Globetronics Technology Bhd (Globetronics Technology Bhd) Days Payable : 11.27 (As of Mar. 2024)

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What is Globetronics Technology Bhd Days Payable?

Globetronics Technology Bhd's average Accounts Payable for the three months ended in Mar. 2024 was $0.47 Mil. Globetronics Technology Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.77 Mil. Hence, Globetronics Technology Bhd's Days Payable for the three months ended in Mar. 2024 was 11.27.

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

GBTKF' s Days Payable Range Over the Past 10 Years
Min: 11.68 Med: 18.1 Max: 33.74
Current: 13.47

During the past 13 years, Globetronics Technology Bhd's highest Days Payable was 33.74. The lowest was 11.68. And the median was 18.10.

GBTKF's Days Payable is ranked worse than
95.54% of 964 companies
in the Semiconductors industry
Industry Median: 51.61 vs GBTKF: 13.47

Globetronics Technology Bhd's Days Payable declined from Mar. 2023 (12.99) to Mar. 2024 (11.27). It may suggest that Globetronics Technology Bhd accelerated paying its suppliers.

Globetronics Technology Bhd Days Payable Historical Data

The historical data trend for Globetronics Technology Bhd'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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Globetronics Technology Bhd Days Payable Chart

Globetronics Technology Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.75

12.73

15.13

14.59

12.07

Globetronics Technology Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															12.99	12.79	16.10	14.65	11.27

Competitive Comparison of Globetronics Technology Bhd's Days Payable

For the Semiconductors subindustry, Globetronics Technology Bhd'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.

Globetronics Technology Bhd's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Globetronics Technology Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Globetronics Technology Bhd's Days Payable falls into.

Globetronics Technology Bhd 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.

Globetronics Technology Bhd'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
=	( (0.703	+	0.442)	/	2 )	/	17.31	*	365
=	0.5725					/	17.31	*	365
=	12.07

Globetronics Technology Bhd's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.442	+	0.49)	/	2 )	/	3.772	*	365 / 4
=	0.466					/	3.772	*	365 / 4
=	11.27

Globetronics Technology Bhd Days Payable Related Terms

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Globetronics Technology Bhd (Globetronics Technology Bhd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Globetronics Technology Bhd (OTCPK:GBTKF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7022:Malaysia

Address

Plot 2, Phase 4, Free Industrial Zone, Bayan Lepas, PNG, MYS, 11900

Website

http://www.globetronics.com.my

Globetronics Technology Bhd develops and manufactures integrated circuits, light-emitting diode components, encoders and sensors, quartz crystal products, timing devices, and related products. Sensors are the leading revenue contributor for the company. Globetronics builds its sensors and encoders for a variety of automation and industrial applications. Sales volume is also significantly dependent on revenue generated from quartz crystal and timing devices. These devices are used in a multitude of electronic products, such as mobile devices, GPS, and PCs. Sales are primarily in Malaysia, Singapore and United States markets.

Globetronics Technology Bhd (Globetronics Technology Bhd) Headlines

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