Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Days Payable : 91.86 (As of Sep. 2015)

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What is Global-Tech Advanced Innovations Days Payable?

Global-Tech Advanced Innovations's average Accounts Payable for the six months ended in Sep. 2015 was $16.94 Mil. Global-Tech Advanced Innovations's Cost of Goods Sold for the six months ended in Sep. 2015 was $33.65 Mil. Hence, Global-Tech Advanced Innovations's Days Payable for the six months ended in Sep. 2015 was 91.86.

The historical rank and industry rank for Global-Tech Advanced Innovations's Days Payable or its related term are showing as below:

GAI's Days Payable is not ranked ^*
in the Semiconductors industry.
Industry Median: 51.77
* Ranked among companies with meaningful Days Payable only.

Global-Tech Advanced Innovations's Days Payable increased from Sep. 2014 (54.44) to Sep. 2015 (91.86). It may suggest that Global-Tech Advanced Innovations delayed paying its suppliers.

Global-Tech Advanced Innovations Days Payable Historical Data

The historical data trend for Global-Tech Advanced Innovations'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.

Global-Tech Advanced Innovations Days Payable Chart

Global-Tech Advanced Innovations Annual Data

Trend

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Days Payable

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56.06

57.27

49.11

61.85

65.25

Global-Tech Advanced Innovations Semi-Annual Data
	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Mar09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15
Days Payable	Get a 7-Day Free Trial															69.49	58.28	54.44	79.27	91.86

Competitive Comparison of Global-Tech Advanced Innovations's Days Payable

For the Semiconductor Equipment & Materials subindustry, Global-Tech Advanced Innovations'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.

Global-Tech Advanced Innovations's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Global-Tech Advanced Innovations's Days Payable distribution charts can be found below:

* The bar in red indicates where Global-Tech Advanced Innovations's Days Payable falls into.

Global-Tech Advanced Innovations 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.

Global-Tech Advanced Innovations's Days Payable for the fiscal year that ended in Mar. 2015 is calculated as

	Days Payable (A: Mar. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2014 )	+	Accounts Payable (A: Mar. 2015 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2015 )	*	Days in Period
=	( (12.52	+	14.249)	/	2 )	/	74.867	*	365
=	13.3845					/	74.867	*	365
=	65.25

Global-Tech Advanced Innovations's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

	Days Payable (Q: Sep. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2015 )	+	Accounts Payable (Q: Sep. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2015 )	*	Days in Period
=	( (14.249	+	19.63)	/	2 )	/	33.654	*	365 / 2
=	16.9395					/	33.654	*	365 / 2
=	91.86

Global-Tech Advanced Innovations Days Payable Related Terms

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Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Global-Tech Advanced Innovations Inc (NAS:GAI) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Website

http://www.global-webpage.com

Global-Tech Advanced Innovations Inc was organized as an international business company under the laws of the British Virgin Islands on May 2, 1991 and became a publicly traded entity on April 7, 1998. The Company was an exporter of small electrical appliances to North American and European markets. The Company produces complementary metal oxide semiconductor camera modules for sale to cellular phone manufacturers. The Company also comprises immaterial product lines and development programs. It continues to acquire new technologies in an effort to expand its capabilities in manufacturing finished products and components. Its patents are registered in various jurisdictions, including the United States, the United Kingdom, China and France. It competes with established companies in Hong Kong and China, a number of which have substantially greater technical, financial and marketing resources. Competition for contract manufacturing products is based on unit price, product quality and availability and service. Its operations and assets in China are subject to significant political, economic, legal and other uncertainties.

Global-Tech Advanced Innovations (Global-Tech Advanced Innovations) Headlines

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