Motech Industries Co (LSE:MTCH) Days Payable : 107.34 (As of Mar. 2024)

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What is Motech Industries Co Days Payable?

Motech Industries Co's average Accounts Payable for the three months ended in Mar. 2024 was $25.6 Mil. Motech Industries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $21.8 Mil. Hence, Motech Industries Co's Days Payable for the three months ended in Mar. 2024 was 107.34.

The historical rank and industry rank for Motech Industries Co's Days Payable or its related term are showing as below:

LSE:MTCH' s Days Payable Range Over the Past 10 Years
Min: 67 Med: 95.7 Max: 181.14
Current: 135.05

During the past 13 years, Motech Industries Co's highest Days Payable was 181.14. The lowest was 67.00. And the median was 95.70.

LSE:MTCH's Days Payable is ranked better than
84.44% of 964 companies
in the Semiconductors industry
Industry Median: 51.61 vs LSE:MTCH: 135.05

Motech Industries Co's Days Payable declined from Mar. 2023 (130.92) to Mar. 2024 (107.34). It may suggest that Motech Industries Co accelerated paying its suppliers.

Motech Industries Co Days Payable Historical Data

The historical data trend for Motech Industries Co'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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Motech Industries Co Days Payable Chart

Motech Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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179.07

128.81

80.86

135.18

127.81

Motech Industries Co 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															130.92	187.04	133.87	102.35	107.34

Competitive Comparison of Motech Industries Co's Days Payable

For the Solar subindustry, Motech Industries Co'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.

Motech Industries Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Motech Industries Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Motech Industries Co's Days Payable falls into.

Motech Industries Co 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.

Motech Industries Co'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
=	( (51.354	+	24.581)	/	2 )	/	108.428	*	365
=	37.9675					/	108.428	*	365
=	127.81

Motech Industries Co'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
=	( (24.581	+	26.682)	/	2 )	/	21.79	*	365 / 4
=	25.6315					/	21.79	*	365 / 4
=	107.34

Motech Industries Co Days Payable Related Terms

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Motech Industries Co (LSE:MTCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Motech Industries Co Ltd (LSE:MTCH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6244:Taiwan

Address

Pei-Shen Road, 6th Floor, No. 248, Section 3, Shen-Keng District, New Taipei City, TWN, 222

Website

https://www.motech.com.tw

Motech Industries Co Ltd is a company whose activities are the manufacturing, marketing, and sale of solar cells, solar modules, photovoltaic inverters, the marketing, design, and engineering of photovoltaic (PV) power systems, and solar power generation.