Chenming Electronic Technology (TPE:3013) Days Payable : 136.57 (As of Mar. 2024)

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What is Chenming Electronic Technology Days Payable?

Chenming Electronic Technology's average Accounts Payable for the three months ended in Mar. 2024 was NT$1,873 Mil. Chenming Electronic Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,252 Mil. Hence, Chenming Electronic Technology's Days Payable for the three months ended in Mar. 2024 was 136.57.

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

TPE:3013' s Days Payable Range Over the Past 10 Years
Min: 61.49 Med: 87.09 Max: 139.34
Current: 110.34

During the past 13 years, Chenming Electronic Technology's highest Days Payable was 139.34. The lowest was 61.49. And the median was 87.09.

TPE:3013's Days Payable is ranked better than
74.94% of 2422 companies
in the Hardware industry
Industry Median: 67.8 vs TPE:3013: 110.34

Chenming Electronic Technology's Days Payable increased from Mar. 2023 (134.63) to Mar. 2024 (136.57). It may suggest that Chenming Electronic Technology delayed paying its suppliers.

Chenming Electronic Technology Days Payable Historical Data

The historical data trend for Chenming Electronic Technology'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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Chenming Electronic Technology Days Payable Chart

Chenming Electronic Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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96.29

86.55

117.17

132.30

139.34

Chenming Electronic Technology 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															134.63	112.45	86.31	107.75	136.57

Competitive Comparison of Chenming Electronic Technology's Days Payable

For the Computer Hardware subindustry, Chenming Electronic Technology'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.

Chenming Electronic Technology's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Chenming Electronic Technology's Days Payable falls into.

Chenming Electronic Technology 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.

Chenming Electronic Technology'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
=	( (2354.12	+	1996.607)	/	2 )	/	5698.434	*	365
=	2175.3635					/	5698.434	*	365
=	139.34

Chenming Electronic Technology'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
=	( (1996.607	+	1749.685)	/	2 )	/	1251.527	*	365 / 4
=	1873.146					/	1251.527	*	365 / 4
=	136.57

Chenming Electronic Technology Days Payable Related Terms

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Chenming Electronic Technology (TPE:3013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chenming Electronic Technology Corp (TPE:3013) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, Section 6, Mincyuan East Road, Neihu District, 2-6 Floor, Taipei, TWN, 114

Website

https://www.uneec.com

Chenming Electronic Technology Corp is a OEM/ODM manufacturer. The business activities of the Group are production of mechanical parts, computer cases, manufacturing and development of mobile devices. Geographically it operates through Taiwan. The group has only one operating segment, which produces computer and mobile device components.

Chenming Electronic Technology (TPE:3013) Headlines

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