AACAF (AAC Technologies Holdings) Days Payable : 94.52 (As of Jun. 2024)

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What is AAC Technologies Holdings Days Payable?

AAC Technologies Holdings's average Accounts Payable for the six months ended in Jun. 2024 was $630 Mil. AAC Technologies Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was $1,217 Mil. Hence, AAC Technologies Holdings's Days Payable for the six months ended in Jun. 2024 was 94.52.

The historical rank and industry rank for AAC Technologies Holdings's Days Payable or its related term are showing as below:

AACAF' s Days Payable Range Over the Past 10 Years
Min: 79.29 Med: 104.66 Max: 125.12
Current: 85.59

During the past 13 years, AAC Technologies Holdings's highest Days Payable was 125.12. The lowest was 79.29. And the median was 104.66.

AACAF's Days Payable is ranked better than
62.1% of 2409 companies
in the Hardware industry
Industry Median: 68.75 vs AACAF: 85.59

AAC Technologies Holdings's Days Payable increased from Jun. 2023 (78.40) to Jun. 2024 (94.52). It may suggest that AAC Technologies Holdings delayed paying its suppliers.

AAC Technologies Holdings Days Payable Historical Data

The historical data trend for AAC Technologies Holdings'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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AAC Technologies Holdings Days Payable Chart

AAC Technologies Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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103.43

104.28

107.74

85.67

79.40

AAC Technologies Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															98.24	70.54	78.40	75.92	94.52

Competitive Comparison of AAC Technologies Holdings's Days Payable

For the Communication Equipment subindustry, AAC Technologies Holdings'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.

AAC Technologies Holdings's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AAC Technologies Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where AAC Technologies Holdings's Days Payable falls into.

AAC Technologies Holdings 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.

AAC Technologies Holdings'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
=	( (465.154	+	568.72)	/	2 )	/	2376.321	*	365
=	516.937					/	2376.321	*	365
=	79.40

AAC Technologies Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (568.72	+	691.87)	/	2 )	/	1217.034	*	365 / 2
=	630.295					/	1217.034	*	365 / 2
=	94.52

AAC Technologies Holdings Days Payable Related Terms

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AAC Technologies Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AAC Technologies Holdings Inc (OTCPK:AACAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AACAY:USA 02018:Hong Kong A2XN:Germany

Address

38 Gloucester Road, Unit 1605-7, China Evergrande Centre, Wanchai, Hong Kong, HKG

Website

https://www.aactechnologies.com

AAC Technologies is one of the world's largest manufacturers of miniature acoustic components, such as speakers and receivers, primarily for smartphones, which account for under half of its revenue. Founded in 1993, the company has since expanded into the production of other handset components, such as electromagnetic drives (haptics), precision mechanical (metal casing), lenses and camera modules, and MEMS microphones. AAC is headquartered in Shenzhen, China, and runs factories in China, Vietnam, Czechia, and Malaysia. It employed 36,833 people as at June 30, 2024.