Min Aik Precision Industrial Co (TPE:4545) Days Payable : 41.42 (As of Dec. 2023)

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What is Min Aik Precision Industrial Co Days Payable?

Min Aik Precision Industrial Co's average Accounts Payable for the three months ended in Dec. 2023 was NT$166 Mil. Min Aik Precision Industrial Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$366 Mil. Hence, Min Aik Precision Industrial Co's Days Payable for the three months ended in Dec. 2023 was 41.42.

The historical rank and industry rank for Min Aik Precision Industrial Co's Days Payable or its related term are showing as below:

TPE:4545' s Days Payable Range Over the Past 10 Years
Min: 32.62 Med: 52.97 Max: 63.38
Current: 32.62

During the past 13 years, Min Aik Precision Industrial Co's highest Days Payable was 63.38. The lowest was 32.62. And the median was 52.97.

TPE:4545's Days Payable is ranked worse than
86.71% of 2927 companies
in the Industrial Products industry
Industry Median: 76.45 vs TPE:4545: 32.62

Min Aik Precision Industrial Co's Days Payable declined from Dec. 2022 (50.26) to Dec. 2023 (41.42). It may suggest that Min Aik Precision Industrial Co accelerated paying its suppliers.

Min Aik Precision Industrial Co Days Payable Historical Data

The historical data trend for Min Aik Precision Industrial 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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Min Aik Precision Industrial Co Days Payable Chart

Min Aik Precision Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.74

58.59

61.06

48.20

39.71

Min Aik Precision Industrial Co 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															50.26	25.01	28.80	31.28	41.42

Competitive Comparison of Min Aik Precision Industrial Co's Days Payable

For the Metal Fabrication subindustry, Min Aik Precision Industrial 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.

Min Aik Precision Industrial Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Min Aik Precision Industrial Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Min Aik Precision Industrial Co's Days Payable falls into.

Min Aik Precision Industrial 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.

Min Aik Precision Industrial 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
=	( (168.375	+	199.89)	/	2 )	/	1692.541	*	365
=	184.1325					/	1692.541	*	365
=	39.71

Min Aik Precision Industrial Co'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
=	( (132.541	+	199.89)	/	2 )	/	366.14	*	365 / 4
=	166.2155					/	366.14	*	365 / 4
=	41.42

Min Aik Precision Industrial Co Days Payable Related Terms

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Min Aik Precision Industrial Co (TPE:4545) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Min Aik Precision Industrial Co Ltd (TPE:4545) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Guorui Road, Guanyin District, Taoyuan, TWN, 328

Website

https://www.mapi.com.tw

Min Aik Precision Industrial Co Ltd is engaged in the processing and manufacturing of electroplating of aluminum and copper products, precision stamping components and electroless nickel plating.

Min Aik Precision Industrial Co (TPE:4545) Headlines

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