OCZ Technology Group (FRA:OADA) Days Payable : 59.92 (As of Aug. 2013)

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What is OCZ Technology Group Days Payable?

OCZ Technology Group's average Accounts Payable for the three months ended in Aug. 2013 was €15.8 Mil. OCZ Technology Group's Cost of Goods Sold for the three months ended in Aug. 2013 was €24.1 Mil. Hence, OCZ Technology Group's Days Payable for the three months ended in Aug. 2013 was 59.92.

The historical rank and industry rank for OCZ Technology Group's Days Payable or its related term are showing as below:

FRA:OADA's Days Payable is not ranked ^*
in the Hardware industry.
Industry Median: 68.065
* Ranked among companies with meaningful Days Payable only.

OCZ Technology Group's Days Payable declined from Feb. 2012 (72.07) to Aug. 2013 (59.92). It may suggest that OCZ Technology Group accelerated paying its suppliers.

OCZ Technology Group Days Payable Historical Data

The historical data trend for OCZ Technology Group'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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OCZ Technology Group Days Payable Chart

OCZ Technology Group Annual Data

Trend

Dec05

Dec06

Feb09

Feb10

Feb11

Feb12

Feb13

Days Payable

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40.80

77.85

71.61

78.16

56.96

OCZ Technology Group Quarterly Data
	Feb09	Nov09	Feb10	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Feb13	May13	Aug13
Days Payable	Get a 7-Day Free Trial										72.07	88.64	73.13	46.26	59.92

Competitive Comparison of OCZ Technology Group's Days Payable

For the Computer Hardware subindustry, OCZ Technology Group'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.

OCZ Technology Group's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, OCZ Technology Group's Days Payable distribution charts can be found below:

* The bar in red indicates where OCZ Technology Group's Days Payable falls into.

OCZ Technology Group 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.

OCZ Technology Group's Days Payable for the fiscal year that ended in Feb. 2013 is calculated as

	Days Payable (A: Feb. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2012 )	+	Accounts Payable (A: Feb. 2013 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2013 )	*	Days in Period
=	( (66.586	+	20.021)	/	2 )	/	277.492	*	365
=	43.3035					/	277.492	*	365
=	56.96

OCZ Technology Group's Days Payable for the quarter that ended in Aug. 2013 is calculated as:

	Days Payable (Q: Aug. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2013 )	+	Accounts Payable (Q: Aug. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2013 )	*	Days in Period
=	( (16.845	+	14.813)	/	2 )	/	24.107	*	365 / 4
=	15.829					/	24.107	*	365 / 4
=	59.92

OCZ Technology Group Days Payable Related Terms

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OCZ Technology Group (FRA:OADA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » OCZ Technology Group Inc. (FRA:OADA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ocztechnology.com

OCZ Technology Group, Inc., a Delaware corporation was formed in 2002. The Company is a provider of high performance solid state drives (SSDs) and memory modules for computing devices and systems. It develops flexible and customizable component solutions quickly and efficiently to meet the ever changing market needs and provide superior customer service. Historically, it mainly sold high performance memory modules to individual computing enthusiasts through catalog and online retail channels. However, SSDs have emerged as a strong market alternative to conventional disk drive technology and SSDs are rooted in much of the same basic technological concepts as its legacy memory module business. Today, as part of a diversification strategy which began in fiscal year 2009, its product mix is significantly more weighted toward the sale of SSDs and the SSD product line has become central to its business. As a result, its target customers are increasingly enterprises and original equipment manufacturers (or OEMs). It designs, develops, manufactures and distributes high performance components for computing devices and systems, including SSDs, other flash memory storage, memory modules, thermal management solutions and PSUs. Its ten largest customers are Amazon.com; ASK Corporation; BAS Group; D&H Distribution Company; Maxcom Memory GmbH; Memoryworld GmbH & Co., KG; Micro Center Corporation; Micro Peripherals LTD; NewEgg.com, operated by Magnell Associate Inc.; and SYX Distribution, Inc. The Company's business is subject to regulation by various federal and state governmental agencies.

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