High-Tek Harness Enterprise Co (ROCO:3202) Days Payable : 97.48 (As of Dec. 2023)

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What is High-Tek Harness Enterprise Co Days Payable?

High-Tek Harness Enterprise Co's average Accounts Payable for the three months ended in Dec. 2023 was NT$1,175 Mil. High-Tek Harness Enterprise Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$1,100 Mil. Hence, High-Tek Harness Enterprise Co's Days Payable for the three months ended in Dec. 2023 was 97.48.

The historical rank and industry rank for High-Tek Harness Enterprise Co's Days Payable or its related term are showing as below:

ROCO:3202' s Days Payable Range Over the Past 10 Years
Min: 72.1 Med: 88.11 Max: 91.48
Current: 87.47

During the past 13 years, High-Tek Harness Enterprise Co's highest Days Payable was 91.48. The lowest was 72.10. And the median was 88.11.

ROCO:3202's Days Payable is ranked better than
56.79% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs ROCO:3202: 87.47

High-Tek Harness Enterprise Co's Days Payable increased from Dec. 2022 (89.01) to Dec. 2023 (97.48). It may suggest that High-Tek Harness Enterprise Co delayed paying its suppliers.

High-Tek Harness Enterprise Co Days Payable Historical Data

The historical data trend for High-Tek Harness Enterprise 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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High-Tek Harness Enterprise Co Days Payable Chart

High-Tek Harness Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

87.03

91.48

88.83

88.89

85.01

High-Tek Harness Enterprise 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															89.01	83.03	86.88	84.32	97.48

Competitive Comparison of High-Tek Harness Enterprise Co's Days Payable

For the Electrical Equipment & Parts subindustry, High-Tek Harness Enterprise 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.

High-Tek Harness Enterprise Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, High-Tek Harness Enterprise Co's Days Payable distribution charts can be found below:

* The bar in red indicates where High-Tek Harness Enterprise Co's Days Payable falls into.

High-Tek Harness Enterprise 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.

High-Tek Harness Enterprise 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
=	( (765.297	+	1199.396)	/	2 )	/	4217.687	*	365
=	982.3465					/	4217.687	*	365
=	85.01

High-Tek Harness Enterprise 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
=	( (1150.995	+	1199.396)	/	2 )	/	1100.063	*	365 / 4
=	1175.1955					/	1100.063	*	365 / 4
=	97.48

High-Tek Harness Enterprise Co Days Payable Related Terms

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High-Tek Harness Enterprise Co (ROCO:3202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » High-Tek Harness Enterprise Co Ltd (ROCO:3202) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4F, 16, Lane 50, Section 3, Nan-Kang Road, Nangang District, Taipei, TWN, 11510

Website

https://www.high-tek.com.tw

High-Tek Harness Enterprise Co Ltd is engaged in the design, development, and manufacturing of wire harness and micro-coaxial cable assemblies in Taiwan. Its segments include Electronic Division, Engineering Trade Division and Other Departments. It derives the majority of its revenue from the Electronic Division.

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