Forward Electronics Co (ROCO:8085) Days Payable : 70.87 (As of Mar. 2024)

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What is Forward Electronics Co Days Payable?

Forward Electronics Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$104.7 Mil. Forward Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$134.9 Mil. Hence, Forward Electronics Co's Days Payable for the three months ended in Mar. 2024 was 70.87.

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

ROCO:8085' s Days Payable Range Over the Past 10 Years
Min: 55.51 Med: 70.83 Max: 100.62
Current: 58.84

During the past 13 years, Forward Electronics Co's highest Days Payable was 100.62. The lowest was 55.51. And the median was 70.83.

ROCO:8085's Days Payable is ranked worse than
59.11% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs ROCO:8085: 58.84

Forward Electronics Co's Days Payable increased from Mar. 2023 (40.58) to Mar. 2024 (70.87). It may suggest that Forward Electronics Co delayed paying its suppliers.

Forward Electronics Co Days Payable Historical Data

The historical data trend for Forward Electronics 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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Forward Electronics Co Days Payable Chart

Forward Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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79.08

72.42

76.63

61.92

55.51

Forward Electronics 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															40.58	44.01	61.17	73.85	70.87

Competitive Comparison of Forward Electronics Co's Days Payable

For the Electronic Components subindustry, Forward Electronics 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.

Forward Electronics Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Forward Electronics Co's Days Payable distribution charts can be found below:

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

Forward Electronics 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.

Forward Electronics 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
=	( (107.819	+	111.8)	/	2 )	/	721.991	*	365
=	109.8095					/	721.991	*	365
=	55.51

Forward Electronics 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
=	( (111.8	+	97.687)	/	2 )	/	134.856	*	365 / 4
=	104.7435					/	134.856	*	365 / 4
=	70.87

Forward Electronics Co Days Payable Related Terms

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Forward Electronics Co (ROCO:8085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Forward Electronics Co Ltd (ROCO:8085) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22, Section 3, Zhongshan North Road, Taipei, TWN

Website

https://www.fwd.com.tw

Forward Electronics Co Ltd is engaged in the manufacturing, development, and sales of LED packaging and lighting applications, backlight modules, digital TV modules, video boxes, variable resistors, switches, encoders, sensors, Bluetooth mice-headphones, remote controls, card readers, LCD display modules.

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