Hitron Technologies (TPE:2419) Days Payable : 94.88 (As of Mar. 2024)

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What is Hitron Technologies Days Payable?

Hitron Technologies's average Accounts Payable for the three months ended in Mar. 2024 was NT$1,778 Mil. Hitron Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,710 Mil. Hence, Hitron Technologies's Days Payable for the three months ended in Mar. 2024 was 94.88.

The historical rank and industry rank for Hitron Technologies's Days Payable or its related term are showing as below:

TPE:2419' s Days Payable Range Over the Past 10 Years
Min: 71.56 Med: 79.63 Max: 105.1
Current: 91.05

During the past 13 years, Hitron Technologies's highest Days Payable was 105.10. The lowest was 71.56. And the median was 79.63.

TPE:2419's Days Payable is ranked better than
66.29% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs TPE:2419: 91.05

Hitron Technologies's Days Payable declined from Mar. 2023 (102.70) to Mar. 2024 (94.88). It may suggest that Hitron Technologies accelerated paying its suppliers.

Hitron Technologies Days Payable Historical Data

The historical data trend for Hitron Technologies'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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Hitron Technologies Days Payable Chart

Hitron Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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92.97

78.34

78.37

71.56

105.10

Hitron Technologies 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															102.70	66.85	101.66	87.28	94.88

Competitive Comparison of Hitron Technologies's Days Payable

For the Communication Equipment subindustry, Hitron Technologies'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.

Hitron Technologies's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Hitron Technologies's Days Payable falls into.

Hitron Technologies 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.

Hitron Technologies'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
=	( (2671.746	+	1575.668)	/	2 )	/	7375.511	*	365
=	2123.707					/	7375.511	*	365
=	105.10

Hitron Technologies'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
=	( (1575.668	+	1979.676)	/	2 )	/	1709.65	*	365 / 4
=	1777.672					/	1709.65	*	365 / 4
=	94.88

Hitron Technologies Days Payable Related Terms

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Hitron Technologies (TPE:2419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hitron Technologies Inc (TPE:2419) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1-8, Lihsin 1st Road, Hsinchu Science Park, Hsinchu, TWN, 30078

Website

https://www.hitrontech.com

Hitron Technologies Inc manufactures and distributes communication and telecommunication products. The Company is mainly engaged in integrating communication systems, and producing and selling electronic and telecom communication products. Its products include cable modems, wireless gateway, and IPTV, among others. The majority is from the Sales revenue.

Hitron Technologies (TPE:2419) Headlines

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