Time Interconnect Technology (HKSE:01729) Days Payable : 70.69 (As of Sep. 2023)

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What is Time Interconnect Technology Days Payable?

Time Interconnect Technology's average Accounts Payable for the six months ended in Sep. 2023 was HK$861 Mil. Time Interconnect Technology's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$2,222 Mil. Hence, Time Interconnect Technology's Days Payable for the six months ended in Sep. 2023 was 70.69.

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

HKSE:01729' s Days Payable Range Over the Past 10 Years
Min: 75.31 Med: 109.3 Max: 153.62
Current: 141.05

During the past 8 years, Time Interconnect Technology's highest Days Payable was 153.62. The lowest was 75.31. And the median was 109.30.

HKSE:01729's Days Payable is ranked better than
75.17% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs HKSE:01729: 141.05

Time Interconnect Technology's Days Payable declined from Sep. 2022 (128.14) to Sep. 2023 (70.69). It may suggest that Time Interconnect Technology accelerated paying its suppliers.

Time Interconnect Technology Days Payable Historical Data

The historical data trend for Time Interconnect Technology'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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Time Interconnect Technology Days Payable Chart

Time Interconnect Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Payable

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98.55

153.62

83.02

75.31

79.18

Time Interconnect Technology Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial											83.92	93.29	128.14	178.13	70.69

Competitive Comparison of Time Interconnect Technology's Days Payable

For the Electrical Equipment & Parts subindustry, Time Interconnect Technology'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.

Time Interconnect Technology's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Time Interconnect Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Time Interconnect Technology's Days Payable falls into.

Time Interconnect Technology 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.

Time Interconnect Technology's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (507.369	+	795.12)	/	2 )	/	3002.02	*	365
=	651.2445					/	3002.02	*	365
=	79.18

Time Interconnect Technology's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (867.336	+	853.737)	/	2 )	/	2221.711	*	365 / 2
=	860.5365					/	2221.711	*	365 / 2
=	70.69

Time Interconnect Technology Days Payable Related Terms

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Time Interconnect Technology (HKSE:01729) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Time Interconnect Technology Ltd (HKSE:01729) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

5 Science Park East Avenue, Units 213-221, 2/F, Building 5E, Hong Kong Science Park, Shatin, Hong Kong, HKG

Website

https://www.time-interconnect.com

Time Interconnect Technology Ltd is an investment holding company. The company operates in the manufacture and sales of a wide variety of copper, digital cable products, & optical fiber cable assemblies. The firm is organized into two main operating divisions Cable assembly, Digital cables, and Server. The company generates revenue from the Server segment which includes manufacturing and trading of server products. Geographically, the company derives a majority of its revenue from China and also has a presence in the United States of America; Netherlands; Singapore; Hong Kong, and Other Countries. The company serves Telecommunication and Data Communication; Healthcare and Transportation and Industrial markets.

Executives

Wang Laichun	2201 Interest of corporation controlled by you
Wang Laisheng	2201 Interest of corporation controlled by you
Li Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Li Xun Jing Mi Gong Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Time Interconnect Technology (HKSE:01729) Headlines

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