Co's Days Payable falls into.

O-Ta Precision Industry 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-Ta Precision Industry 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
=	( (389.232	+	243.674)	/	2 )	/	3643.553	*	365
=	316.453					/	3643.553	*	365
=	31.70

O-Ta Precision Industry 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
=	( (243.674	+	291.063)	/	2 )	/	826.25	*	365 / 4
=	267.3685					/	826.25	*	365 / 4
=	29.53

O-Ta Precision Industry Co Days Payable Related Terms

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O-Ta Precision Industry Co (ROCO:8924) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » O-Ta Precision Industry Co Ltd (ROCO:8924) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Jianfu Road, Neipu Township, Pingtung, TWN

Website

http://www.o-ta.com.tw

O-Ta Precision Industry Co Ltd is a Taiwan based company engaged in manufacturing, processing (outsourced by other businesses), assembly, and sales of golf club heads and semi-finished goods. The two reportable operating segments below: 1) Golf equipment segment is responsible for manufacturing, processing, and selling golf heads, shafts, and golf equipment. 2) Other segments are responsible for manufacturing and selling bicycles and plumbing parts.

O-Ta Precision Industry Co (ROCO:8924) Headlines

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