Tecstar Technology Co (ROCO:3117) Days Payable : 68.11 (As of Dec. 2023)

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What is Tecstar Technology Co Days Payable?

Tecstar Technology Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$84.4 Mil. Tecstar Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$226.2 Mil. Hence, Tecstar Technology Co's Days Payable for the six months ended in Dec. 2023 was 68.11.

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

ROCO:3117' s Days Payable Range Over the Past 10 Years
Min: 39.71 Med: 45.85 Max: 73.46
Current: 71.37

During the past 13 years, Tecstar Technology Co's highest Days Payable was 73.46. The lowest was 39.71. And the median was 45.85.

ROCO:3117's Days Payable is ranked better than
52.79% of 2421 companies
in the Hardware industry
Industry Median: 67.71 vs ROCO:3117: 71.37

Tecstar Technology Co's Days Payable declined from Dec. 2022 (76.38) to Dec. 2023 (68.11). It may suggest that Tecstar Technology Co accelerated paying its suppliers.

Tecstar Technology Co Days Payable Historical Data

The historical data trend for Tecstar Technology 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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Tecstar Technology Co Days Payable Chart

Tecstar Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.40

46.98

50.88

66.36

73.46

Tecstar Technology Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															54.17	64.82	76.38	72.32	68.11

Competitive Comparison of Tecstar Technology Co's Days Payable

For the Electronic Components subindustry, Tecstar Technology 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.

Tecstar Technology Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Tecstar Technology Co's Days Payable falls into.

Tecstar Technology 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.

Tecstar Technology 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
=	( (110.294	+	81.267)	/	2 )	/	475.903	*	365
=	95.7805					/	475.903	*	365
=	73.46

Tecstar Technology 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (87.587	+	81.267)	/	2 )	/	226.223	*	365 / 2
=	84.427					/	226.223	*	365 / 2
=	68.11

Tecstar Technology Co Days Payable Related Terms

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Tecstar Technology Co (ROCO:3117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tecstar Technology Co Ltd (ROCO:3117) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ln. 863, Gaoshi Rd, 326 No.32, Taoyuan, TWN, 32668

Website

http://www.tecstar.com.tw

Tecstar Technology Co Ltd is engaged in the production and distribution of multilayer chips and iron cores in Taiwan. It offers multilayer chip beads and inductors, SMD power inductors and EMI beads, and Ni-Zn soft ferrite cores.

Tecstar Technology Co (ROCO:3117) Headlines

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