Sixxon Tech Co (TPE:4569) Days Payable : 18.38 (As of Mar. 2024)

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What is Sixxon Tech Co Days Payable?

Sixxon Tech Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$55 Mil. Sixxon Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$272 Mil. Hence, Sixxon Tech Co's Days Payable for the three months ended in Mar. 2024 was 18.38.

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

TPE:4569' s Days Payable Range Over the Past 10 Years
Min: 19.32 Med: 25.08 Max: 26.34
Current: 19.32

During the past 4 years, Sixxon Tech Co's highest Days Payable was 26.34. The lowest was 19.32. And the median was 25.08.

TPE:4569's Days Payable is ranked worse than
95.04% of 2925 companies
in the Industrial Products industry
Industry Median: 76.67 vs TPE:4569: 19.32

Sixxon Tech Co's Days Payable declined from Mar. 2023 (22.84) to Mar. 2024 (18.38). It may suggest that Sixxon Tech Co accelerated paying its suppliers.

Sixxon Tech Co Days Payable Historical Data

The historical data trend for Sixxon Tech 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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Sixxon Tech Co Days Payable Chart

Sixxon Tech Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

25.72

24.44

26.34

21.42

Sixxon Tech Co Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial						22.84	21.04	19.29	17.63	18.38

Competitive Comparison of Sixxon Tech Co's Days Payable

For the Metal Fabrication subindustry, Sixxon Tech 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.

Sixxon Tech Co's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Sixxon Tech Co's Days Payable falls into.

Sixxon Tech 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.

Sixxon Tech 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
=	( (67.212	+	48.283)	/	2 )	/	983.841	*	365
=	57.7475					/	983.841	*	365
=	21.42

Sixxon Tech 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
=	( (48.283	+	61.172)	/	2 )	/	271.664	*	365 / 4
=	54.7275					/	271.664	*	365 / 4
=	18.38

Sixxon Tech Co Days Payable Related Terms

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Sixxon Tech Co (TPE:4569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sixxon Tech Co Ltd (TPE:4569) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 189, Section 2, Keelung Road, 110-13, 13th Floor, Xinyi District, Taipei City, TWN

Website

https://www.sixxontech.com

Sixxon Tech Co Ltd is a product solutions company providing comprehensive design, manufacturing, supply chain, and product management services. Its main business is the design, manufacturing, processing, and sales of precision metal parts and components of automotive, industrial applications, electronics, and medical products. It uses 3D design software as development aids for metal raw materials such as copper, aluminum, titanium alloys, steel, and stainless steel, and complex multi-axis machines to enable Various metal materials to be processed in a single machine; and through on-site monitoring software.

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