CMC Magnetics (TPE:2323) Days Payable : 44.64 (As of Dec. 2023)

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What is CMC Magnetics Days Payable?

CMC Magnetics's average Accounts Payable for the three months ended in Dec. 2023 was NT$710 Mil. CMC Magnetics's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$1,452 Mil. Hence, CMC Magnetics's Days Payable for the three months ended in Dec. 2023 was 44.64.

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

TPE:2323' s Days Payable Range Over the Past 10 Years
Min: 25.7 Med: 37.85 Max: 48.29
Current: 39.04

During the past 13 years, CMC Magnetics's highest Days Payable was 48.29. The lowest was 25.70. And the median was 37.85.

TPE:2323's Days Payable is ranked worse than
79.22% of 2421 companies
in the Hardware industry
Industry Median: 67.71 vs TPE:2323: 39.04

CMC Magnetics's Days Payable increased from Dec. 2022 (40.83) to Dec. 2023 (44.64). It may suggest that CMC Magnetics delayed paying its suppliers.

CMC Magnetics Days Payable Historical Data

The historical data trend for CMC Magnetics'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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CMC Magnetics Days Payable Chart

CMC Magnetics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.95

37.78

48.03

47.56

48.29

CMC Magnetics 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															40.83	38.43	32.94	31.02	44.64

Competitive Comparison of CMC Magnetics's Days Payable

For the Computer Hardware subindustry, CMC Magnetics'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.

CMC Magnetics's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where CMC Magnetics's Days Payable falls into.

CMC Magnetics 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.

CMC Magnetics'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
=	( (653.767	+	860.811)	/	2 )	/	5724.229	*	365
=	757.289					/	5724.229	*	365
=	48.29

CMC Magnetics'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
=	( (560.09	+	860.811)	/	2 )	/	1452.167	*	365 / 4
=	710.4505					/	1452.167	*	365 / 4
=	44.64

CMC Magnetics Days Payable Related Terms

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CMC Magnetics (TPE:2323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CMC Magnetics Corp (TPE:2323) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

53, Ming Chuan West Road, 15th Floor, Taipei, TWN

Website

https://www.cmcnet.com.tw

CMC Magnetics Corp is engaged in the manufacturing and sale of consumer electronic products, including optical discs, and the acquisition of film agency rights, and production and distribution of digital discs and Blu-ray discs for sales and rental business. CMC provides optical storage devices like compact discs and digital video discs with additional functionalities that allow a user to record or rewrite data. The company also offers to package for optical storage products, USB storage, alkaline batteries, and flash storage products. Its products include Compact Disc Recordable, Compact Disc Rewritable, Digital Video Disc-Recordable, videotapes, and others. The firm has manufacturing facilities in Taiwan, China, and Hong Kong, and generates revenue from the Americas, Europe, and Asia.

CMC Magnetics (TPE:2323) Headlines

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