Teco Electric & Machinery Co (LSE:TECD) Days Payable : 77.34 (As of Mar. 2024)

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What is Teco Electric & Machinery Co Days Payable?

Teco Electric & Machinery Co's average Accounts Payable for the three months ended in Mar. 2024 was $272 Mil. Teco Electric & Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $321 Mil. Hence, Teco Electric & Machinery Co's Days Payable for the three months ended in Mar. 2024 was 77.34.

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

LSE:TECD' s Days Payable Range Over the Past 10 Years
Min: 68.68 Med: 72.97 Max: 77.79
Current: 72.74

During the past 13 years, Teco Electric & Machinery Co's highest Days Payable was 77.79. The lowest was 68.68. And the median was 72.97.

LSE:TECD's Days Payable is ranked worse than
53.07% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs LSE:TECD: 72.74

Teco Electric & Machinery Co's Days Payable increased from Mar. 2023 (70.69) to Mar. 2024 (77.34). It may suggest that Teco Electric & Machinery Co delayed paying its suppliers.

Teco Electric & Machinery Co Days Payable Historical Data

The historical data trend for Teco Electric & Machinery 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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Teco Electric & Machinery Co Days Payable Chart

Teco Electric & Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.10

73.20

77.23

78.66

73.93

Teco Electric & Machinery 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															70.69	70.70	72.50	74.24	77.34

Competitive Comparison of Teco Electric & Machinery Co's Days Payable

For the Specialty Industrial Machinery subindustry, Teco Electric & Machinery 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.

Teco Electric & Machinery Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Teco Electric & Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Teco Electric & Machinery Co's Days Payable falls into.

Teco Electric & Machinery 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.

Teco Electric & Machinery 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
=	( (297.719	+	278.448)	/	2 )	/	1422.364	*	365
=	288.0835					/	1422.364	*	365
=	73.93

Teco Electric & Machinery 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
=	( (278.448	+	265.66)	/	2 )	/	320.981	*	365 / 4
=	272.054					/	320.981	*	365 / 4
=	77.34

Teco Electric & Machinery Co Days Payable Related Terms

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Teco Electric & Machinery Co (LSE:TECD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Teco Electric & Machinery Co Ltd (LSE:TECD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1504:Taiwan

Address

No. 19-9, San Chong Road, Nan-Kang, 5th Floor, Taipei, TWN, 11501

Website

https://www.teco.com.tw

Teco Electric & Machinery Co Ltd is a Taiwan-based company that manufactures and sells various types of mechanical equipment, air-conditioning units and electronic equipment products. The company's Heavy industrial products, the largest product line by revenue contribution, are used in fluid machinery, elevators, cranes, petrochemical machinery, rolling mills, pumps, and various other machinery. The company's home appliance offerings comprise air conditioners, refrigerators, washing machines, televisions, air purifiers, and others. The company also provides automation products such as converters, servo controllers, and circuit breakers. The company generates the majority of its sales from Taiwan.