Gold Circuit Electronics (TPE:2368) Days Payable : 88.53 (As of Dec. 2023)

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What is Gold Circuit Electronics Days Payable?

Gold Circuit Electronics's average Accounts Payable for the three months ended in Dec. 2023 was NT$5,983 Mil. Gold Circuit Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$6,167 Mil. Hence, Gold Circuit Electronics's Days Payable for the three months ended in Dec. 2023 was 88.53.

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

TPE:2368' s Days Payable Range Over the Past 10 Years
Min: 80.51 Med: 85.04 Max: 95.52
Current: 89.57

During the past 13 years, Gold Circuit Electronics's highest Days Payable was 95.52. The lowest was 80.51. And the median was 85.04.

TPE:2368's Days Payable is ranked better than
65.39% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs TPE:2368: 89.57

Gold Circuit Electronics's Days Payable declined from Dec. 2022 (89.82) to Dec. 2023 (88.53). It may suggest that Gold Circuit Electronics accelerated paying its suppliers.

Gold Circuit Electronics Days Payable Historical Data

The historical data trend for Gold Circuit Electronics'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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Gold Circuit Electronics Days Payable Chart

Gold Circuit Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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92.79

82.90

84.26

84.68

95.52

Gold Circuit Electronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															89.82	96.22	84.31	83.99	88.53

Competitive Comparison of Gold Circuit Electronics's Days Payable

For the Electronic Components subindustry, Gold Circuit Electronics'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.

Gold Circuit Electronics's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Gold Circuit Electronics's Days Payable falls into.

Gold Circuit Electronics 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.

Gold Circuit Electronics'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
=	( (5660.421	+	6021.443)	/	2 )	/	22320.154	*	365
=	5840.932					/	22320.154	*	365
=	95.52

Gold Circuit Electronics's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5944.398	+	6021.443)	/	2 )	/	6166.612	*	365 / 4
=	5982.9205					/	6166.612	*	365 / 4
=	88.53

Gold Circuit Electronics Days Payable Related Terms

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Gold Circuit Electronics (TPE:2368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gold Circuit Electronics Ltd (TPE:2368) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 113, Xiyuan Road, Zhongli Industrial Park, Zhongli District, Taoyuan, TWN, 320

Website

https://www.gce.com.tw

Gold Circuit Electronics Ltd manufactures, processes and sells printed circuit boards for various applications. Its products are applies in notebooks, handheld devices, telecommunications, networking and server & storage fields, among others.

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