Nextronics Engineering (ROCO:8147) Days Payable : 91.91 (As of Dec. 2023)

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What is Nextronics Engineering Days Payable?

Nextronics Engineering's average Accounts Payable for the three months ended in Dec. 2023 was NT$164 Mil. Nextronics Engineering's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$163 Mil. Hence, Nextronics Engineering's Days Payable for the three months ended in Dec. 2023 was 91.91.

The historical rank and industry rank for Nextronics Engineering's Days Payable or its related term are showing as below:

ROCO:8147' s Days Payable Range Over the Past 10 Years
Min: 69.89 Med: 81.36 Max: 92.89
Current: 88.69

During the past 13 years, Nextronics Engineering's highest Days Payable was 92.89. The lowest was 69.89. And the median was 81.36.

ROCO:8147's Days Payable is ranked better than
64.32% of 2419 companies
in the Hardware industry
Industry Median: 67.96 vs ROCO:8147: 88.69

Nextronics Engineering's Days Payable declined from Dec. 2022 (98.43) to Dec. 2023 (91.91). It may suggest that Nextronics Engineering accelerated paying its suppliers.

Nextronics Engineering Days Payable Historical Data

The historical data trend for Nextronics Engineering'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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Nextronics Engineering Days Payable Chart

Nextronics Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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82.57

77.89

73.43

80.15

92.89

Nextronics Engineering 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															98.43	95.54	83.44	80.94	91.91

Competitive Comparison of Nextronics Engineering's Days Payable

For the Electronic Components subindustry, Nextronics Engineering'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.

Nextronics Engineering's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Nextronics Engineering's Days Payable falls into.

Nextronics Engineering 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.

Nextronics Engineering'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
=	( (166.239	+	156.375)	/	2 )	/	633.833	*	365
=	161.307					/	633.833	*	365
=	92.89

Nextronics Engineering'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
=	( (172.392	+	156.375)	/	2 )	/	163.206	*	365 / 4
=	164.3835					/	163.206	*	365 / 4
=	91.91

Nextronics Engineering Days Payable Related Terms

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Nextronics Engineering (ROCO:8147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nextronics Engineering Corp (ROCO:8147) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.31, Lane 169, Kangning Street, 2nd floor, Xizhi District, New Taipei City, TWN, 221

Website

http://www.nextron.com.tw

Nextronics Engineering Corp is a Taiwan based system packaging manufacturer. It is primarily engaged in the manufacture and sales of systems, subrack, backplane, front panel and accessory, connector and press fit machine.

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